THE VII FOUNDATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

RON JACQUES

Phone

9173859288

Tax Period

2024-01-01 to 2024-12-31

THE VII FOUNDATION INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $2.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE VII FOUNDATION'S MISSION IS TO TRANSFORM VISUAL JOURNALISM BY EMPOWERING NEW VOICES AND CREATING STORIES THAT ADVOCATE CHANGE. IN A WORLD WHERE BELIEFS AND ACTIONS ARE INCREASINGLY OUT-OF-SYNC WITH FACTS AND REALITIES, TRANSFORMING VISUAL JOURNALISM IS AN URGENT TASK.

Program Service Accomplishments

Program 1

Expenses: $502,249 Revenue: $8,877

AS THE EDUCATIONAL WING OF THE VII FOUNDATION, VII ACADEMY PROMOTES, TEACHES, AND FOSTERS HIGH QUALITY JOURNALISM. VII ACADEMY PROVIDES REAL- WORLD, TUITION-FREE TRAINING AND PRACTICE AS A NEW...

AS THE EDUCATIONAL WING OF THE VII FOUNDATION, VII ACADEMY PROMOTES, TEACHES, AND FOSTERS HIGH QUALITY JOURNALISM. VII ACADEMY PROVIDES REAL- WORLD, TUITION-FREE TRAINING AND PRACTICE AS A NEW GENERATION OF JOURNALISTS AND VISUAL PRACTITIONERS BUILD A CONTEMPORARY GLOBAL MEDIA ENVIRONMENT. IT TEACHES AND MENTORS VISUAL JOURNALISTS ACROSS MEDIA PRACTICE, PHOTOJOURNALISM, ETHICS, AND MEDIA ENTREPRENEURSHIP, THEREBY ENABLING IN THE LONG TERM A CULTURE WHERE THE INFORMATION NARRATIVE IS DEMOCRATIZED.

Program 2

Expenses: $251,124

THE PEACE PROJECT EXPLORES THE CONDITIONS OF PEACE PROCESSES IN LEBANON, NORTHERN IRELAND, BOSNIA, RWANDA, INDOCHINA, AND COLOMBIA. LEADING PHOTOGRAPHERS AND WRITERS OF WAR WILL RETURN TO THOSE...

THE PEACE PROJECT EXPLORES THE CONDITIONS OF PEACE PROCESSES IN LEBANON, NORTHERN IRELAND, BOSNIA, RWANDA, INDOCHINA, AND COLOMBIA. LEADING PHOTOGRAPHERS AND WRITERS OF WAR WILL RETURN TO THOSE COUNTRIES WHERE THEY FIRST REPORTED DURING CONFLICT. OTHERS WHO LIVED THROUGH WAR WILL ADD THEIR VOICES TO THE PROJECT. PROJECT WILL EXAMINE FAILURES AND SUCCESSES OF THE PAST TO BUILD PEACE THAT WILL ENDURE INTO THE FUTURE. THE PEACE PROJECT IS A BOOK, EXHIBITION, EDUCATION, AND ADVOCACY PROJECT.

Program 3

Expenses: $251,124

VII INSIDER IS A FREE ONLINE PLATFORM THAT TAKES THE GENERAL PUBLIC INSIDE THE PROFESSION OF VISUAL JOURNALISM TO ADVANCE THE PRODUCTION AND ANALYSIS OF NEW STORIES. VII INSIDER OFFERS REGULAR LIVE PRESENTATIONS, A VIDEO COLLECTION OF PREVIOUS EVENTS AND PUBLISHES WRITING ON THE ROLE OF IMAGES IN ITS BLOG, DISPACHES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,751,085

Program Service Revenue $8,877

Investment Income $2,565

Other Revenue $134,679

TOTAL REVENUE $1,897,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $584,318

Fundraising Expenses $209,113

Program Expenses $1,674,163

Other Expenses $1,667,826

TOTAL EXPENSES $2,269,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,897,206	$1,171,889	+0.6%
Expenses	$2,269,726	$1,911,102	+0.2%
Net Income	$-372,520	$-739,213	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$218,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY KNIGHT	DIRECTOR	40.00	Officer	$175,200	$0	$175,200
RON JACQUES	DIRECTOR	30.00	Officer	$43,400	$0	$43,400
WHITNEY BOWER	TRUSTEE	5.00	Director	$0	$0	$0
MEREDITH DEWITT	TRUSTEE	5.00	Director	$0	$0	$0
BALKRISHAN GILL	TRUSTEE	5.00	Director	$0	$0	$0
THAO GRIFFITHS	TRUSTEE	5.00	Director	$0	$0	$0
JUSTIN MCKIE	TRUSTEE	5.00	Director	$0	$0	$0
TANVI MISHRA	TRUSTEE	5.00	Director	$0	$0	$0
TED NELSON	TRUSTEE	5.00	Director	$0	$0	$0
ANDREW REID	CHAIR OF BOA	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2024	$1,897,206	$2,269,726	$3,728,224	$-372,520
2023	$1,124,715	$1,875,874	$2,391,084	$-751,159
2023	$1,171,889	$1,911,102	$2,391,084	$-739,213
2022	$1,831,890	$2,414,322	$3,146,719	$-582,432
2022	$1,842,485	$2,434,617	$3,146,719	$-592,132
2021	$1,703,052	$2,014,216	$3,675,290	$-311,164
2020	$1,692,042	$1,642,496	$3,929,891	$49,546
2020	$1,694,294	$1,513,330	$4,043,000	$180,964
2019	$1,141,264	$2,528,481	$3,967,275	$-1,387,217
2018	$6,594,605	$1,388,098	$5,354,492	$5,206,507