SOUTH SEVENTH CORPORATION (EIN 581577548) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Principal Officer

GERALD EICKHOFF

Phone

6783302015

Tax Period

2024-01-01 to 2024-12-31

SOUTH SEVENTH CORPORATION, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $659K in total revenue in fiscal year 2024. The organization ran a surplus of $108K, a strong 16% operating margin.

Mission

PROVIDE HOUSING FOR THE ELDERLY.

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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 $0

Program Service Revenue $643,046

Investment Income $7,896

Other Revenue $7,797

TOTAL REVENUE $658,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,157

Fundraising Expenses $0

Program Expenses $487,927

Other Expenses $396,394

TOTAL EXPENSES $550,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$658,739	$616,777	+0.1%
Expenses	$550,551	$489,457	+0.1%
Net Income	$108,188	$127,320	-0.2%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD EICKHOFF	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOSEPH F GLENN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ELIZABETH C GLENN	TREASURER/SECRETARY	0.50	Officer Director	$0	$0	$0
EARLEEN ABERNATHY	ASSISTANT SECRETARY/ VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ROBERT REINHART	DIRECTOR	0.50	Director	$0	$0	$0
KIM DELACEY	DIRECTOR	0.50	Director	$0	$0	$0
LARRY GAY REAGIN	DIRECTOR	0.50	Director	$0	$0	$0
REBECCA BUMM	DIRECTOR	0.50	Director	$0	$0	$0
BARRY BUMM	DIRECTOR	0.50	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	$658,739	$550,551	$868,239	$108,188
2023	$616,777	$489,457	$838,517	$127,320
2022	$602,826	$472,208	$796,235	$130,618
2021	$592,580	$483,622	$705,053	$108,958
2020	$577,828	$526,682	$614,135	$51,146
2019	$566,235	$535,297	$630,333	$30,938
2018	$589,644	$553,290	$663,423	$36,354

SOUTH SEVENTH CORPORATION