PEARL VIRTUAL CONNECTIONS

EIN: 611601394 501(c)(3)

COLUMBUS, OH

Total Revenue
$17
Total Expenses
$1,430
Total Assets
$34,449
Net Assets
$34,449
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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
2009
Legal Domicile
OH
Principal Officer
MERRY KORN
Phone
6142582943
Tax Period
2018-01-01 to 2018-12-31

PEARL VIRTUAL CONNECTIONS, founded in 2009, is a micro nonprofit that reported $17 in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. Expenses of $1K exceeded revenue, resulting in a 8312% operating deficit.

Mission

TO ENHANCE OPPORTUNITIES FOR ECONOMIC AND PERSONAL INDEPENDENCE FOR PEOPLE WITH VISION IMPAIRMENTS AND TO PROVIDE TRAINING AND EMPLOYMENT TO PEOPLE WITH VISION IMPAIRMENTS AND TO OTHER DISABLED PERSONS, AS APPROPRIATE.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $17
Other Revenue $0
TOTAL REVENUE $17

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,430
TOTAL EXPENSES $1,430

Year-over-Year Comparison

2018 2017 Change
Revenue $17 $18 -0.1%
Expenses $1,430 $1,239 +0.2%
Net Income $-1,413 $-1,221 +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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MERRY KORN PRESIDENT 0.00
Officer
$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
2018 $17 $1,430 $34,449 $-1,413
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