The Pearl House 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

2003

Legal Domicile

Principal Officer

Steven Bullard

Phone

9182996074

Tax Period

2023-01-01 to 2023-12-31

The Pearl House Inc, founded in 2003, is a community nonprofit in the Youth Development sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

The Pearl House protects, educates and disciples at-risk young women in underserved communities of Ghana. By providing physical care, emotional support, spiritual development and life-changing academic/vocational opportunities, we empower our girls to discover their unique identity and purpose in Christ. Together, we are shaping a brighter future for these girls, their communities and their nation.

Program Service Accomplishments

Program 1

Expenses: $1,358,041

The Pearl House Residential Care Facilities/Pearl House Haven House provides protection, education, counseling, and trauma care to at-risk young women in under-served communities.

Program 2

Expenses: $104,417

The Pearl House Academy educates minds, renews hearts and empowers students to be a positive change in their community.

Program 3

Expenses: $38,331

The Pearl House Career Centers are Christian vocational schools that equip young women with the career and life skills needed to succeed.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,413,189

Program Service Revenue $0

Investment Income $16,080

Other Revenue $154,950

TOTAL REVENUE $1,584,219

Expense Breakdown

Grants Paid $1,215,219

Salaries & Benefits $334,969

Fundraising Expenses $33,497

Program Expenses $1,500,789

Other Expenses $112,982

TOTAL EXPENSES $1,663,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,584,219	$1,714,190	-0.1%
Expenses	$1,663,170	$1,544,003	+0.1%
Net Income	$-78,951	$170,187	-1.5%

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

105

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

$135,665

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Courtney Bullard	President	40.00	Officer	$64,985	$0	$64,985
Kathy Hitchcock	Secretary	32.00	Officer	$42,180	$0	$42,180
Steve Bullard	Treasurer	12.00	Officer	$28,500	$0	$28,500
Eric Schleicher	Chairman	6.00	Director	$0	$0	$0
John Weidman	Director	0.00	Director	$0	$0	$0
Jill Trice	Director	2.00	Director	$0	$0	$0
Bob Fitzgerald	Director	4.00	Director	$0	$0	$0
Angie Kircher	Director	0.00	Director	$0	$0	$0
Jeff Mcmillion	Director	0.00	Director	$0	$0	$0
Sue Taylor	Director	0.00	Director	$0	$0	$0
Shannon Wilburn	Director	0.00	Director	$0	$0	$0
Lindsey Lee	Director	0.00	Director	$0	$0	$0
Rusty Adair	Director	0.00	Director	$0	$0	$0
Branon Hayes	Director	0.00	Director	$0	$0	$0
Tami Roach	Director	0.00	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
2023	$1,584,219	$1,663,170	$826,543	$-78,951
2022	$1,714,190	$1,544,003	$906,270	$170,187
2021	$1,208,233	$625,193	$2,564,964	$583,040
2020	$1,106,581	$491,279	$1,942,111	$615,302
2019	$899,981	$500,633	$1,327,041	$399,348
2018	$471,574	$333,653	$927,559	$137,921