Seven Lights 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

2020

Legal Domicile

Principal Officer

WILLIAM SAPOCH

Phone

8478693655

Tax Period

2022-07-01 to 2023-06-30

Seven Lights Foundation Inc, founded in 2020, is a micro nonprofit in the Education sector that reported $15K in total revenue in fiscal year 2022. Revenue fell 126% from the prior year — a significant decline worth monitoring.

Mission

TO SUPPORT ASSISTING DESERVING STUDENTS WHO ARE IN FINANCIAL NEED TO CONTINUE AND COMPLETE THEIR COLLEGE EDUCATION; GIVING RECOGNITION AND ENCOURAGEMENT OF ACEDEMIC ACHIEVEMENT AND EXCELLENCE THROUGH THE AWARDING OF GRANTS, SCHOLARSHIPS, AID, AND ASSISTANCE TO DESERVING STUDENTS AND IN CARRYING OUT THE SAID PURPOSES TO GIVE PREFERENCE TO MEMBERS OF THE ACTIVE CHAPTERS OF THE FRATERNITY CHARTERED AND EXISTING AT UNITED STATES AND CANADIAN COLLEGES.

Program Service Accomplishments

Program 1

Expenses: $0

N/A

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-14,936

Other Revenue $0

TOTAL REVENUE $-14,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,234

TOTAL EXPENSES $2,234

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-14,936	$57,177	-1.3%
Expenses	$2,234	$4,789	-0.5%
Net Income	$-17,170	$52,388	-1.3%

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
William Sapoch	PRESIDENT	1.0	Officer Director	$0	$0	$0
Lee Beauchamp	DIRECTOR	1.0	Officer Director	$0	$0	$0
Robert Jones	SECRETARY & TREASURER	1.0	Officer 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	$-14,936	$2,234	$519,613	$-17,170
2022	$57,177	$4,789	$482,748	$52,388
2021	$528,000	$20,108	$528,000	$507,892