IVY PEARL FOUNDATION INC (EIN 853516072) - 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

2021

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

IVY PEARL FOUNDATION INC, founded in 2021, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $24K in total revenue in fiscal year 2023. Expenses of $35K exceeded revenue, resulting in a 44% operating deficit.

Mission

The I.V.Y. P.E.A.R.L. Foundation, Inc. mission is to provide a philanthropic source of funds to individuals and projects related to educational attainment at Florida A&M University, other HBCUs, and organizations that support communities of color.

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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 $23,964

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $23,964

Expense Breakdown

Grants Paid $32,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,580

Other Expenses $2,580

TOTAL EXPENSES $34,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,964	$23,962	+0.0%
Expenses	$34,580	$32,757	+0.1%
Net Income	$-10,616	$-8,795	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHAEDRA COFIELD	SECRETARY	30.00	Officer	$0	$0	$0
KRISTEN WHITTLEY	FINANCIAL SECRETARY	30.00	Officer	$0	$0	$0
EBONY TERRELL-SHOCKLEY	TREASURER	30.00	Officer	$0	$0	$0
GLENDA HENDERSON	INCORPORATOR	30.00	Officer	$0	$0	$0
VALENCIA WALKER	PRESIDENT	30.00	Officer	$0	$0	$0
CASSANDRA ARNOLD	VICE PRESIDENT	30.00	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
2024	No data	No data	No data	No data
2023	$23,964	$34,580	$41,674	$-10,616
2022	$292,268	$261,252	$47,776	$31,016

IVY PEARL FOUNDATION INC