Perception Institute Inc (EIN 880557075) - 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

Principal Officer

Sadiqa Reynolds

Phone

9176335639

Tax Period

2023-01-01 to 2023-12-31

Perception Institute Inc, founded in 2021, is a community nonprofit in the Civil Rights & Advocacy sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum.

Mission

Perception Institute creates real-world solutions from cutting-edge mind science research to reduce discrimination and other harms linked to race, gender, and other identity differences.

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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 $1,134,262

Program Service Revenue $1,134,794

Investment Income $0

Other Revenue $22,420

TOTAL REVENUE $2,291,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,543,750

Fundraising Expenses $302,460

Program Expenses $1,739,678

Other Expenses $749,014

TOTAL EXPENSES $2,292,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,291,476	$1,477,890	+0.6%
Expenses	$2,292,764	$749,677	+2.1%
Net Income	$-1,288	$728,213	-1.0%

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

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

$477,513

Total Directors

$132,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sadiqa Reynolds	Executive Director	040.00	Officer	$320,000	$24,563	$344,563
Afue Valerie Addo	Chief Program Officer	040.00	Highest	$155,000	$11,592	$166,592
Rachel D Godsil	Secretary	001.00	Officer Director	$125,000	$0	$125,000
Michelle DePass	Treasurer	001.00	Officer Director	$7,950	$0	$7,950
John Powell	Board Chair	001.00	Officer Director	$0	$0	$0
Dushaw Hockett	Member	001.00	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	$2,291,476	$2,292,764	$1,047,365	$-1,288
2022	$1,477,890	$749,677	$963,601	$728,213

Perception Institute Inc