SYLVER STRATEGIES INC

EIN: 883562666 501(c)(3) Human Services

CHESAPEAKE, VA

Total Revenue
$210,000
Total Expenses
$202,854
Total Assets
$33,095
Net Assets
$33,095
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
VA
Principal Officer
MARY BIBBS
Phone
7573769825
Tax Period
2024-01-01 to 2024-12-31

SYLVER STRATEGIES INC, founded in 2022, is a small nonprofit in the Human Services sector that reported $210K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $203K left a modest 3% surplus.

Mission

TO PROVIDE RESOURCES, ASSISTANCE, SUPPORT & MENTORSHIP PROGRAMS TO MIDDLE AND HIGH SCHOOL STUDENTS AND THEIR FAMLILIES WHO ARE IN AN AT-RISK ENVIRONMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $210,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $210,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $202,104
Other Expenses $202,854
TOTAL EXPENSES $202,854

Year-over-Year Comparison

2024 2023 Change
Revenue $210,000 $189,499 +0.1%
Expenses $202,854 $163,550 +0.2%
Net Income $7,146 $25,949 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES BIBBS BOARD CHAIR N/A
Officer
$0 $0 $0
MARY BIBBS DIRECTOR N/A
Officer
$0 $0 $0
CAROL SIMS TREASURER N/A
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 $210,000 $202,854 $33,095 $7,146
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