Silver Lining Legacy

Nonprofit profile at a glance

EIN
454641377
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-EZ 2018, Form 990-N 2015
Location
Inglewood, CA, USA
Phone
3233793315
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$90,131
Expenses
$231,841
Assets
$121,311
Liabilities
$10,067

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • ELENA SHAHNAIAN (PRESIDENT)

Highest reported compensation

  • ESTHER SUH KWON (CO-FOUNDER & CHIEF INNOVATION OFFICER): $87,300 total reported compensation
  • ELENA SHAHNAIAN (PRESIDENT): $36,665 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

At Qualified, we empower survivors of sex trafficking and those at risk of being trafficked to identify and pursue their dream vocation creating the path for a life of financial and physical independence.

What it reported doing in 2024

At Qualified, we are passionate about unearthing dormant dreams and activating occupational purpose through personal and professional development in our Career Development Academy. This comprehensive 12 week Academy integrates Occupational Therapy support in every week preparing participants to embark on a desired career or educational path. This innovative program serves survivors of human trafficking and those at risk of being trafficked. Over 82 percent of our graduates go on to pursue a career or continued education.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 15
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 74.9%; rating input score 75
  • Fundraising efficiency: $17.86 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 25th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -157.2%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 53.5%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 3.5% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 20.4% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 74.9% of spending went to programs
  • Governance: 4 of 5 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $174K in reported program spending
  • Leadership: top reported pay $87K · 6 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.