Soul Food Community Development Corporation Inc (EIN 043789595) - 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

2003

Legal Domicile

Principal Officer

Frederick Clarkson

Phone

2153395353

Tax Period

2023-01-01 to 2023-12-31

Soul Food Community Development Corporation Inc, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $559K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

To create community empowerment in Philadelphias poorer neighborhoods in order to help residents obtain self-sufficiency and improve their overall quality of life.

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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 $558,520

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $558,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,500

Program Expenses $472,010

Other Expenses $547,990

TOTAL EXPENSES $547,990

Year-over-Year Comparison

	2023	2022	Change
Revenue	$558,520	$513,075	+0.1%
Expenses	$547,990	$480,369	+0.1%
Net Income	$10,530	$32,706	-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

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

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
Fred Clarkson	President	30.00	Director	$0	$0	$0
Bernadine Lloyd	Vice President	15.00	Director	$0	$0	$0
Eleanor Parks	Secretary/Treasurer	3.00	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
2023	$558,520	$547,990	No data	$10,530
2022	$513,075	$480,369	$59,865	$32,706

Soul Food Community Development Corporation Inc