SOLAR YOUTH INC

EIN: 061600471 501(c)(3) Education

NEW HAVEN, CT

Total Revenue
$786,073
Total Expenses
$651,801
Total Assets
$579,831
Net Assets
$558,312
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
CT
Principal Officer
CANDACE WRIGHT
Phone
2033874189
Tax Period
2023-07-01 to 2024-06-30

SOLAR YOUTH INC, founded in 2000, is a small nonprofit in the Education sector that reported $786K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $134K, a strong 17% operating margin.

Mission

TO EMPOWER YOUTH TO ACHIEVE LIFELONG SUCCESS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $786,867
Program Service Revenue $0
Investment Income $-794
Other Revenue $0
TOTAL REVENUE $786,073

Expense Breakdown

Grants Paid $0
Salaries & Benefits $458,395
Fundraising Expenses $20,770
Program Expenses $433,506
Other Expenses $193,406
TOTAL EXPENSES $651,801

Year-over-Year Comparison

2023 2022 Change
Revenue $786,073 $634,173 +0.2%
Expenses $651,801 $519,804 +0.3%
Net Income $134,272 $114,369 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
46
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
5
$109,002
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA STANGER BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY SETZER BOARD MEMBER 1.00
Director
$0 $0 $0
CORINNE CASTRO VICE-CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL FELBERBAUM CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER MILIKOWSKY TREASURER 1.00
Officer Director
$0 $0 $0
MARIA GOMEZ SECRETARY 1.00
Officer Director
$0 $0 $0
CANDACE WRIGHT EXECUTIVE DIRECTOR 40.00
Officer
$88,237 $20,765 $109,002
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 $786,073 $651,801 $579,831 $134,272
2023 $634,173 $519,804 $440,926 $114,369
2022 $561,975 $705,261 $317,900 $-143,286
2021 $804,233 $792,423 $466,207 $11,810
2020 $732,698 $677,447 $446,041 $55,251
2019 $587,591 $575,491 $310,937 $12,100
2018 $668,963 $670,946 $296,003 $-1,983
Explore More Nonprofits
Top 100 Nonprofits in Connecticut Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SOLAR YOUTH INC with other nonprofits in Connecticut and across the country.