The Solo Foundation Inc

EIN: 112547289 501(c)(3)

New York, NY

Total Revenue
$244,635
Total Expenses
$229,296
Total Assets
$151,846
Net Assets
$120,846
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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
1980
Legal Domicile
NY
Principal Officer
Howard Seligman
Phone
2126432036
Tax Period
2020-01-01 to 2020-12-31

The Solo Foundation Inc, founded in 1980, is a small nonprofit that reported $245K in total revenue in fiscal year 2020. Revenue surged 96% from the prior year, signaling strong growth momentum. Expenses of $229K left a modest 6% surplus.

Mission

To encourage and promote public interest in the visual and performing arts

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $214,389
Program Service Revenue $30,246
Investment Income $0
Other Revenue $0
TOTAL REVENUE $244,635

Expense Breakdown

Grants Paid $214,253
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $228,003
Other Expenses $15,043
TOTAL EXPENSES $229,296

Year-over-Year Comparison

2020 2019 Change
Revenue $244,635 $124,599 +1.0%
Expenses $229,296 $91,677 +1.5%
Net Income $15,339 $32,922 -0.5%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
30

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Howard F Seligman President 18.00
Officer Director
$0 $0 $0
Dmitriy Goykhman Treasurer 3.00
Officer Director
$0 $0 $0
Joseph H Lilly Esq Secretary 3.00
Officer 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
2020 $244,635 $229,296 $151,846 $15,339
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