SOLIMINE CHARITABLE CORPORATION (EIN 200478181) - 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

2004

Legal Domicile

Principal Officer

DAVID J SOLIMINE JR

Phone

7815998238

Tax Period

2022-01-01 to 2022-12-31

SOLIMINE CHARITABLE CORPORATION, founded in 2004, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $38K in total revenue in fiscal year 2022. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $74K exceeded revenue, resulting in a 94% operating deficit.

Mission

TO ASSIST VETERANS, YOUTHS, SCHOOLS AND HANDICAPPED INDIVIDUALS AND PROGRAMS IN THE GREATER LYNN AREA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $26,454

Program Service Revenue $0

Investment Income $871

Other Revenue $10,689

TOTAL REVENUE $38,014

Expense Breakdown

Grants Paid $71,030

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,286

Other Expenses $2,841

TOTAL EXPENSES $73,871

Year-over-Year Comparison

	2022	2021	Change
Revenue	$38,014	$339,839	-0.9%
Expenses	$73,871	$65,961	+0.1%
Net Income	$-35,857	$273,878	-1.1%

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

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
MAGNOLIA A CONTRERAS	DIRECTOR	1.00	Director	$0	$0	$0
DIANE J EDGETT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID J SOLIMINE JR	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOEL C SOLIMINE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL D SOLIMINE	DIRECTOR	1.00	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
2022	$38,014	$73,871	$6,647,390	$-35,857
2021	$339,839	$65,961	$3,503,247	$273,878
2020	$1,137,303	$83,258	$3,239,369	$1,054,045
2019	$1,119,124	$70,075	$2,135,324	$1,049,049
2018	$1,113,050	$78,436	$1,416,275	$1,034,614

SOLIMINE CHARITABLE CORPORATION