SOLES4SOULS INC (EIN 204023482) - 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

2006

Legal Domicile

Principal Officer

EARNEST C TEASTER III

Phone

6153915723

Tax Period

2023-07-01 to 2024-06-30

SOLES4SOULS INC, founded in 2006, is a major nonprofit in the Human Services sector that reported $126.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO CREATE SUSTAINABLE JOBS & PROVIDE RELIEF BY DISTRIBUTING SHOES & CLOTHING AROUND THE WORLD.

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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 $114,365,492

Program Service Revenue $11,669,183

Investment Income $29,643

Other Revenue $92,260

TOTAL REVENUE $126,156,578

Expense Breakdown

Grants Paid $25,724,025

Salaries & Benefits $8,089,681

Fundraising Expenses $3,010,613

Program Expenses $117,792,046

Other Expenses $90,447,025

TOTAL EXPENSES $124,300,664

Year-over-Year Comparison

	2023	2022	Change
Revenue	$126,156,578	$108,371,544	+0.2%
Expenses	$124,300,664	$100,319,141	+0.2%
Net Income	$1,855,914	$8,052,403	-0.8%

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

Volunteers

5000

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

$1,570,546

Total Directors

Key Employees

$170,631

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON BELVILLE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
AARON LORD	DIRECTOR	1.00	Director	$0	$0	$0
ANDY LEW	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA HARRELL	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY CHANG	DIRECTOR	1.00	Director	$0	$0	$0
DAN FRIEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MAITHILI SHENOY	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE LOVE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK DUROSEAU	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE KRALL	DIRECTOR	1.00	Director	$0	$0	$0
RAJI BEHAL	DIRECTOR	1.00	Director	$0	$0	$0
SARA IRVANI	DIRECTOR	1.00	Director	$0	$0	$0
STACY XIE	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
TIANNE DOYLE	DIRECTOR	1.00	Director	$0	$0	$0
TONY WALLER	DIRECTOR	1.00	Director	$0	$0	$0
WALTER PORTER	DIRECTOR	1.00	Director	$0	$0	$0
EARNEST TEASTER III	PRESIDENT & CEO	50.00	Officer	$380,764	$37,182	$417,946
MIKE SHIREY	CHIEF OPERATING OFFICER	50.00	Officer	$264,466	$29,976	$294,442
ROBERT ADAMS-GHEE END JAN 2024	CHIEF FINANCIAL & ADMINSTRATIVE OFFICER	50.00	Officer	$263,289	$18,924	$282,213
NANCY YOUSSEF	CHIEF BUSINESS DEVELOPMENT	50.00	Officer	$265,762	$20,008	$285,770
RODNEY ARNOLD	CHIEF MARKETING OFFICER	50.00	Officer	$262,382	$27,793	$290,175
THERESA MILLER	VP DEVELOPMENT	50.00	Key Emp	$160,386	$10,245	$170,631
JAMIE ELLIS	VP STRATEGIC COMMUNICATIONS	50.00	Highest	$127,172	$19,645	$146,817
KELLEN CLAWSON	VP OPERATIONS	50.00	Highest	$125,321	$23,458	$148,779
KIM SHAMLEY	VP PEOPLE & CULTURE	50.00	Highest	$132,034	$23,988	$156,022
ROBIN WITCZAK	VP BUSINESS DEVELOPMENT	50.00	Highest	$121,065	$8,849	$129,914
TIMOTHY DEATS	CONTROLLER	50.00	Highest	$108,137	$18,165	$126,302

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	$126,156,578	$124,300,664	$44,882,864	$1,855,914
2023	$108,371,544	$100,319,141	$42,541,174	$8,052,403
2022	$92,759,575	$92,444,707	$32,677,835	$314,868
2021	$81,779,226	$84,297,218	$32,313,740	$-2,517,992
2020	$121,693,413	$110,231,032	$35,295,754	$11,462,381
2019	$93,110,388	$87,629,767	$22,922,994	$5,480,621

SOLES4SOULS INC