JON BON JOVI SOUL FOUNDATION (EIN 205036346) - 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

LEO CARLIN JR

Phone

2156360420

Tax Period

2023-01-01 to 2023-12-31

JON BON JOVI SOUL FOUNDATION, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

BREAKING THE CYCLE OF POVERTY, HOMELESSNESS, AND HUNGER IN COMMUNITIES ACROSS AMERICA.

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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 $1,234,596

Program Service Revenue $424,459

Investment Income $45,626

Other Revenue $0

TOTAL REVENUE $1,704,681

Expense Breakdown

Grants Paid $80,250

Salaries & Benefits $944,831

Fundraising Expenses $90,029

Program Expenses $1,583,068

Other Expenses $703,124

TOTAL EXPENSES $1,728,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,704,681	$1,396,021	+0.2%
Expenses	$1,728,205	$1,809,519	0.0%
Net Income	$-23,524	$-413,498	-0.9%

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

4556

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

$100,962

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON BON JOVI	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
CRAIG SPENCER	BOARD VICE-CHAIR	5.00	Officer Director	$0	$0	$0
LEO CARLIN JR	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
MIMI BOX	BOARD VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVE PERNA	BOARD VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
PAUL KORZILIUS	BOARD TREASURER	5.00	Officer Director	$0	$0	$0
SR MARY SCULLION	BOARD MEMBER	5.00	Director	$0	$0	$0
HEATHER GOLDFARB	EXEC. DIR, ASST. TREASURER	40.00	Officer	$100,962	$0	$100,962
SARA PETERS	BOARD SECRETARY	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$1,704,681	$1,728,205	$2,944,719	$-23,524
2022	$1,396,021	$1,809,519	$2,723,451	$-413,498
2021	$1,456,548	$1,402,542	$3,427,076	$54,006
2020	$1,309,319	$1,876,596	$3,235,580	$-567,277
2019	$1,113,099	$1,976,251	$3,710,212	$-863,152
2018	$998,628	$1,260,351	$4,407,234	$-261,723

JON BON JOVI SOUL FOUNDATION