LOCAL SOLUTIONS (EIN 222582318) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

DEE KARNOFSKY

Phone

2078011661

Tax Period

2020-07-01 to 2021-06-30

LOCAL SOLUTIONS, founded in 2012, is a micro nonprofit that reported $33K in total revenue in fiscal year 2020. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $11K, a strong 33% operating margin.

Mission

ENSURE A STABLE, LONG-TERM HOUSING SOLUTION FOR SPECIAL NEEDS ADULTS, ONE THAT ENABLES THEM TO LIVE WITH SUPPORT, BUT AS INDEPENDENTLY AS HE OR SHE IS ABLE.

🔒

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%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $32,617

Program Service Revenue $0

Investment Income $58

Other Revenue $0

TOTAL REVENUE $32,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3

Program Expenses $18,852

Other Expenses $21,903

TOTAL EXPENSES $21,903

Year-over-Year Comparison

	2020	2019	Change
Revenue	$32,675	$44,560	-0.3%
Expenses	$21,903	$16,920	+0.3%
Net Income	$10,772	$27,640	-0.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ENOCH ALBOT	TRUSTEE	1.00	Director	$0	$0	$0
DEE KARNOFSKY	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON KNOPP	VP/TREASURER	1.00	Officer Director	$0	$0	$0
ERICA MERRILL	TRUSTEE	1.00	Director	$0	$0	$0
ROBERTA RAYMOND	SECRETARY	1.00	Officer Director	$0	$0	$0
CARMEN SANFORD	TRUSTEE	1.00	Director	$0	$0	$0
MARY SWIFT	TRUSTEE	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
2021	$32,675	$21,903	$148,250	$10,772
2020	$44,560	$16,920	$137,478	$27,640
2019	$58,017	$51,501	$109,796	$6,516

LOCAL SOLUTIONS