SOLUTIONS TO END POVERTY SOON INC (EIN 223401896) - 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

1994

Legal Domicile

Principal Officer

MICHAEL MCNEIL

Phone

7323671640

Tax Period

2023-01-01 to 2023-12-31

SOLUTIONS TO END POVERTY SOON INC, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

Provide homeless prevention through rental assitance and homeowner education services.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $1,179,829

Program Service Revenue $0

Investment Income $52

Other Revenue $0

TOTAL REVENUE $1,179,881

Expense Breakdown

Grants Paid $987,793

Salaries & Benefits $301,680

Fundraising Expenses $0

Program Expenses $1,372,845

Other Expenses $89,283

TOTAL EXPENSES $1,378,756

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,179,881	$1,314,894	-0.1%
Expenses	$1,378,756	$835,905	+0.6%
Net Income	$-198,875	$478,989	-1.4%

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

N/A

Independent Members

N/A

Employees

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

$189,300

Total Directors

$88,700

Key Employees

$111,100

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael McNeil	President	40.00	Officer Director	$88,700	$0	$88,700
Shawnte Franklin	Treasurer	40.00	Officer	$58,700	$0	$58,700
Lorraine Palmer	Homeless director	20.00	Key Emp	$9,600	$0	$9,600
Kyra Price	VP	40.00	Officer	$41,900	$0	$41,900
Adeyja Simonetti	Special Programs	40.00	Key Emp	$28,700	$0	$28,700
Angela Caldwell	Key Employee	20.00	Key Emp	$12,600	$0	$12,600
Eugnio Espinosa	Interpretor	40.00	Key Emp	$36,700	$0	$36,700
Shadey Lane	Other Programs	40.00	Key Emp	$23,500	$0	$23,500

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	$1,179,881	$1,378,756	$601,607	$-198,875
2022	$1,314,894	$835,905	$800,482	$478,989
2021	$429,642	$503,520	$321,493	$-73,878
2020	$696,698	$449,026	$395,371	$247,672

SOLUTIONS TO END POVERTY SOON INC