SOLARI INC (EIN 260446321) - 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

2007

Legal Domicile

Principal Officer

JUSTIN CHASE

Phone

6024274600

Tax Period

2024-10-01 to 2025-09-30

SOLARI INC, founded in 2007, is a mid-sized nonprofit in the Mental Health sector that reported $91.6M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $87.3M left a modest 5% surplus.

Mission

INSPIRING HOPE

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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 (2024)

Revenue Breakdown

Contributions & Grants $36,171,781

Program Service Revenue $55,151,501

Investment Income $273,579

Other Revenue $17,928

TOTAL REVENUE $91,614,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,985,315

Fundraising Expenses $438,487

Program Expenses $76,785,657

Other Expenses $21,308,628

TOTAL EXPENSES $87,293,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,614,789	$65,151,126	+0.4%
Expenses	$87,293,943	$64,509,938	+0.4%
Net Income	$4,320,846	$641,188	+5.7%

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

1067

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

$1,978,034

Total Directors

Key Employees

$173,260

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA MARIA MALDONADO	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TROY LAUTERBACH	CHAIR	2.00	Officer Director	$0	$0	$0
APRIL LOPEZ	SECRETARY	2.00	Officer Director	$0	$0	$0
TONI PORODA	TREASURER	2.00	Officer Director	$0	$0	$0
HAYLEY WINTERBERG	BOARD MEMBER (THRU FEB 2025)	2.00	Director	$0	$0	$0
DENNIS BOURGEOIS	BOARD MEMBER (THRU JAN 2025)	2.00	Director	$0	$0	$0
JIM BALMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPHINE JONES	BOARD MEMBER (THRU MAY 2025)	2.00	Director	$0	$0	$0
SAUL BLAIR	BOARD MEMBER	2.00	Director	$0	$0	$0
ASHLEY BRIDWELL	BOARD MEMBER (THRU APR 2025)	2.00	Director	$0	$0	$0
ERIC BAILEY	BOARD MEMBER	2.00	Director	$0	$0	$0
BRYAN FLEMING	BOARD MEMBER	2.00	Director	$0	$0	$0
NEAL THOMAS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTINE THOMAS	BOARD MEMBER	2.00	Director	$0	$0	$0
JUSTIN NICHOLAS CHASE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$332,394	$32,207	$364,601
ANDREW YOUNG ERWIN	PRESIDENT	40.00	Officer	$331,453	$27,567	$359,020
THOMAS MARK MATENAER	CHIEF FINANCIAL OFFICER	40.00	Officer	$271,068	$10,842	$281,910
MARK DANIEL GRIFFITHS	CHIEF INFORMATION OFFICER (THRU 4/2/2025)	40.00	Officer	$256,643	$18,095	$274,738
BETH MARIE BRADY	CHIEF BRAND & DEVELOPMENT	40.00	Officer	$227,104	$24,613	$251,717
JULIE SHOCKLEY	CHIEF OPERATING OFFICER	40.00	Officer	$236,708	$9,467	$246,175
CASSIE DAWN VILLEGAS	CHIEF OF CRISIS SERVICES	40.00	Officer	$182,014	$17,859	$199,873
TOLEDO OMAYRA TORRES	VICE PRESIDENT, FINANCE	40.00	Key Emp	$152,185	$21,075	$173,260
NATHAN MURDOCK HEARNS JR	SENIOR DIRECTOR, BUSINESS INTELLIGENCE	40.00	Highest	$192,707	$14,340	$207,047
RYAN EDWARD BAUERLE	DIRECTOR, INFORMATION TECHNOLOGY	40.00	Highest	$157,590	$21,363	$178,953
NICHOLAS PAUL DRAPER	MANAGER, SOFTWARE DEVELOPMENT	40.00	Highest	$154,650	$13,808	$168,458
ERIC JAMES BULTMAN	MANAGER, DATA AND REPORTING	40.00	Highest	$154,208	$6,167	$160,375
KOREY LYNN HAWKINS	DIRECTOR, SMI AND SED ELIGIBILITY	40.00	Highest	$137,606	$20,444	$158,050

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
2025	$91,614,789	$87,293,943	$33,185,720	$4,320,846
2024	$65,151,126	$64,509,938	$28,931,882	$641,188
2023	$62,330,772	$60,584,929	$24,717,430	$1,745,843
2022	$42,155,545	$41,774,328	$13,576,615	$381,217
2021	$34,568,899	$33,668,004	$12,907,993	$900,895
2020	$23,614,756	$22,027,631	$10,229,050	$1,587,125
2019	$17,098,819	$16,137,508	$7,516,853	$961,311
2018	$15,580,930	$14,777,683	$6,251,606	$803,247

SOLARI INC