SOLE CARE FOR SOULS (EIN 263300002) - 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

2003

Legal Domicile

Principal Officer

Kathy J Bissen

Phone

7632289116

Tax Period

2020-01-01 to 2020-12-31

SOLE CARE FOR SOULS, founded in 2003, is a small nonprofit that reported $100K in total revenue in fiscal year 2020. Revenue decreased 15% compared to the prior year. Expenses of $232K exceeded revenue, resulting in a 131% operating deficit.

Mission

Promotes health and hope through free medical foot care and encouraging conversations for impoverished residents and people who are experiencing homelessness in the Minneapolis/St. Paul area

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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 (2020)

Revenue Breakdown

Contributions & Grants $112,279

Program Service Revenue $0

Investment Income $8

Other Revenue $-11,796

TOTAL REVENUE $100,491

Expense Breakdown

Grants Paid $137,714

Salaries & Benefits $78,008

Fundraising Expenses $3,999

Program Expenses $210,117

Other Expenses $16,596

TOTAL EXPENSES $232,318

Year-over-Year Comparison

	2020	2019	Change
Revenue	$100,491	$118,416	-0.2%
Expenses	$232,318	$204,979	+0.1%
Net Income	$-131,827	$-86,563	+0.5%

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

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

$70,500

Total Directors

$70,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Bissen	Executive Director	40	Officer Director	$70,500	$0	$70,500
Barbara Hoeker	Chair	5	Officer Director	$0	$0	$0
Shawn Morrison	Vice Chair	1	Officer Director	$0	$0	$0
Patricia Cropley	Secretary	1	Officer Director	$0	$0	$0
John Hoogeveen	Treasurer	1	Officer 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
2020	$100,491	$232,318	No data	$-131,827

SOLE CARE FOR SOULS