SOLE CARE FOR SOULS

EIN: 263300002 501(c)(3)

Plymouth, MN

Total Revenue
$100,491
Total Expenses
$232,318
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
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

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

Program Service Accomplishments

Program 1
Expenses: $210,117 Revenue: $112,279

Union Gospel Mission - St Paul 403 client sessions Opportunity Center Minneapolis 498 client sessions Cedar Valley Good In The Hood Bloomington 63 client sessions Calvary Baptist Minneapolis 30...

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Union Gospel Mission - St Paul 403 client sessions Opportunity Center Minneapolis 498 client sessions Cedar Valley Good In The Hood Bloomington 63 client sessions Calvary Baptist Minneapolis 30 client sessions Johnson Ave site Minneapolis 115 client sessions 94th Street Site Bloomington 217 client sessions Grant to Good In The Hood to assist in the establishing a foot care program

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
1
Volunteers
67

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
5
$70,500
Total Directors
5
$70,500
Key Employees
0
$0
Highest Compensated
0
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
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