SOAR DBA READY FOR LIFE (EIN 270542086) - 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

2009

Legal Domicile

Principal Officer

TONI FALK

Phone

6162483775

Tax Period

2024-08-01 to 2025-07-31

SOAR DBA READY FOR LIFE, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 10% surplus.

Mission

PROVIDE ACADEMIC OPPORTUNITIES TO ADULTS WITH DISABILITIES.

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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 $14,884

Program Service Revenue $1,328,065

Investment Income $54,129

Other Revenue $0

TOTAL REVENUE $1,397,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $939,941

Fundraising Expenses $0

Program Expenses $1,162,476

Other Expenses $314,204

TOTAL EXPENSES $1,254,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,397,078	$1,160,535	+0.2%
Expenses	$1,254,145	$1,043,263	+0.2%
Net Income	$142,933	$117,272	+0.2%

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

$84,178

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEEDEE STAKLEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
BECKIE HADLEY	TREASURER	2.00	Officer Director	$0	$0	$0
MIKE HAZEL	SECRETARY	2.00	Officer Director	$0	$0	$0
SHIRLEY EICHENBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLA WICKS	BOARD MEMBER	2.00	Director	$0	$0	$0
TONI FALK	EXECUTIVE DIRECTOR	40.00	Officer	$78,256	$5,922	$84,178

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	$1,397,078	$1,254,145	$1,061,065	$142,933
2024	$1,160,535	$1,043,263	$884,451	$117,272
2023	$1,195,763	$1,152,730	$758,762	$43,033
2022	$1,008,588	$1,062,992	$709,852	$-54,404
2021	$963,863	$852,811	$781,625	$111,052
2019	$791,601	$694,909	$670,317	$96,692
2018	$588,170	$505,034	$544,508	$83,136

SOAR DBA READY FOR LIFE