SOONERVERSE INC (EIN 270859143) - 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

SARA BARRY MED LBP

Phone

4054242282

Tax Period

2023-09-01 to 2024-08-31

SOONERVERSE INC, founded in 2009, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 7% surplus.

Mission

SOONERVERSE SHALL FACILITATE MANAGEMENT FUNCTIONS RELATED TO INFORMATION, EXCHANGE, CARE DELIVERY TRANSFORMATION AND PRACTICE MANAGEMENT REQUIRED IN COMMUNITY HEALTH CENTERS (CHCS), INCLUDING MIGRANT, HOMELESS, PUBLIC HEALTH CENTERS AS DEFINED IN SECTION 330 OF THE PUBLIC HEALTH SERVICE ACT; AND OTHER HEALTH CARE PROVIDERS TARGETING UNDER PATIENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,155,130

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,155,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,070,578

Other Expenses $1,070,578

TOTAL EXPENSES $1,070,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,155,130	$1,488,843	-0.2%
Expenses	$1,070,578	$1,232,718	-0.1%
Net Income	$84,552	$256,125	-0.7%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ARIF AJMERI	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA DYER	BOARD SECRET	1.00	Director	$0	$0	$0
BROOKE LATTIMORE	BOARD CHAIR	1.00	Director	$0	$0	$0
MIKE MCGAVOCK	BOARD VICE C	1.00	Director	$0	$0	$0
TERESA MYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
SONYA SMITH	BOARD TREASU	1.00	Director	$0	$0	$0
TIM STARKEY	BOARD MEMBER	1.00	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
2024	$1,155,130	$1,070,578	$487,683	$84,552
2023	$1,488,843	$1,232,718	$292,534	$256,125
2022	$1,122,292	$1,049,932	$17,426	$72,360
2021	$971,754	$1,145,842	$321,522	$-174,088
2020	$787,472	$954,284	$238,273	$-166,812

SOONERVERSE INC