Soul Foundation Inc (EIN 270918927) - 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

Angela M Wakhweya

Phone

2027605732

Tax Period

2023-09-01 to 2024-08-31

Soul Foundation Inc, founded in 2009, is a small nonprofit in the International Affairs sector that reported $373K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $334K left a modest 10% surplus.

Mission

S.O.U.L. Foundation is committed to fostering sustainable partnerships with rural Ugandans in the areas of education, maternal health, and health systems strengthening in Eastern Uganda.

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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 $238,550

Program Service Revenue $80,909

Investment Income $53,386

Other Revenue $0

TOTAL REVENUE $372,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,687

Fundraising Expenses $31,444

Program Expenses $234,626

Other Expenses $223,014

TOTAL EXPENSES $334,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$372,845	$406,136	-0.1%
Expenses	$334,201	$483,366	-0.3%
Net Income	$38,644	$-77,230	-1.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Wakhweya	Chair	50.00	Highest	$32,306	$64,615	$129,229
Ricardo Smith	Treasurer	30.00	Officer Director	$0	$0	$0
Lathanya Ahmed	Secretary	5.00	Officer Director	$0	$0	$0
Eric Cash	Member	5.00	Director	$0	$0	$0
Kiana Davis	Member	5.00	Director	$0	$0	$0
Kathy Lane	Member	5.00	Director	$0	$0	$0
Linda Otieno	Member	5.00	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	$372,845	$334,201	$274,129	$38,644
2023	$406,136	$483,366	$235,485	$-77,230
2022	$495,621	$462,633	$312,715	$32,988
2021	$408,317	$420,739	$323,529	$-12,422
2020	$455,882	$419,488	$332,534	$36,394
2019	$478,105	$455,812	$362,923	$22,293

Soul Foundation Inc