SOULFORCE INC (EIN 330782888) - 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

1997

Legal Domicile

Principal Officer

ALBA ONOFRIO

Phone

8008109143

Tax Period

2024-01-01 to 2024-12-31

SOULFORCE INC, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

END SPIRITUAL VIOLENCE AND OPPRESSION AGAINST LGBTQI PEOPLE

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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 $1,006,895

Program Service Revenue $10,753

Investment Income $28

Other Revenue $0

TOTAL REVENUE $1,017,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $324,692

Fundraising Expenses $122,604

Program Expenses $968,531

Other Expenses $842,835

TOTAL EXPENSES $1,167,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,017,676	$908,261	+0.1%
Expenses	$1,167,527	$1,214,781	0.0%
Net Income	$-149,851	$-306,520	-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

$123,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLE PARKE-WEST	SECRETARY	1.25	Officer Director	$0	$0	$0
PHOENIX RAHAL	TREASURER	0.25	Officer Director	$0	$0	$0
RHINA RAMOS	DIRECTOR	0.50	Director	$0	$0	$0
ERIC BORJA	DIRECTOR	0.50	Director	$0	$0	$0
ORION JOHNSTONE	DIRECTOR	0.25	Director	$0	$0	$0
ALBA ONOFRIO	EXECUTIVE DIRECTOR	35.00	Officer	$123,706	$0	$123,706
CASSANDRA CALIN	BOARD CHAIR	2.00	Officer	$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	$1,017,676	$1,167,527	$981,341	$-149,851
2023	$908,261	$1,214,781	$1,087,709	$-306,520
2022	$1,095,511	$807,456	$1,391,666	$288,055
2022	$1,000,730	$807,455	$1,291,667	$193,275
2021	$909,189	$1,240,941	$1,164,825	$-331,752
2020	$1,001,911	$264,774	$964,327	$737,137
2019	$310,899	$342,765	$227,136	$-31,866
2018	$281,724	$277,023	$274,327	$4,701

SOULFORCE INC