Soul Children of Chicago Inc (EIN 363346429) - 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

1983

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

Soul Children of Chicago Inc, founded in 1983, is a small nonprofit that reported $152K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $25K, a strong 16% operating margin.

Mission

The organization elevates the minds, elevates the spirits, and illuminates the souls of at-risk youths aged 7 to 21 using music and performances to instill discipline, self-esteem and sense of purpose

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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 (2022)

Revenue Breakdown

Contributions & Grants $30,582

Program Service Revenue $121,234

Investment Income $0

Other Revenue $0

TOTAL REVENUE $151,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,665

Fundraising Expenses $0

Program Expenses $127,070

Other Expenses $103,405

TOTAL EXPENSES $127,070

Year-over-Year Comparison

	2022	2021	Change
Revenue	$151,816	$176,762	-0.1%
Expenses	$127,070	$181,300	-0.3%
Net Income	$24,746	$-4,538	-6.5%

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

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
Shirley Whitman	Director	20.00	Director	$0	$0	$0
Angela Gray	Treasurer	20.00	Director	$0	$0	$0
Walter W Whitman	FounderCreative Dir	60.00	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
2023	$151,816	$127,070	$52,916	$24,746
2022	$176,762	$181,300	$28,170	$-4,538
2021	$227,457	$199,729	$32,708	$27,728

Soul Children of Chicago Inc