SOUTH OAKLAND CITIZENS FOR THE HOMELESS (EIN 371437781) - 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

2001

Phone

2488503219

Tax Period

2023-04-01 to 2024-03-31

SOUTH OAKLAND CITIZENS FOR THE HOMELESS, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $376K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 17% operating margin.

Mission

SOUTH OAKLAND CITIZENS FOR THE HOMELESS WAS FORMED IN 2001. A GROUP OF CONCERNED CITIZENS AND CLERGY CAME TOGETHER TO ADDRESS ISSUES FACING THE HOMELESS IN OAKLAND COUNTY MICHIGAN. THE VISION WAS TO OPEN A DAYTIME DROP-IN CENTER FOR THE HOMELESS POPULATION WHO USE EVENING AND OVERNIGHT PROGRAMS BUT HAVE FEW PLACES TO GO DURING THE DAY. WE OFFER SHELTER, MEDICAL ATTENTION, FOOD, CLOTHING AND SUBSTANCE ABUSE SERVICES, AND COMMUNITY RESOURCES AND REFERALS. WELCOME INN IS THE NAME OF THE DAYTIME CENTER OPERATED BY S.O.C.H. DURING THE TAX YEAR PERIOD.

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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 $376,243

Program Service Revenue $0

Investment Income $39

Other Revenue $0

TOTAL REVENUE $376,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,510

Fundraising Expenses $5,033

Program Expenses $213,479

Other Expenses $102,079

TOTAL EXPENSES $310,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,282	$207,694	+0.8%
Expenses	$310,622	$245,795	+0.3%
Net Income	$65,660	$-38,101	-2.7%

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

N/A

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

$65,000

Total Directors

$65,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN J OGDEN	Executive Dir.	40.00	Officer Director	$65,000	$0	$65,000
REV JACQUELINE SPYCHER	Chairman	4.00	Officer Director	$0	$0	$0
REV DAVID HUSELTINE	Chairman	4.00	Officer Director	$0	$0	$0
ROBERT LENZ	Treasurer	4.00	Officer Director	$0	$0	$0
JOSEPH MACKEY	Director	4.00	Officer Director	$0	$0	$0
RICHARD SMITH	Director	4.00	Officer 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
2025	No data	No data	No data	No data
2024	$376,282	$310,622	$163,593	$65,660
2023	$207,694	$245,795	$97,933	$-38,101

SOUTH OAKLAND CITIZENS FOR THE HOMELESS