Soar Detroit (EIN 383477837) - 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

1999

Legal Domicile

Principal Officer

Doug Kempton

Phone

3132219080

Tax Period

2024-07-01 to 2025-06-30

Soar Detroit, founded in 1999, is a small nonprofit in the Recreation & Sports sector that reported $713K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $817K exceeded revenue, resulting in a 14% operating deficit.

Mission

Soar Detroit provides literacy tutoring and sports to foster life-changing relationships and help kids flourish. We seek to turn the literacy rate upside down, promote healthy community and see kids come to know Jesus.

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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 $664,391

Program Service Revenue $49,084

Investment Income $0

Other Revenue $0

TOTAL REVENUE $713,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $495,305

Fundraising Expenses $72,108

Program Expenses $584,352

Other Expenses $321,202

TOTAL EXPENSES $816,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$713,475	$609,903	+0.2%
Expenses	$816,507	$912,881	-0.1%
Net Income	$-103,032	$-302,978	-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

Volunteers

462

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

$125,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Russell Harris	CEO	40.00	Officer	$125,000	$0	$125,000
Sadi Smith	Member	1.00	Director	$0	$0	$0
Paul Mattes	Member	1.00	Director	$0	$0	$0
Doug Kempton	Vice President	5.00	Officer Director	$0	$0	$0
Murray Sales	President	2.00	Officer Director	$0	$0	$0
Xavier Cornelius	SecretaryTreasurer	2.00	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	$713,475	$816,507	$97,632	$-103,032
2024	No data	No data	No data	No data
2023	$792,360	$884,145	$492,266	$-91,785
2022	$1,178,586	$806,054	$572,842	$372,532
2021	$697,137	$675,579	$165,233	$21,558
2019	$1,002,580	$879,041	$306,922	$123,539
2019	$1,002,580	$879,041	$306,922	$123,539
2018	$746,473	$708,513	$168,988	$37,960

Soar Detroit