Soul Friends Inc (EIN 431986520) - 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

2003

Phone

2035106926

Tax Period

2024-01-01 to 2024-12-31

Soul Friends Inc, founded in 2003, is a small nonprofit in the Mental Health sector that reported $320K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $295K left a modest 8% surplus.

Mission

to provide innovative clinical and educational programs that promote the healing benefits of the human-animal bond in animal assisted psychotherapy programs, nature therapy and humane education.

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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 $55,904

Program Service Revenue $264,160

Investment Income $0

Other Revenue $0

TOTAL REVENUE $320,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,289

Fundraising Expenses $5,359

Program Expenses $246,770

Other Expenses $124,916

TOTAL EXPENSES $295,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$320,064	$189,645	+0.7%
Expenses	$295,205	$187,061	+0.6%
Net Income	$24,859	$2,584	+8.6%

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

$7,310

Total Directors

$7,310

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kate Nicoll	CEO	15.00	Officer Director	$5,556	$154	$5,710
Riley O'Connell	Executive Dir.	15.00	Officer Director	$1,600	$0	$1,600
Dr Stephen Monroe Tomczak	Chairman	2.00	Officer Director	$0	$0	$0
Kristin Hannah	Secretary	0.50	Officer Director	$0	$0	$0
Mary Ellen Crawford	Treasurer	1.00	Officer Director	$0	$0	$0
Riya Patel	Trustee	1.00	Director	$0	$0	$0
Cindy Fiorenzo	Trustee	0.50	Director	$0	$0	$0
Ellen Econs	Trustee	0.50	Director	$0	$0	$0
Elizabeth Quitko	Trustee	0.50	Director	$0	$0	$0
Kara Hunter	Trustee	0.50	Director	$0	$0	$0
Susan Hauser	Trustee	0.50	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	$320,064	$295,205	$63,310	$24,859
2022	$244,829	$246,768	$31,274	$-1,939

Soul Friends Inc