SOMERSET, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DFREE GLOBAL FOUNDATION INC SOARIES, founded in 2012, is a small nonprofit in the Human Services sector that reported $309K in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $522K exceeded revenue, resulting in a 69% operating deficit.
THE ORGANIZATION'S MISSION IS TO PROMOTE AND EDUCATE THE PUBLIC ABOUT FINANCIAL LITERACY. THE D-FREE PROGRAM'S PURPOSE IS TO MOTIVATE INDIVIDUALS THAT ARE IN FINANCIAL CRISIS TO LEAD A DEBT-FREE LIFE. THE ORGANIZATION PROVIDES GUIDANCE AND FINANCIAL COUNSELING USING THE "D-FREE" LIVING STRATEGY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $309,193 | $1,532,089 | -0.8% |
| Expenses | $521,705 | $1,450,516 | -0.6% |
| Net Income | $-212,512 | $81,573 | -3.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LESLIE ANDERSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| REV DR DANIELLE BROWN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CAYLA COUSINS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ADANNA DAVIS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CARRIE GARCIS | SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| REV DR DEFOREST B SOARIES JR | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES JACKSON | TREASURER | 2.00 |
Director
|
$0 | $0 | $0 |
| SCOTT JEFFERY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| REV TREVOR HYDE JR | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| VAUGHN MCKOY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARTIN SOARIES | VICE PRESIDE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANEEN UZZELL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| REV DR DARRYL K WEBSTER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TRACEY WINGO-CAMPBELL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $309,193 | $521,705 | $183,999 | $-212,512 |
| 2022 | $1,532,089 | $1,450,516 | $349,121 | $81,573 |
| 2021 | $1,210,274 | $1,525,977 | $276,547 | $-315,703 |
| 2020 | $1,829,647 | $1,333,253 | $722,115 | $496,394 |
| 2019 | $1,573,750 | $1,630,773 | $120,520 | $-57,023 |
| 2018 | $1,500,547 | $1,440,387 | $262,158 | $60,160 |
Compare DFREE GLOBAL FOUNDATION INC SOARIES with other nonprofits in New Jersey and across the country.