SOLARIS FOUNDATION INC (EIN 455611172) - 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

2012

Legal Domicile

Principal Officer

THOMAS BELL

Phone

2392068187

Tax Period

2024-01-01 to 2024-12-31

SOLARIS FOUNDATION INC, founded in 2012, is a major nonprofit in the Health Care sector that reported $215.6M in total revenue in fiscal year 2024.

Mission

TO IMPROVE OVERALL QUALITY OF LIFE OF INDIVIDUALS THROUGHOUT THE SOUTHEASTERN UNITED STATES WITH A COMPREHENSIVE HEALTH AND WELLNESS PROGRAM THAT ADDRESSES THE NEEDS OF EACH COMMUNITY WE SERVE. THROUGH OUR GROUP OF AFFILIATED ENTITIES AND A NETWORK OF HEALTHCARE PROVIDERS, WE WILL DEVELOP A WELLNESS BASED CONTINUUM OF SERVICES THAT ADDRESS THE MEDICAL, SOCIAL AND WELLNESS NEEDS OF THE ELDERLY, INDIGENT AND CHILDREN IN EACH OF THE COMMUNITIES WE SERVE.

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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 $0

Program Service Revenue $215,265,589

Investment Income $154,302

Other Revenue $164,067

TOTAL REVENUE $215,583,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,784,918

Fundraising Expenses $0

Program Expenses $207,386,396

Other Expenses $101,077,328

TOTAL EXPENSES $210,862,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,583,958	$212,128,052	+0.0%
Expenses	$210,862,246	$213,310,714	0.0%
Net Income	$4,721,712	$-1,182,662	-5.0%

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

3071

Volunteers

113

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

$1,263,453

Total Directors

$786,604

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BELL	PRESIDENT	40.00	Officer Director	$759,631	$26,973	$786,604
MICHAEL BERKOWITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAIM HERZKA	BOARD MEMBER	1.00	Director	$0	$0	$0
MIRIAM BUXBAUM	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSPEH OBERLANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN CORLEY	PRES, SOLARIS HEALTHCARE P	40.00	Officer	$435,960	$40,889	$476,849
AMY SAAYMAN	PRES, CFO, ME SOLARIS HEAL	40.00	Highest	$217,920	$12,566	$230,486
F STANFORD WEYER	PRES, CFO, ME SOLARIS HEAL	40.00	Highest	$241,063	$21,534	$262,597
SHAIRE CUNNINGHAM DAVIS	PRES, CFO, ME SOLARIS HEAL	40.00	Highest	$197,987	$0	$197,987
ROSS BAIRD	PRES, CFO, ME SOLARIS HEAL	40.00	Highest	$250,862	$23,674	$274,536
JAMIE WEIS-JONES	PRES, CFO, ME SOLARIS HEAL	40.00	Highest	$222,259	$9,010	$231,269
PATRICIA DELRIO	PRES, CFO, ME SOLARIS HEAL	40.00	Highest	$211,788	$10,333	$222,121
JENNIFER IAVARONE	PRES, CFO, ME SOLARIS HEAL	40.00	Highest	$198,695	$18,469	$217,164
LINDA WINTERS	PRES, CFO, ME SOLARIS HEAL	40.00	Highest	$213,657	$9,009	$222,666
COREY BENNICI	PRES, CFO, ME SOLARIS HEAL	40.00	Highest	$203,632	$10,333	$213,965
ASHLEY PARKER	PRES, CFO, ME SOLARIS HEAL	40.00	Highest	$231,276	$9,009	$240,285
BOB PATE	PRES, CFO, ME SOLARIS HEAL	40.00	Highest	$215,662	$18,765	$234,427

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	$215,583,958	$210,862,246	$80,830,272	$4,721,712
2023	$212,128,052	$213,310,714	$93,545,812	$-1,182,662
2022	$224,921,900	$234,532,723	$125,769,830	$-9,610,823
2021	$263,013,107	$265,644,704	$56,620,207	$-2,631,597
2020	$263,189,227	$258,400,302	$97,668,783	$4,788,925
2019	$261,729,289	$264,198,376	$79,024,482	$-2,469,087
2018	$249,208,678	$243,670,819	$75,345,900	$5,537,859
2017	$222,799,564	$216,783,799	$63,692,793	$6,015,765

SOLARIS FOUNDATION INC