SOULTEAM INC (EIN 460483072) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

SAMUEL PRESLEY

Phone

9185102496

Tax Period

2024-01-01 to 2024-12-31

SOULTEAM INC, founded in 2004, is a small nonprofit in the Religion sector that reported $148K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $200K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO TRAIN, EQUIP, AND MOBILIZE YOUTH AND YOUNG ADULTS VIA SHORT-TERM FOREIGN MISSION TRIPS TO MEET THE PHYSICAL AND SPIRITUAL NEEDS OF THE POOR, ISOLATED, AND UNREACHED. OFTEN VENTURING INTO THE MORE REMOTE AREAS OF THE WORLD, SOULTEAM MEDICAL TEAMS PARTNER WITH LOCAL CHURCHES AND NON-PROFIT ORGANIZATIONS TO BRING MEDICAL AND VISION CARE TO PEOPLE WHO HAVE NONE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $192,180

Program Service Revenue $0

Investment Income $0

Other Revenue $-44,238

TOTAL REVENUE $147,942

Expense Breakdown

Grants Paid $16,050

Salaries & Benefits $70,400

Fundraising Expenses $78,365

Program Expenses $119,232

Other Expenses $113,900

TOTAL EXPENSES $200,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,942	$214,868	-0.3%
Expenses	$200,350	$175,537	+0.1%
Net Income	$-52,408	$39,331	-2.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$70,400

Total Directors

$70,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL PRESLEY	PRESIDENT	20.00	Officer Director	$0	$70,400	$70,400
LYDIA PRESLEY	TREASURER	30.00	Officer Director	$0	$0	$0
CORY PRESLEY	VICE PRESIDENT/SECRETARY	7.00	Officer Director	$0	$0	$0
DANIEL BRIGHT	BOARD MEMBER	10.00	Director	$0	$0	$0
MICHAEL OWEN	BOARD MEMBER	5.00	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	$147,942	$200,350	$383,706	$-52,408
2023	$214,868	$175,537	$443,835	$39,331
2022	$149,910	$94,616	$412,987	$55,294
2021	$244,241	$149,070	$228,360	$95,171

SOULTEAM INC