Souled Out International Inc

EIN: 471634558 501(c)(3) Religion

Colorado Springs, CO

Total Revenue
$5,260
Total Expenses
$2,775
Total Assets
$4,364
Net Assets
$4,364
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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
2014
Legal Domicile
CO
Principal Officer
Mary Ercoli
Phone
5059170093
Tax Period
2023-01-01 to 2023-12-31

Souled Out International Inc, founded in 2014, is a micro nonprofit in the Religion sector that reported $5K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2K, a strong 47% operating margin.

Mission

Training Christians to share their faith.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,260
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,260

Expense Breakdown

Grants Paid $0
Salaries & Benefits $538
Fundraising Expenses $0
Program Expenses $79
Other Expenses $2,237
TOTAL EXPENSES $2,775

Year-over-Year Comparison

2023 2022 Change
Revenue $5,260 $18,620 -0.7%
Expenses $2,775 $39,120 -0.9%
Net Income $2,485 $-20,500 -1.1%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
1
Volunteers
10

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
0
$0
Total Directors
2
$500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joshua Ercoli President, Director 3.00
Director
$500 $0 $500
Mary Ercoli Sec/Treasurer, Director 3.00
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
2023 $5,260 $2,775 $4,364 $2,485
2022 $18,620 $39,120 $1,778 $-20,500
2021 $21,763 $9,544 No data $12,219
2020 $44,208 $13,303 $43,610 $30,905
2019 $83,930 $81,062 $107,740 $2,868
2018 $112,071 $74,822 $152,872 $37,249
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