SOULARDARITY (EIN 472733535) - 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

Shimekia Nichols

Phone

3133491063

Tax Period

2023-01-01 to 2023-12-31

SOULARDARITY, founded in 2012, is a small nonprofit in the Environment sector that reported $568K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $953K exceeded revenue, resulting in a 68% operating deficit.

Mission

Soulardarity is working to install solar-powered streetlights, save money on energy bills, and work together with Highland Park, MI and neighboring communities to build a just and equitable energy system for all. Soulardarity endeavors to achieve this goal through education, organizing, and people-powered clean energy.

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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 (2023)

Revenue Breakdown

Contributions & Grants $568,177

Program Service Revenue $0

Investment Income $263

Other Revenue $0

TOTAL REVENUE $568,440

Expense Breakdown

Grants Paid $7,833

Salaries & Benefits $329,966

Fundraising Expenses $0

Program Expenses $953,160

Other Expenses $615,361

TOTAL EXPENSES $953,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$568,440	$1,270,326	-0.6%
Expenses	$953,160	$925,242	+0.0%
Net Income	$-384,720	$345,084	-2.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

$68,896

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shimekia Nichols	Executive Director	40	Key Emp	$68,896	$0	$68,896
Stacye Jones	Director	2	Director	$0	$0	$0
Michelle F Jones	Director	2	Director	$0	$0	$0
Kimberly McDade	Director	2	Director	$0	$0	$0
Jeana Tall	Treasurer	2	Director	$0	$0	$0
Camille Sippel	Secretary	2	Director	$0	$0	$0
Nancy Gambrill	Vice President	2	Director	$0	$0	$0
Kenneth Bates	President	2	Officer	$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	No data	No data	No data	No data
2023	$568,440	$953,160	$522,036	$-384,720
2022	$1,270,326	$925,242	$907,274	$345,084
2021	$318,657	$425,622	$466,751	$-106,965
2020	$739,376	$520,474	$404,943	$218,902
2019	$331,793	$296,977	$174,431	$34,816
2018	$322,392	$318,425	$142,217	$3,967

SOULARDARITY