ECO-SOAP BANK

EIN: 474024469 501(c)(3) Health Care

PITTSBURGH, PA

Total Revenue
$2,029,202
Total Expenses
$1,620,949
Total Assets
$1,645,198
Net Assets
$1,631,801
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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
2015
Legal Domicile
PA
Principal Officer
SAMIR LAKHANI
Phone
6107623265
Tax Period
2023-01-01 to 2023-12-31

ECO-SOAP BANK, founded in 2015, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2023. The organization ran a surplus of $408K, a strong 20% operating margin.

Mission

ECO-SOAP BANK IS COMMITTED TO SAVING, SANITIZING, AND SUPPLYING RECYCLED SOAP TO THE DEVELOPING WORLD.

Program Service Accomplishments

Program 1
Expenses: $1,214,392 Revenue: $618,290

RECYCLING SOAP AND REDISTRIBUTION: ECO-SOAP BANK WORKS WITH WOMEN TO START AND OPERATE SOAP-RECYCLING INITIATIVES TO RECYCLE LEFTOVER SOAP AND REDISTRIBUTE IT TO IMPOVERISHED ADULTS AND CHILDREN IN...

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RECYCLING SOAP AND REDISTRIBUTION: ECO-SOAP BANK WORKS WITH WOMEN TO START AND OPERATE SOAP-RECYCLING INITIATIVES TO RECYCLE LEFTOVER SOAP AND REDISTRIBUTE IT TO IMPOVERISHED ADULTS AND CHILDREN IN SCHOOLS, HOSPITALS, HEALTH CLINICS, AND SOCIAL CENTERS. THIS PROGRAM HAS REACHED OVER 4 MILLION PLUS PEOPLE WITH SOAP AND HYGIENE EDUCATION.

Program 2
Expenses: $174,760

PROVIDING INKIND SOAP DONATIONS: ECO-SOAP BANK IS THE RECIPIENT OF INKIND DONATION WHICH ARE REDIRECTED TO SCHOOLS, HOSPITALS, HEALTH CLINICS, AND SOCIAL CENTERS. WE PROVIDE THESE NECESSARY PRODUCTS...

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PROVIDING INKIND SOAP DONATIONS: ECO-SOAP BANK IS THE RECIPIENT OF INKIND DONATION WHICH ARE REDIRECTED TO SCHOOLS, HOSPITALS, HEALTH CLINICS, AND SOCIAL CENTERS. WE PROVIDE THESE NECESSARY PRODUCTS TO HELP REDUCE DISEASE AND RESTORE DIGINITY TO THE WORLD'S MOST IMPOVERISHED.

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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 $1,402,791
Program Service Revenue $618,290
Investment Income $8,121
Other Revenue $0
TOTAL REVENUE $2,029,202

Expense Breakdown

Grants Paid $578,921
Salaries & Benefits $166,296
Fundraising Expenses $23,859
Program Expenses $1,389,152
Other Expenses $875,732
TOTAL EXPENSES $1,620,949

Year-over-Year Comparison

2023 2022 Change
Revenue $2,029,202 $2,069,877 0.0%
Expenses $1,620,949 $1,518,655 +0.1%
Net Income $408,253 $551,222 -0.3%
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
10
Independent Members
9
Employees
3
Volunteers
9

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
6
$81,960
Total Directors
10
$81,960
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMIR LAKHANI EXECUTIVE DI 40.00
Officer Director
$81,960 $0 $81,960
PAUL GRINVALDS JOINED 112023 SAFEGUARDING 5.00
Officer Director
$0 $0 $0
SHAGUN AHLUWALIA BOARD CHAIR 5.00
Officer Director
$0 $0 $0
LIZ CHUK BOARD MEMBER 5.00
Director
$0 $0 $0
KAREEM IDREES BOARD MEMBER 5.00
Director
$0 $0 $0
CINTA PUTRA BOARD VICE-C 5.00
Officer Director
$0 $0 $0
STEVE URICH BOARD MEMBER 5.00
Director
$0 $0 $0
ANDREW VALSAMAKI TREASURER 5.00
Officer Director
$0 $0 $0
CARA WALKER LEGAL CHAIR 5.00
Officer Director
$0 $0 $0
JASMINE ZOU 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 No data No data No data No data
2023 $2,029,202 $1,620,949 $1,645,198 $408,253
2023 $2,029,202 $1,620,949 $1,645,198 $408,253
2022 $2,069,877 $1,518,655 $1,212,227 $551,222
2022 $2,069,877 $1,518,655 $1,212,227 $551,222
2021 $1,045,465 $1,099,408 $678,235 $-53,943
2020 $1,270,911 $633,551 $732,178 $637,360
2019 $301,383 $319,928 $94,843 $-18,545
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