ECO-SOAP BANK (EIN 474024469) - 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

2015

Legal Domicile

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 RECYCLES LEFTOVER SOAP AND PROVIDES IT TO CHILDREN IN SCHOOLS, HEALTH CLINICS, AND COMMUNITIES ALONG WITH HYGIENE EDUCATION IN AN EFFORT TO RDUCE DISEASE AND SAVE LIVES.

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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 $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

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

$81,960

Total Directors

$81,960

Key Employees

Highest Compensated

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

ECO-SOAP BANK