SOLACE FOR THE CHILDREN INC

EIN: 562078031 501(c)(3)

MOORESVILLE, NC

Total Revenue
$1,500,000
Total Expenses
$1,500,000
Total Assets
$99,122
Net Assets
$99,122
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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
1998
Legal Domicile
NC
Principal Officer
ADAM BOATSMAN
Tax Period
2018-01-01 to 2018-12-31

SOLACE FOR THE CHILDREN INC, founded in 1998, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year.

Mission

SOLACE FOR THE CHILDREN IS BUILDING PEACE ON A FOUNDATION OF HEALTH BY ESTABLISHING INTERNATIONAL PARTNERSHIPS PROVIDING MEDICAL CARE, EDUCATION AND LEADERSHIP DEVELOPMENT FOR THE CHILDREN OF WAR-TORN COUNTRIES. CURRENTLY WE DIRECT OUR SERVICES TO THE CHILDREN OF AFGHANISTAN.

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,500,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,500,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,500,000
Other Expenses $1,500,000
TOTAL EXPENSES $1,500,000

Year-over-Year Comparison

2018 2017 Change
Revenue $1,500,000 $1,597,176 -0.1%
Expenses $1,500,000 $1,630,652 -0.1%
Net Income $0 $-33,476 -1.0%
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
5
Independent Members
5
Employees
2
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM BOATSMAN PRESIDENT/SE 20.00
Officer Director
$0 $0 $0
DICK WILSON DIRECTOR 10.00
Director
$0 $0 $0
OMAR EHRARI INTL DIRECTO 20.00
Director
$0 $0 $0
PATSY WILSON EXECUTIVE DI 30.00
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
2018 $1,500,000 $1,500,000 $99,122 No data
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