SOLACE FOR THE CHILDREN INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $1,500,000

WHILE HUNDREDS OF MEDICAL SURGERIES AND PROCEDURES HAVE BEEN COMPLETED, MANY SAVING LIVES AND ALL IMPROVING QUALITY OF LIFE, COMMUNITIES IN AMERICA AND AFGHANISTAN SEE ANOTHER IMPORTANT ADVANTAGE...

WHILE HUNDREDS OF MEDICAL SURGERIES AND PROCEDURES HAVE BEEN COMPLETED, MANY SAVING LIVES AND ALL IMPROVING QUALITY OF LIFE, COMMUNITIES IN AMERICA AND AFGHANISTAN SEE ANOTHER IMPORTANT ADVANTAGE CHANGED RELATIONSHIPS AND ATTITUDES. AS SOLACE HELPS TO HEAL THE BODIES OF CHILDREN, WE ARE ALSO NURTURING THE CHILDREN; LEARNING WITH EACH CHILD WHAT IT MEANS TO LIVE ALL YOUR LIFE IN A WAR TORN COUNTRY; LEARNING THAT EACH CHILD HAS MUCH TO TEACH US. WE ARE CONNECTING WITH AFGHAN FAMILIES AND BREAKING DOWN BARRIERS OF MISTRUST AND MISUNDERSTANDING. A LONG HISTORY OF WAR HAS ALSO CREATED DIVISION AMONG THE PEOPLE OF AFGHANISTAN. AS AFGHAN CHILDREN COME TOGETHER FOR TREATMENT, THEY SPEND TIME TOGETHER IN RELATIONSHIP. MORE BARRIERS ARE TORN DOWN. AS SOLACE PARTICIPANTS COME TOGETHER TO NURTURE, HEAL, LEARN AND GROW, WE ARE BUILDING PEACE ON A FOUNDATION OF HEALTH.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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