SOAT INC (EIN 581587426) - 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

1984

Legal Domicile

Principal Officer

GERALD EICKHOFF

Phone

6783302000

Tax Period

2024-01-01 to 2024-12-31

SOAT INC, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $607K in total revenue in fiscal year 2024. Expenses of $528K left a modest 13% surplus.

Mission

PROVIDE ELDERLY AFFORDABLE HOUSING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $601,185

Investment Income $4,708

Other Revenue $1,513

TOTAL REVENUE $607,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,646

Fundraising Expenses $0

Program Expenses $463,225

Other Expenses $409,512

TOTAL EXPENSES $528,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$607,406	$579,732	+0.0%
Expenses	$528,158	$509,590	+0.0%
Net Income	$79,248	$70,142	+0.1%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD EICKHOFF	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOSEPH F GLENN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ELIZABETH C GLENN	TREASURER/SECRETARY	0.50	Officer Director	$0	$0	$0
EARLEEN ABERTNATHY	ASSISTANT SECRETARY/ VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ROBERT L REINHART	DIRECTOR	0.50	Director	$0	$0	$0
KIM DELACEY	DIRECTOR	0.50	Director	$0	$0	$0
LARRY GAY REAGIN	DIRECTOR	0.50	Director	$0	$0	$0
REBECCA BUMM	DIRECTOR	0.50	Director	$0	$0	$0
BARRY BUMM	DIRECTOR	0.50	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	$607,406	$528,158	$552,452	$79,248
2023	$579,732	$509,590	$543,557	$70,142
2022	$556,558	$487,375	$542,768	$69,183
2021	$550,867	$527,433	$544,721	$23,434
2020	$541,234	$494,477	$559,440	$46,757
2019	$533,725	$500,851	$584,751	$32,874
2018	$521,072	$506,225	$578,065	$14,847

SOAT INC