SOCAYR INC (EIN 611352670) - 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

2001

Legal Domicile

Principal Officer

TRAVIS YATES

Phone

5026389600

Tax Period

2023-01-01 to 2023-12-31

SOCAYR INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $6.2M in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Net assets of $16.8M represent 32 months of operating reserves.

Mission

THE ORGANIZATION HAS BEEN ESTABLISHED TO FOSTER THE EMPOWERMENT OF 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 (2023)

Revenue Breakdown

Contributions & Grants $956,368

Program Service Revenue $4,958,115

Investment Income $126,751

Other Revenue $174,940

TOTAL REVENUE $6,216,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,533,375

Fundraising Expenses $0

Program Expenses $6,295,984

Other Expenses $5,029,865

TOTAL EXPENSES $6,563,240

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,216,174	$13,451,969	-0.5%
Expenses	$6,563,240	$9,880,046	-0.3%
Net Income	$-347,066	$3,571,923	-1.1%

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

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
JILL IRLE	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS YATES	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRANDIE BRYAN-FRANKFORTHER	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER REDMON	SECRETARY	1.00	Officer Director	$0	$0	$0
NATALIE HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
DR NATH'L MOORE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT VICE JR	DIRECTOR	1.00	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	$6,216,174	$6,563,240	$41,007,799	$-347,066
2022	$13,451,969	$9,880,046	$41,734,028	$3,571,923
2021	$6,749,829	$5,455,379	$34,945,508	$1,294,450
2020	$4,514,024	$4,109,152	$32,643,506	$404,872
2019	$3,901,859	$3,966,356	$33,027,205	$-64,497

SOCAYR INC