SONSHINE PATCH INC (EIN 742405338) - 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

1986

Legal Domicile

Principal Officer

CHERYL NIEHOFF

Phone

9702495152

Tax Period

2024-01-01 to 2024-12-31

SONSHINE PATCH INC, founded in 1986, is a small nonprofit in the Education sector that reported $451K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $101K, a strong 22% operating margin.

Mission

TO PROVIDE CHRISTIAN BASED PRESCHOOL ACTIVITY

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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 $15,267

Program Service Revenue $434,542

Investment Income $1,251

Other Revenue $0

TOTAL REVENUE $451,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,012

Fundraising Expenses $0

Program Expenses $349,598

Other Expenses $61,586

TOTAL EXPENSES $349,598

Year-over-Year Comparison

	2024	2023	Change
Revenue	$451,060	$317,450	+0.4%
Expenses	$349,598	$234,529	+0.5%
Net Income	$101,462	$82,921	+0.2%

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

Total Directors

$56,729

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAISY CHELL	DIRECTOR	050.00	Director Highest	$56,729	$0	$56,729
ANNE TURNER	BOARD PRESIDENT	000.50	Officer	$0	$0	$0
MOLLI YORCHAK	VICE PRESIDENT	000.50	Officer	$0	$0	$0
CHERYL NIEHOFF	TREASURER	000.50	Officer	$0	$0	$0
DOMINIQUE MARTINEZ	SECRETARY	000.50	Officer	$0	$0	$0
JAMES STETSON	ELDER LIAISON	000.50	Officer	$0	$0	$0
GARRETT WALKER	BOARD MEMBER	000.50	Officer	$0	$0	$0
SHIELA SULLIVAN	BOARD MEMBER	000.50	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
2024	$451,060	$349,598	$227,295	$101,462
2023	$317,450	$234,529	$111,809	$82,921
2022	$249,974	$263,369	$40,577	$-13,395
2021	$261,918	$219,637	$60,174	$42,281
2020	$206,646	$216,728	$53,262	$-10,082

SONSHINE PATCH INC