SOULS HARBOR INC (EIN 751190109) - 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

1956

Legal Domicile

Principal Officer

BRENT BURMASTER

Phone

9722861940

Tax Period

2023-01-01 to 2023-12-31

SOULS HARBOR INC, founded in 1956, is a small nonprofit in the Housing & Shelter sector that reported $980K in total revenue in fiscal year 2023. Expenses of $888K left a modest 9% surplus.

Mission

HOUSING AND REHABILITATION TO ASSIST INDIGENT, HOMELESS, LOCAL OR TRANSIENT MEN WHOSE BASIC PROBLEM IS ALCOHOL.

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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 $177,827

Program Service Revenue $52,617

Investment Income $5,211

Other Revenue $744,779

TOTAL REVENUE $980,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,655

Fundraising Expenses $0

Program Expenses $847,808

Other Expenses $753,159

TOTAL EXPENSES $887,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$980,434	$912,890	+0.1%
Expenses	$887,814	$1,617,053	-0.5%
Net Income	$92,620	$-704,163	-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

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

$62,000

Total Directors

$62,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT BURMASTER	EXECUTIVE DIRECTOR	40.00	Officer Director Highest	$62,000	$0	$62,000
DAVID STEPHENSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE WARRINER	TREASURER	1.00	Officer Director	$0	$0	$0
KIM LOCKWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK HIGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN HIGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DYLAN MAHIPALK	BOARD MEMBER	1.00	Director	$0	$0	$0
GERMAINE GASPARD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MUNSON	BOARD MEMBER	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	$980,434	$887,814	$1,396,205	$92,620
2022	$912,890	$1,617,053	$1,474,697	$-704,163
2021	$944,118	$838,843	$1,457,506	$105,275
2020	$836,386	$775,312	$1,431,687	$61,074
2019	$784,524	$720,483	$1,054,894	$64,041
2018	$737,715	$753,659	$957,622	$-15,944

SOULS HARBOR INC