SOAR INITIATIVE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

Angela Hopson

Tax Period

2024-01-01 to 2024-12-31

SOAR INITIATIVE INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $227K in total revenue in fiscal year 2024. Expenses of $254K exceeded revenue, resulting in a 12% operating deficit.

Mission

Foster programs and assistance with daily living to persons experiencing medical issues homelessness or domestic violence. In 2024 we did 2,000 outreach visits and saw on average 15 pets people per visit. We had a minimum of 500 visits to our building for supportive visits supplies and training and vaccinated over 500 animals. We spayed and neutered provided support for vet visits and provided foster care. We averaged 50 animals in our care during 2024.

Program Service Accomplishments

Program 1

Expenses: $237,293 Revenue: $0

The goal is to assist persons experiencing medical crisis homelessness and domestic violence access the services they need and remain with their pets.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $226,577

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $226,577

Expense Breakdown

Grants Paid $82,896

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $237,293

Other Expenses $171,604

TOTAL EXPENSES $254,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$226,577	$226,577	N/A
Expenses	$254,500	$254,500	N/A
Net Income	$-27,923	$-27,923	N/A

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Mary Gamache	Board Member	2.00	Director	$0	$0	$0
Jennifer King	Board Member	0.00	Director	$0	$0	$0
Fletcher White	Board Member	0.00	Director	$0	$0	$0
Samantha Grimes	Board Member	1.00	Director	$0	$0	$0
Holly Irwin	Board Member	1.00	Director	$0	$0	$0
Angela Hopson	Executive Director	80.00	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
2024	$226,577	$254,500	$267,504	$-27,923
2023	$277,906	$272,785	$284,128	$5,121
2020	$263,658	$229,801	$344,125	$33,857