SOLHEALTH CORP (EIN 812754148) - 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

Legal Domicile

Principal Officer

DAVID RUTSTEIN

Phone

2028348817

Tax Period

2024-01-01 to 2024-12-31

SOLHEALTH CORP is a small nonprofit in the Health Care sector that reported $200K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $246K exceeded revenue, resulting in a 24% operating deficit.

Mission

ASSIST ORGANIZATIONS TO IMPLEMENT SERVICES USING BEST EVIDENCE-BASED MODALITIES THAT PROMOTE HEALTH AND PREVENT DISEASE.

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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 $199,573

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $199,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,300

Fundraising Expenses $18,486

Program Expenses $179,683

Other Expenses $209,195

TOTAL EXPENSES $246,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$199,573	$262,806	-0.2%
Expenses	$246,495	$308,844	-0.2%
Net Income	$-46,922	$-46,038	+0.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BULSON	DIRECTOR	1.00	Director	$0	$0	$0
MAY FARID	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS HENCK	TREASURER	4.00	Officer Director	$0	$0	$0
GRANT KVALHEIM	DIRECTOR	1.00	Director	$0	$0	$0
NIMA MASROORI	DIRECTOR	1.00	Director	$0	$0	$0
BAHIA MITCHELL	SECRETARY	4.00	Officer Director	$0	$0	$0
MICHAEL O'LEARY	DIRECTOR	1.00	Director	$0	$0	$0
AMIN PAKZAD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS RUSH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RUTSTEIN	PRESIDENT	4.00	Officer Director	$0	$0	$0
ARIANE SABET	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	$199,573	$246,495	$104,458	$-46,922
2023	$262,806	$308,844	$151,380	$-46,038
2022	$272,329	$234,715	$197,418	$37,614
2021	$207,655	$192,109	$159,804	$15,546
2019	$90,518	$235,657	$301,381	$-145,139
2018	$433,748	$26,748	$446,520	$407,000

SOLHEALTH CORP