FRIENDS OF SOLAR PREP

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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

2016

Legal Domicile

Principal Officer

JAY FENLAW

Phone

2149353707

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF SOLAR PREP, founded in 2016, is a small nonprofit in the Education sector that reported $387K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $72K, a strong 19% operating margin.

Mission

FRIENDS OF SOLAR IS A NON-PROFIT ORGANIZATION THAT SUPPORTS THE SOLAR PREPARATORY SCHOOLS FOR GIRLS AND BOYS. THE SCHOOLS ARE CHALLENGING, NURTURING AND INCLUSIVE PERFORMANCE-BASED LEARNING ENVIRONMENTS. FRIENDS OF SOLAR WORKS TO BOLSTER SOLAR PREP STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, MATH).

Program Service Accomplishments

Program 1

Expenses: $276,168

FRIENDS OF SOLAR PREP HAS CONTRIBUTED SIGNIFICANTLY TO THE BOYS AND GIRLS SCHOOLS THROUGH THE DONATION OF LIBRARY BOOKS, ROBOTICS, A PLAYGROUND, 3-D PRINTERS, TEACHER EDUCATION, COMMUNITY ENGAGEMENT, AND OTHER MAKER SPACE ITEMS (COMPONENT OF STEAM EDUCATION). THE THREE LARGEST EXPENSES WERE LIBRARY BOOKS FOR THE BOYS SCHOOL, STEAM EDUCATION SUPPLIES (EX: ROBOTICS), AND STEAM EDUCATION SOFTWARE.

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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 $376,331

Program Service Revenue $0

Investment Income $10,559

Other Revenue $0

TOTAL REVENUE $386,890

Expense Breakdown

Grants Paid $276,168

Salaries & Benefits $0

Fundraising Expenses $8,984

Program Expenses $276,168

Other Expenses $39,123

TOTAL EXPENSES $315,291

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,890	$358,062	+0.1%
Expenses	$315,291	$238,405	+0.3%
Net Income	$71,599	$119,657	-0.4%

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

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
MIMI STERLING	CHAIRMAN	0.50	Officer Director	$0	$0	$0
LAUREN MCKINNON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JAY FENLAW	TREASURER	1.50	Officer Director	$0	$0	$0
JILL IBISON	SECRETARY	0.50	Officer Director	$0	$0	$0
BILL DURHAM	MEMBER	0.50	Officer Director	$0	$0	$0
CHARLES BRANT	MEMBER	0.50	Director	$0	$0	$0
CHEZ UZOH	MEMBER	0.50	Director	$0	$0	$0
FERNANDO SALAZAR	MEMBER	0.50	Director	$0	$0	$0
KEENAN DELANEY	MEMBER	0.50	Director	$0	$0	$0
YESENIA MENDEZ	MEMBER	0.50	Director	$0	$0	$0
ELSA MANZANARES	MEMBER	0.50	Director	$0	$0	$0
SHELLE CARRIG	MEMBER	0.50	Director	$0	$0	$0
CAMERON HERNHOLM	MEMBER	0.50	Director	$0	$0	$0
MIKE COVERT	MEMBER	0.50	Director	$0	$0	$0
LAUREN BERRY	MEMBER	0.50	Director	$0	$0	$0
BEN MAGILL	MEMBER	0.50	Director	$0	$0	$0
EMMA HAUGH	MEMBER	0.50	Director	$0	$0	$0
CHRIS TURNER	MEMBER	0.50	Director	$0	$0	$0
BIANCA BOUTELL	MEMBER	0.50	Director	$0	$0	$0
MONICA LIRA BRAVO	MEMBER	0.50	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	$386,890	$315,291	$737,820	$71,599
2022	$358,062	$238,405	$615,750	$119,657
2021	$342,558	$167,381	$508,170	$175,177
2020	$172,108	$287,403	$320,890	$-115,295
2019	$361,636	$126,508	$436,185	$235,128
2018	$244,727	$68,157	$226,155	$176,570