SOLOMONS PORCH 2 BENEFIT

EIN: 821861578 501(c)(3)

CHICAGO, IL

Total Revenue
$277,939
Total Expenses
$425
Total Assets
$331,096
Net Assets
$331,096
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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
2017
Legal Domicile
IL
Principal Officer
RICHARD L SCHULER
Phone
7087676831
Tax Period
2018-01-01 to 2018-12-31

SOLOMONS PORCH 2 BENEFIT, founded in 2017, is a small nonprofit that reported $278K in total revenue in fiscal year 2018. The organization ran a surplus of $278K, a strong 100% operating margin.

Mission

EMPOWER YOUTH, YOUNG ADULTS AND PERSONS WITH DISABILITIES THROUGH FOSTERING AND SUPPORTING INITIATIVES THAT CLARIFY SELF-AWARENESS, CULTIVATE MISSIONAL PURPOSE, FACILITATE SKILLS DEVELOPEMNT, AND PREPARE THESE EMERGING LEADERS FOR LIFE'S GREAT CHALLENGES AND OPPORTUNITIES.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $277,087
Program Service Revenue $0
Investment Income $852
Other Revenue $0
TOTAL REVENUE $277,939

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100
Other Expenses $425
TOTAL EXPENSES $425

Year-over-Year Comparison

2018 2017 Change
Revenue $277,939 N/A N/A
Expenses $425 N/A N/A
Net Income $277,514 N/A N/A
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD L SCHULER President 5.00
Director
$0 $0 $0
DENNIS SUDA Vice President 5.00
Director
$0 $0 $0
MEGAN CZUB Secretary 5.00
Director
$0 $0 $0
CONNIE CALVIN Treasurer 5.00
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
2018 $277,939 $425 $331,096 $277,514
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