Sol Nation Inc

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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

Phone

7049779040

Tax Period

2024-01-01 to 2024-12-31

Sol Nation Inc, founded in 2017, is a small nonprofit in the Environment sector that reported $471K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $403K left a modest 14% surplus.

Mission

To close the Green Gap and placing people at the core of environmental justice work. Believe communities should own their climate justice solution and integrate strategies to impact local social and environmental issues.

Program Service Accomplishments

Program 1

Expenses: $188,830 Revenue: $0

Environmental Justice Is - Sol Nations flagship initiative to tell stories of issues, resilence, and solutions to connect the environmental and social justice movements. The organization produced 3 Sol Studies and one mini documentary on Black Womens Health and Transporation Equity. They hosted a collaborative statewide convening on transportation. Hosted a local summit on environmental justice.

Program 2

Expenses: $31,472 Revenue: $0

Sol Tech Academy - The Sol Tech Academy Initiative is a program aimed at introducing technology to individuals from historically marginalized communities, with a focus on climate justice.

Program 3

Expenses: $94,415 Revenue: $0

Green Gap - This program is focused on addressing the Green Gap which is defined as the disparity between BIPOC communities desire for sustainable communities and their access to the necessary...

Green Gap - This program is focused on addressing the Green Gap which is defined as the disparity between BIPOC communities desire for sustainable communities and their access to the necessary resources and power.

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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 $457,322

Program Service Revenue $0

Investment Income $13,925

Other Revenue $0

TOTAL REVENUE $471,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,801

Fundraising Expenses $24,233

Program Expenses $314,717

Other Expenses $296,151

TOTAL EXPENSES $402,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$471,247	$821,565	-0.4%
Expenses	$402,952	$498,825	-0.2%
Net Income	$68,295	$322,740	-0.8%

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

$103,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristie Puckett Williams	Board Chair	1.00	Director	$0	$0	$0
Alana Bennett	Board Member	1.00	Director	$0	$0	$0
Tiffany Fant	Executive Director	35.00	Officer	$103,833	$0	$103,833

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	$471,247	$402,952	$720,138	$68,295
2023	$821,565	$498,825	$709,227	$322,740
2022	$483,297	$236,230	$891,359	$247,067
2022	No data	No data	No data	No data
2021	$200,743	$190,959	$487,234	$9,784