SOUL CARE LIFE SERVICES INC (EIN 823749050) - 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

Formation Year

2017

Legal Domicile

Principal Officer

CYNTHIA ADAMS

Phone

4122146901

Tax Period

2024-01-01 to 2024-12-31

SOUL CARE LIFE SERVICES INC, founded in 2017, is a community nonprofit in the Mental Health sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 4% surplus.

Mission

TO PROVIDE RESIDENTIAL CARE FOR ADULTS WITH INTELLECTUAL DISABILITIES AND/OR AUTISM.

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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 $0

Program Service Revenue $1,121,095

Investment Income $0

Other Revenue $4,263

TOTAL REVENUE $1,125,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $805,743

Fundraising Expenses $155

Program Expenses $1,081,440

Other Expenses $277,052

TOTAL EXPENSES $1,082,795

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,125,358	$1,152,322	0.0%
Expenses	$1,082,795	$1,254,886	-0.1%
Net Income	$42,563	$-102,564	-1.4%

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

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

$300,000

Total Directors

$300,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA ADAMS	EXECUTIVE DI	40.00	Officer Director	$105,000	$0	$105,000
JAN E ADAMS	PROGRAM SPEC	40.00	Officer Director	$105,000	$0	$105,000
RYAN ADAMS	FINANCE/PROP	40.00	Officer Director	$90,000	$0	$90,000
JAMES TUCKER	PRESIDENT	2.00	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	$1,125,358	$1,082,795	$222,941	$42,563
2023	$1,152,322	$1,254,886	$180,446	$-102,564
2022	$1,212,484	$1,141,197	$283,360	$71,287
2021	$1,073,408	$873,485	$263,695	$199,923
2020	$683,183	$519,378	$120,810	$163,805
2019	$283,478	$321,004	$18,938	$-37,526

SOUL CARE LIFE SERVICES INC