Solid Foundation Generation Inc (EIN 824267265) - 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

2018

Legal Domicile

Principal Officer

Galina Lozitsky

Phone

4402126421

Tax Period

2023-01-01 to 2023-12-31

Solid Foundation Generation Inc, founded in 2018, is a small nonprofit in the Religion sector that reported $402K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

Solid Foundation Generation is an organization specifically built to raise God fearing, doctrine knowing, and love giving generations. Most of our ministry is focused mainly on young members of the growing church. We do everything in our ability to raise the younger generation into the next leaders of our churches. Methods such as quarterly prayers, conferences, bible school, and mission trips are being used to accomplish our mission.

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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 $184,079

Program Service Revenue $217,793

Investment Income $6

Other Revenue $175

TOTAL REVENUE $402,053

Expense Breakdown

Grants Paid $217,008

Salaries & Benefits $0

Fundraising Expenses $2,808

Program Expenses $404,456

Other Expenses $199,250

TOTAL EXPENSES $416,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$402,053	$339,658	+0.2%
Expenses	$416,258	$356,435	+0.2%
Net Income	$-14,205	$-16,777	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vitaliy Tkach	President & CEO	8.00	Officer	$0	$0	$0
Galina Lozitsky	Treasurer	4.00	Officer	$0	$0	$0
Alena Tkach	Secretary	3.00	Officer	$0	$0	$0
Vasiliy Lavrishin	Director	1.00	Officer	$0	$0	$0
Igor Kovalishin	Director	6.00	Officer	$0	$0	$0
Yaroslav Shostak	Director	4.00	Officer	$0	$0	$0
Anatoliy Puts	Director	2.00	Officer	$0	$0	$0
Arkadiy Olesh	Director	1.00	Officer	$0	$0	$0
Aleksandr Meleshchuk	Director	1.00	Officer	$0	$0	$0
Timur Ablaev	Director	1.00	Officer	$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	$402,053	$416,258	$67,997	$-14,205
2022	$339,658	$356,435	$100,933	$-16,777
2021	$245,128	$246,335	$117,708	$-1,207

Solid Foundation Generation Inc