Grapevine, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOLACE CHARITIES INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $299K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $330K exceeded revenue, resulting in a 10% operating deficit.
Solace Charities aims to raise awareness and mobilize financial resources for the work carried out by Solace, a voluntary organization headquartered in Thrissur, India. Solace provides financial, medical, moral and social support for families with kids suffering from terminal illness, with the support of benevolent individuals and corporations around the world. Solace extends support to get the best available medical treatment for the suffering child in tandem with the medical fraternity. We provide children with life-saving medicines on a monthly basis and provide for traveling and stay to take the child to hospital for treatment. Solace organizes regular home care visits by a group of dedicated volunteers that makes them feel that they are not alone. For cancer patients, we also provide funds for chemotherapy, radiation therapy, and so on.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $299,128 | $223,798 | +0.3% |
| Expenses | $329,851 | $163,558 | +1.0% |
| Net Income | $-30,723 | $60,240 | -1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Padmapriya Palottu | Director | 1 |
Director
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$0 | $0 | $0 |
| Remi Ramnadh | Director | 1 |
Director
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$0 | $0 | $0 |
| Sindhu Nair | Director | 1 |
Director
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$0 | $0 | $0 |
| Priya Menon | Director | 1 |
Director
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$0 | $0 | $0 |
| Agnal Kokkatt | Director | 1 |
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$0 | $0 | $0 |
| Dheeraj Prasad | Director | 1 |
Director
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$0 | $0 | $0 |
| Supriya Viswanathan | President | 2 |
Director
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$0 | $0 | $0 |
| Asif Ismail | Director | 1 |
Director
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$0 | $0 | $0 |
| Nirar Kunnath Basheer | Director | 1 |
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$0 | $0 | $0 |
| Roy Jose | Director | 1 |
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$0 | $0 | $0 |
| Santhosh Nair | Director | 1 |
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$0 | $0 | $0 |
| Shibu Baby | Director | 1 |
Director
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$0 | $0 | $0 |
| Gunjan Utreja | Secretary | 2 |
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$0 | $0 | $0 |
| Liju Antony | Treasurer | 2 |
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $299,128 | $329,851 | $41,551 | $-30,723 |
| 2023 | $223,798 | $163,558 | $74,281 | $60,240 |
| 2022 | $212,868 | $233,328 | $14,041 | $-20,460 |
| 2021 | $161,687 | $133,916 | $34,501 | $27,771 |
| 2020 | $128,089 | $136,111 | $6,730 | $-8,022 |
| 2019 | $80,637 | $101,618 | $14,752 | $-20,981 |
| 2018 | $61,544 | $25,811 | $35,903 | $35,733 |
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