THE SOLA FOUNDATION (EIN 824698211) - 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

SHERRI FRANCOIS

Phone

3233064648

Tax Period

2024-01-01 to 2024-12-31

THE SOLA FOUNDATION, founded in 2018, is a community nonprofit in the Youth Development sector that reported $3.5M in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

WORKS TO END INTERGENERATIONAL POVERTY IN SOUTH LOS ANGELES.

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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 $3,671,004

Program Service Revenue $27,200

Investment Income $6,965

Other Revenue $-237,115

TOTAL REVENUE $3,468,054

Expense Breakdown

Grants Paid $620,249

Salaries & Benefits $1,987,992

Fundraising Expenses $116,334

Program Expenses $3,066,790

Other Expenses $1,623,869

TOTAL EXPENSES $4,232,110

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,468,054	$7,185,507	-0.5%
Expenses	$4,232,110	$2,746,742	+0.5%
Net Income	$-764,056	$4,438,765	-1.2%

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

Employees

Volunteers

250

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

$332,536

Total Directors

$473,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL ROSOVE	BOARD MEMBER	40.00	Director	$131,010	$10,024	$141,034
DAN STILLWELL	TREASURER/CONTROLLER	16.00	Officer Director	$49,251	$0	$49,251
SHERRI FRANCOIS	PRESIDENT/EXEC. DIR.	37.00	Officer Director	$276,500	$6,785	$283,285
SHIRLEY MONTALVO	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES FAUNTELROY	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA ZAWACKI	BOARD MEMBER	1.00	Director	$0	$0	$0
JADE IOVINE	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN JEFFERS	BOARD MEMBER	1.00	Director	$0	$0	$0
RAHSHIENE TAHA	BOARD MEMBER	1.00	Director	$0	$0	$0
KIANNA SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA DOXEY	DIR. OF TECH OPS	40.00	Highest	$128,505	$13,989	$142,494
TRACY LIU	VP SOCIAL IMPACT	40.00	Highest	$115,297	$11	$115,308
NUNA ATADIA	DIR. OF TECH EFF.	40.00	Highest	$107,850	$7,180	$115,030

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	$3,468,054	$4,232,110	$7,686,002	$-764,056
2023	$7,185,507	$2,746,742	$8,152,829	$4,438,765
2022	$2,316,542	$2,102,291	$2,236,696	$214,251
2021	$607,648	$1,322,534	$2,004,780	$-714,886
2020	$2,861,375	$304,143	$2,752,793	$2,557,232
2019	$293,603	$100,882	$195,561	$192,721

THE SOLA FOUNDATION