SOLAR TOLEDO NEIGHBORHOOD FOUNDATION (EIN 825012403) - 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

KATE SOMMERFELD

Phone

4192415049

Tax Period

2023-01-01 to 2023-12-31

SOLAR TOLEDO NEIGHBORHOOD FOUNDATION, founded in 2018, is a small nonprofit in the Education sector that reported $283K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $321K exceeded revenue, resulting in a 13% operating deficit.

Mission

AS A SUPPORTING ORGANIZATION OF THE TOLEDO COMMUNITY FOUNDATION, INC., THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO FURTHER THE MISSION OF THE TOLEDO COMMUNITY FOUNDATION, INC. THE ENTITY SUPPORTS THE SURROUNDING COMMUNITY USING PROCEEDS FROM A SOLAR INSTALLATION PROJECT TO PROVIDE ASSISTANCE IN LOCAL WORKFORCE DEVELOPMENT, EDUCATIONAL PROGRAMS, AND BLIGHT REDUCTION GRANTS.

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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 $6,000

Program Service Revenue $275,287

Investment Income $1,575

Other Revenue $0

TOTAL REVENUE $282,862

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $318,654

Other Expenses $270,539

TOTAL EXPENSES $320,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,862	$437,600	-0.4%
Expenses	$320,539	$295,069	+0.1%
Net Income	$-37,677	$142,531	-1.3%

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

N/A

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

$568,739

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR KEITH BURWELL	SECRETARY/TREASURER	0.25	Officer	$0	$60,259	$343,661
MS KIM CRYAN	CFO	0.25	Officer	$0	$44,053	$225,078
MR SCOTT A ESTES	CHAIR	0.25	Officer Director	$0	$0	$0
MR THOMAS J WINSTON	VICE CHAIR	0.25	Officer Director	$0	$0	$0
MR PAUL L TOTH	TRUSTEE	0.25	Director	$0	$0	$0
MR L ZAC ISAAC	TRUSTEE	0.25	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	No data	No data	No data	No data
2023	$282,862	$320,539	$4,497,920	$-37,677
2022	$437,600	$295,069	$4,858,465	$142,531
2021	$777,034	$278,945	$4,865,386	$498,089
2020	$2,096,665	$17,791	$4,603,391	$2,078,874
2019	$1,088,792	No data	$1,399,498	No data

SOLAR TOLEDO NEIGHBORHOOD FOUNDATION