Systems of Care Initiative Inc (EIN 831996707) - 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

Jeanette Prenger

Phone

3166191940

Tax Period

2024-01-01 to 2024-12-31

Systems of Care Initiative Inc, founded in 2018, is a small nonprofit in the Human Services sector that reported $212K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $298K exceeded revenue, resulting in a 40% operating deficit.

Mission

SOCI strives to identify and strategically target investments in commmunities where high-performance organizations are dedicated to support children to thrive in school, work, and life.

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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 $206,226

Program Service Revenue $0

Investment Income $5,989

Other Revenue $0

TOTAL REVENUE $212,215

Expense Breakdown

Grants Paid $126,220

Salaries & Benefits $70,148

Fundraising Expenses $48,527

Program Expenses $238,890

Other Expenses $101,612

TOTAL EXPENSES $297,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,215	$452,464	-0.5%
Expenses	$297,980	$277,633	+0.1%
Net Income	$-85,765	$174,831	-1.5%

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

$65,000

Total Directors

$65,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amanda Adkins	Director	2.00	Director	$0	$0	$0
Abdul Yahaya	Secretary	2.00	Officer Director	$0	$0	$0
Jeanette Prenger	President	2.00	Officer Director	$0	$0	$0
Kathryn Banks	Treasurer	2.00	Officer Director	$0	$0	$0
Janice S Smith	Executive Director	40.00	Officer Director	$65,000	$0	$65,000

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	$212,215	$297,980	$281,585	$-85,765
2023	$452,464	$277,633	$367,350	$174,831
2022	$297,880	$211,049	$192,519	$86,831
2021	$341,609	$316,101	$105,688	$25,508
2020	$155,577	$307,126	$80,180	$-151,549
2019	$500,000	$268,271	$231,729	$231,729

Systems of Care Initiative Inc