SOLA ROBOTICS (EIN 833200281) - 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

2019

Legal Domicile

Principal Officer

JENNIFER LASHLEY

Phone

4243521931

Tax Period

2024-01-01 to 2024-12-31

SOLA ROBOTICS, founded in 2019, is a small nonprofit in the Youth Development sector that reported $348K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

TO EDUCATE YOUTH OF COLOR TO DEVELOP A PORTFOLIO OF TECHNOLOGICAL SKILLS, GUIDING THEM TOWARD STEM CAREER PATHWAYS AND BUILDING A COMMUNITY OF STUDENTS WHO GROW, THRIVE AND LEARN TOGETHER.

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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 $347,696

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $347,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,835

Fundraising Expenses $32,809

Program Expenses $228,916

Other Expenses $254,728

TOTAL EXPENSES $365,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,696	$247,452	+0.4%
Expenses	$365,563	$241,248	+0.5%
Net Income	$-17,867	$6,204	-3.9%

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

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

$57,960

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVANGELINE VEAL	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
CHRISTINE MA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JANICE WYATT	INDEPENDENT MEMBER	1.00	Director	$0	$0	$0
JENNIFER LASHLEY	EXECUTIVE DIRECTOR	30.00	Officer	$57,960	$0	$57,960

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	$347,696	$365,563	$13,524	$-17,867
2023	$247,452	$241,248	$10,211	$6,204

SOLA ROBOTICS