SOLON COMMUNITY LIVING INC (EIN 833861819) - 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

ARA BAGDASARIAN

Phone

4405191517

Tax Period

2024-01-01 to 2024-12-31

SOLON COMMUNITY LIVING INC, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.0M, a strong 75% operating margin.

Mission

SOLON COMMUNITY LIVING , INC. WAS ESTABLISHED FOR THE PURPOSE OF DEVELOPING AND OWNING A SUPPORTIVE HOUSING PROJECT FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES.

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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 $1,117,394

Program Service Revenue $107,478

Investment Income $132,826

Other Revenue $32,337

TOTAL REVENUE $1,390,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,144

Fundraising Expenses $0

Program Expenses $294,107

Other Expenses $250,709

TOTAL EXPENSES $351,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,390,035	$1,823,722	-0.2%
Expenses	$351,853	$177,412	+1.0%
Net Income	$1,038,182	$1,646,310	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARA BAGDASARIAN	PRESIDENT	50.00	Officer Director	$0	$0	$0
LESLIE BAGDASARIAN	BOARD MEMBER	35.00	Director	$0	$0	$0
LEE MARKOWITZ	SECRETARY	8.00	Officer Director	$0	$0	$0
GARY BIALES	BOARD MEMBER	8.00	Director	$0	$0	$0
JASON NEDLEY	BOARD MEMBER	3.00	Director	$0	$0	$0
RICHARD MAZZOLA	TREASURER	3.00	Officer 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	$1,390,035	$351,853	$8,244,771	$1,038,182
2023	$1,823,722	$177,412	$5,840,233	$1,646,310
2022	$1,609,501	$151,328	$2,609,407	$1,458,173
2021	$697,737	$34,643	$1,092,737	$663,094
2020	$268,796	$33,952	$416,642	$234,844

SOLON COMMUNITY LIVING INC