SOAP2HOPE (EIN 842283859) - 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

Principal Officer

JANUARY RIGGIN

Phone

8016630183

Tax Period

2023-01-01 to 2023-12-31

SOAP2HOPE, founded in 2019, is a small nonprofit in the Human Services sector that reported $237K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $214K left a modest 10% surplus.

Mission

SOAP2HOPE HELPS BUILD AWARENESS, OFFERS RESOURCES AND ADVOCATES FOR WOMEN, MEN AND TEENAGERS; WHO HAVE BEEN SEXUALLY EXPLOITED, SEX TRAFFICKED AND WORKING IN THE SEX TRADE. INDIVIDUALS WHO ARE FACING ADDICTIONS, ABUSE AND TRAUMA IN OUR LOCAL VULNERABLE COMMUNITY. WE ARE HELPING TO BRIDGE THE GAPS IN OUR SYSTEM

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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 $236,965

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $236,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,966

Other Expenses $214,066

TOTAL EXPENSES $214,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,968	$287,893	-0.2%
Expenses	$214,066	$281,207	-0.2%
Net Income	$22,902	$6,686	+2.4%

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

N/A

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

Total Directors

$51,652

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANUARY RIGGIN	EXECUTIVE DI	30.00	Director	$51,652	$0	$51,652
CHRIS BOWMAN	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA CHENG	TRUSTEE	1.00	Director	$0	$0	$0
BRANDIE DRAKE	TRUSTEE	1.00	Director	$0	$0	$0
MELINDA FOWLKS	TRUSTEE	1.00	Director	$0	$0	$0
CATHRYN NOBLE	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA WELSH	TRUSTEE	1.00	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	$236,968	$214,066	$35,132	$22,902
2022	$287,893	$281,207	$23,254	$6,686
2021	$241,150	$238,629	$33,276	$2,521

SOAP2HOPE