Soul Food Project Inc (EIN 842520204) - 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

Phone

3172258391

Tax Period

2024-11-01 to 2025-10-31

Soul Food Project Inc, founded in 2019, is a small nonprofit in the Youth Development sector that reported $338K in total revenue in fiscal year 2024. Expenses of $425K exceeded revenue, resulting in a 26% operating deficit.

Mission

Our mission is to foster wellness in our community by increasing access to local food through our urban farms, offering hands on education and creating space for artists. Our most significant activities in 2025 was the operation of our two farm sites and our youth program, Youth

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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 $307,157

Program Service Revenue $30,473

Investment Income $0

Other Revenue $0

TOTAL REVENUE $337,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,811

Fundraising Expenses $35,019

Program Expenses $294,578

Other Expenses $159,107

TOTAL EXPENSES $424,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,630	$338,680	0.0%
Expenses	$424,918	$413,927	+0.0%
Net Income	$-87,288	$-75,247	+0.2%

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

$52,474

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Danielle Guerin	Executive Director	40.00	Key Emp	$52,474	$0	$52,474
Leonardo Colon	Board Member	10.00	Officer	$0	$0	$0
Anastatia Oguntade	Board Member	10.00	Officer	$0	$0	$0
Keva Rop	Board Member	10.00	Officer	$0	$0	$0
Mary Fox	Board Member	5.00	Officer	$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
2025	$337,630	$424,918	$182,587	$-87,288
2024	$473,934	$362,342	$264,455	$111,592
2023	$381,728	$342,449	$152,863	$39,279
2022	$271,769	$151,808	$118,763	$119,961

Soul Food Project Inc