The SOAR Initiative (EIN 842864810) - 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

Legal Domicile

Phone

6143737667

Tax Period

2023-01-01 to 2023-12-31

The SOAR Initiative is a small nonprofit in the Mental Health sector that reported $364K in total revenue in fiscal year 2023. Revenue surged 172% from the prior year, signaling strong growth momentum.

Mission

The SOAR Initiative exists to provide people who use drugs throughout Ohio with free resources, information, and support. We focus on building technology-based solutions to the opiod overdose crisis, particularly for rural areas and those without existing harm reduction infrastructure.

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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 $363,498

Program Service Revenue $0

Investment Income $61

Other Revenue $292

TOTAL REVENUE $363,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,954

Fundraising Expenses $0

Program Expenses $277,589

Other Expenses $154,930

TOTAL EXPENSES $355,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,851	$133,576	+1.7%
Expenses	$355,884	$195,105	+0.8%
Net Income	$7,967	$-61,529	-1.1%

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
Larkin Cleland	Board Member	1.00	Director	$0	$0	$0
Dennis Pales	Board Member	1.00	Director	$0	$0	$0
Emily Medosch	Board Member	1.00	Director	$0	$0	$0
Dana Lavender	Board Member	1.00	Director	$0	$0	$0
Erica Schnitz	Board Member	1.00	Director	$0	$0	$0
Pranav Padmanabhan	Board Member	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	$363,851	$355,884	$36,409	$7,967

The SOAR Initiative