SOLHOMES INC

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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

2020

Legal Domicile

Principal Officer

Jonah Messinger

Tax Period

2021-01-01 to 2021-12-31

SOLHOMES INC, founded in 2020, is a small nonprofit that reported $215K in total revenue in fiscal year 2021. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $448K exceeded revenue, resulting in a 109% operating deficit.

Mission

SolHomes supports resilient and sustainable energy for critical infrastructure in emerging economies

Program Service Accomplishments

Program 1

Expenses: $331,583 Revenue: $0

In 2020 SolHomes started a solar solar-powered net-zero energy home project for the US Department of Energy Solar Decathlon Build Challenge which will be donated to Habitat for Humanity. SolHomes...

In 2020 SolHomes started a solar solar-powered net-zero energy home project for the US Department of Energy Solar Decathlon Build Challenge which will be donated to Habitat for Humanity. SolHomes oversees the finance and construction of this net-zero energy home.

Program 2

Expenses: $10,000 Revenue: $0

Kalika Khetu is a remote village located in the Jumla district of western Nepal. Its health center serves as a medical clinic and birthing center to approximately 4,500 people from the village of...

Kalika Khetu is a remote village located in the Jumla district of western Nepal. Its health center serves as a medical clinic and birthing center to approximately 4,500 people from the village of Kalika Khetu and surrounding communities. Due in large part to its remoteness and the difficult mountainous terrain the national electric grid does not reach any part of the Jumla district. In July 2021 GRID Alternatives supported financially by SolHomes and partner Gham Power installed a 4.875 kW photovoltaic system on the roof of the Kalika Khetu Primary Health Center to support the full staff and a host of electric medical devices and diagnostic equipment which will support power lighting medical and diagnostic equipment vaccine refrigeration store medical supplies warming beds for newborn babies and provide emergency services and quality care 24x7.

Program 3

Expenses: $5,050 Revenue: $0

Footprint Project deploys Solar + Batteries to those who need them the most after climate disasters. They have been on the ground in response to Hurricane Ida since Sep 3 2021. Footprint Project will remain in South-East Louisiana until the lights come back on in communities hardest hit by the storm. Their expertise includes deploying Solar PV + Storage Units maintaining community solar trailer builds training for community responders and installation of microgrids with a focus on resiliency. SolHomes along with DER Task Force partnered with the Footprint Project to support them financially for the Louisiana Disaster Recovery Project.

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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 (2021)

Revenue Breakdown

Contributions & Grants $214,572

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $214,572

Expense Breakdown

Grants Paid $16,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $347,633

Other Expenses $431,583

TOTAL EXPENSES $447,633

Year-over-Year Comparison

	2021	2020	Change
Revenue	$214,572	$287,295	-0.3%
Expenses	$447,633	$10,279	+42.5%
Net Income	$-233,061	$277,016	-1.8%

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

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
Jonah Messinger	President	2.00	Officer Director	$0	$0	$0
Akash Jain	Secretary Vice President	2.00	Officer Director	$0	$0	$0
Shashikiran Duraisamy	Treasurer Vice President	4.00	Officer Director	$0	$0	$0
Isha Kulkarni	Vice President	2.00	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
2021	$214,572	$447,633	$50,345	$-233,061
2020	$287,295	$10,279	$283,406	$277,016