SOUL PURPOSE OF NEW YORK INC

EIN: 870950136 501(c)(3) Recreation & Sports

OCEANSIDE, NY

Total Revenue
$357,939
Total Expenses
$337,445
Total Assets
$15,040
Net Assets
$15,040
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NY
Principal Officer
MENDEL M GURKOV
Phone
5164173776
Tax Period
2024-01-01 to 2024-12-31

SOUL PURPOSE OF NEW YORK INC, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $358K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $337K left a modest 6% surplus.

Mission

SPECIAL NEEDS PROGRAM JOB TRAINING

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $357,939
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $357,939

Expense Breakdown

Grants Paid $0
Salaries & Benefits $58,722
Fundraising Expenses $0
Program Expenses $145,689
Other Expenses $278,723
TOTAL EXPENSES $337,445

Year-over-Year Comparison

2024 2023 Change
Revenue $357,939 $307,312 +0.2%
Expenses $337,445 $296,920 +0.1%
Net Income $20,494 $10,392 +1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
2
Employees
4
Volunteers
4

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
3
$12,000
Total Directors
3
$12,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MENDEL GURKOV TREASURER/DIRECTOR 50.00
Officer Director
$12,000 $0 $12,000
MENDEL DUCHMEN PRESIDENT 0.00
Officer Director
$0 $0 $0
MEYER BROOK SECRETARY N/A
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 $357,939 $337,445 $15,040 $20,494
2023 $307,312 $296,920 $19,514 $10,392
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SOUL PURPOSE OF NEW YORK INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.