SOARING CITY P 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

2021

Legal Domicile

Principal Officer

ERIC LARSON

Tax Period

2022-01-01 to 2022-12-31

SOARING CITY P INC, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2022. The organization ran a surplus of $209K, a strong 18% operating margin.

Mission

Soaring City P Inc is a 501c3 non-profit focused on developing an innovation ecosystem that seeds prosperity throughout its community starting with Tampa's Uptown Innovation Quarter.

Program Service Accomplishments

Program 1

Expenses: $812,250 Revenue: $1,083

Providing programing events and space to engage the residents in the Uptown Tampa District in a productive and equal relationship.

Program 2

Expenses: $0 Revenue: $0

Our program offers mentorship funding office space and development support to early-stage companies led by underserved founders while fostering innovation and entrepreneurship in the local community.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,165,441

Program Service Revenue $10,000

Investment Income $-26,538

Other Revenue $-8,917

TOTAL REVENUE $1,139,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $288,149

Fundraising Expenses $0

Program Expenses $812,250

Other Expenses $642,970

TOTAL EXPENSES $931,119

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,139,986	N/A	N/A
Expenses	$931,119	N/A	N/A
Net Income	$208,867	N/A	N/A

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

$78,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rhea Law	Director	4.00	Director	$0	$0	$0
Merritt Martin	Director	4.00	Director	$0	$0	$0
Bruce Bergherm	Director	4.00	Director	$0	$0	$0
Rick Bridoff	Director	4.00	Director	$0	$0	$0
Chris Bowen	Director	5.00	Officer Director	$0	$0	$0
Joshua Baumgartner	Director	4.00	Director	$0	$0	$0
Neil Thurman	Director	4.00	Director	$0	$0	$0
David Dunning	Director	4.00	Director	$0	$0	$0
Eric Larson	COO Treasurer	40.00	Officer	$78,632	$0	$78,632

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
2022	$1,139,986	$931,119	$251,927	$208,867