WHA SOULCITY CORP (EIN 933394558) - 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

2023

Legal Domicile

Principal Officer

MORRIS REED

Phone

7733781878

Tax Period

2024-07-01 to 2025-06-30

WHA SOULCITY CORP, founded in 2023, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $1.5M, a strong 85% operating margin.

Mission

TO UTILIZE THE CPACITY OF LOCAL PEOPLE TO IMPROVE THE HEALTH AND WELL-BEING OF CHICAGO WEST SIDE RESIDENTS.

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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 $1,764,714

Program Service Revenue $0

Investment Income $0

Other Revenue $5,667

TOTAL REVENUE $1,770,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $264,359

Other Expenses $274,359

TOTAL EXPENSES $274,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,770,381	$2,136,830	-0.2%
Expenses	$274,359	$355	+771.8%
Net Income	$1,496,022	$2,136,475	-0.3%

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

N/A

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

$266,885

Total Directors

$266,885

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MORRIS REED	CEO	5.00	Officer Director	$0	$266,885	$266,885
JACQUELINE REED	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SCHEID	TREASUER	1.00	Director	$0	$0	$0
CALISA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DANTE HALL	DIRECTOR	1.00	Director	$0	$0	$0
BASHIR MUHAMMAD	BOARD CHAIR	1.00	Director	$0	$0	$0
DEBRA GORDON	DIRECTOR	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
2025	$1,770,381	$274,359	$18,480,490	$1,496,022
2024	$2,136,830	$355	$17,931,426	$2,136,475

WHA SOULCITY CORP