SOLANO DIVERSIFIED SERVICES INC (EIN 942787818) - 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

1981

Legal Domicile

Principal Officer

LOUIS CHIOFALO

Phone

7075544325

Tax Period

2022-07-01 to 2023-06-30

SOLANO DIVERSIFIED SERVICES INC, founded in 1981, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 28% operating margin.

Mission

TRAINING AND EMPLOYMENT SERVICES FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES

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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 $1,544,867

Program Service Revenue $5,504,788

Investment Income $197,371

Other Revenue $17,396

TOTAL REVENUE $7,264,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,407,321

Fundraising Expenses $0

Program Expenses $4,539,759

Other Expenses $1,808,577

TOTAL EXPENSES $5,215,898

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,264,422	$5,768,951	+0.3%
Expenses	$5,215,898	$4,798,908	+0.1%
Net Income	$2,048,524	$970,043	+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

140

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

$214,785

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS CHIOFALO	PRES/CEO/NON	40.00	Key Emp	$174,495	$40,290	$214,785
CHRISTINA EVERHART	TREASURER	1.00	Officer	$0	$0	$0
JANET G HANKIN	BOARD CHAIR	1.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$7,264,422	$5,215,898	$6,721,608	$2,048,524
2022	$5,768,951	$4,798,908	$3,957,994	$970,043
2021	$5,010,863	$4,519,241	$3,599,553	$491,622
2020	$4,429,341	$4,283,340	$2,223,301	$146,001
2019	$4,433,391	$4,349,068	$2,055,254	$84,323
2018	$4,220,379	$4,071,829	$1,959,752	$148,550

SOLANO DIVERSIFIED SERVICES INC