THE SOAR FOUNDATION (EIN 943255490) - 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

1995

Legal Domicile

Principal Officer

LI LI

Phone

5106750680

Tax Period

2023-01-01 to 2023-12-31

THE SOAR FOUNDATION, founded in 1995, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $982K, a strong 59% operating margin.

Mission

TO GRANT SENIOR HIGH SCHOOL SCHOLARSHIPS AND COLLEGE SCHOLARSHIPS TO CHINA RURAL AREA IN POVERTY. ALSO EXTENDED MISSION TO HELP PRESCHOOLERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $824,467

Program Service Revenue $0

Investment Income $104,752

Other Revenue $732,479

TOTAL REVENUE $1,661,698

Expense Breakdown

Grants Paid $598,433

Salaries & Benefits $14,869

Fundraising Expenses $20,938

Program Expenses $598,433

Other Expenses $45,784

TOTAL EXPENSES $680,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,661,698	$1,030,216	+0.6%
Expenses	$680,024	$706,495	0.0%
Net Income	$981,674	$323,721	+2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIU-FONG HUANG	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVY KAO	Chairman	1.00	Director	$0	$0	$0
LISA GUO	President	1.00	Officer Director	$0	$0	$0
LILY ZHANG	BOARD MEMBER	0.00	Director	$0	$0	$0
GEORGE XIA	Secretary	0.00	Officer Director	$0	$0	$0
TZUO CHANG LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY ZHU	BOARD MEMBER	1.00	Director	$0	$0	$0
IRIS LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
EVA XU	BOARD MEMBER	1.00	Director	$0	$0	$0
CHIN CHEN	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MOON-PIN TZE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEC WANG	BOARD MEMBER	0.00	Director	$0	$0	$0
REBECCA CHANG	BOARD MEMBER	2.00	Director	$0	$0	$0
LI LI	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
WEIHAN WANG	BOARD MEMBER	0.00	Director	$0	$0	$0
ANNIE CHEN	CFO	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
2024	No data	No data	No data	No data
2023	$1,661,698	$680,024	$6,016,345	$981,674
2022	$1,030,216	$706,495	$4,597,945	$323,721
2021	$1,552,895	$920,038	$5,611,233	$632,857
2020	$1,836,099	$783,827	$5,062,584	$1,052,272
2019	$1,243,130	$648,856	$3,601,951	$594,274
2018	$829,101	$665,781	$2,949,258	$163,320

THE SOAR FOUNDATION