Solum Community Transformation Initiative Inc
Solum Community Transformation Initiative Inc faces declining revenue and fluctuating financial stability.
EIN: 113664238 · Yukon, OK · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20K |
| Total Expenses | $65K |
| Program Spending | 80% |
| Net Assets | $2K |
| Transparency Score | 65/100 |
Is Solum Community Transformation Initiative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Solum Community Transformation Initiative Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Solum Community Transformation Initiative Inc
Solum Community Transformation Initiative Inc (EIN: 113664238) is a nonprofit organization based in Yukon, OK, classified under NTEE code X20. The organization reported total revenue of $20K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solum Community Transformation Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Solum Community Transformation Initiative Inc is a micro nonprofit that has been operating for 22 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $65K |
| Surplus / Deficit | $-8,411 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -14.9% |
| Months of Reserves | 0.4 months |
Financial Health Grade: C
In 2023, Solum Community Transformation Initiative Inc reported a deficit of $8K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2017–2023), Solum Community Transformation Initiative Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.3% | -33.4% | -79.4% |
| 2022 | -4.6% | +19.3% | -63.9% |
| 2021 | -19.2% | -6.8% | +2.8% |
| 2020 | +6.8% | -3.1% | +101.4% |
| 2019 | +19.7% | -0.9% | +56.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Solum Community Transformation Initiative Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Solum Community Transformation Initiative Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly favorable for donor perception and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Solum Community Transformation Initiative Inc's IRS 990 filings:
- Significant decline in revenue from $101,946 in 2020 to $56,391 in 2023, and latest reported revenue of $20,274.
- Expenses exceeding revenue in multiple recent periods (e.g., $64,802 expenses vs. $56,391 revenue in 2023; $97,367 expenses vs. $78,608 revenue in 2022).
- Decreasing asset base from $29,354 in 2021 to $2,184 in 2023, indicating a reduction in financial reserves.
Strengths
The following positive indicators were identified for Solum Community Transformation Initiative Inc:
- Consistent filing of IRS 990 forms for seven periods, demonstrating transparency.
- 0% officer compensation reported across all filings, indicating efficient use of funds for mission-related activities rather than executive pay.
- No reported liabilities in any of the available filings, suggesting a debt-free operation.
Frequently Asked Questions about Solum Community Transformation Initiative Inc
Is Solum Community Transformation Initiative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Solum Community Transformation Initiative Inc (EIN: 113664238) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Solum Community Transformation Initiative Inc spend its money?
Solum Community Transformation Initiative Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Solum Community Transformation Initiative Inc tax-deductible?
Solum Community Transformation Initiative Inc is registered as a tax-exempt nonprofit (EIN: 113664238). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Solum Community Transformation Initiative Inc's spending goes to programs?
Solum Community Transformation Initiative Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Solum Community Transformation Initiative Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Solum Community Transformation Initiative Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Solum Community Transformation Initiative Inc located?
Solum Community Transformation Initiative Inc is headquartered in Yukon, Oklahoma and files with the IRS under EIN 113664238. It is classified under NTEE code X20.
How many years of IRS 990 filings does Solum Community Transformation Initiative Inc have?
Solum Community Transformation Initiative Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $20K in total revenue.
Is Solum Community Transformation Initiative Inc financially stable?
The organization's financial stability appears to be declining, with revenue dropping from $101,946 in 2020 to $56,391 in 2023, and expenses exceeding revenue in recent years. Assets have also decreased significantly from $29,354 in 2021 to $2,184 in 2023, though the latest reported assets are $14,027.
What is the trend in Solum Community Transformation Initiative Inc's revenue?
Revenue has shown a downward trend since 2020, decreasing from $101,946 to $56,391 in 2023, and the latest reported revenue is $20,274, indicating a continued decline.
Does Solum Community Transformation Initiative Inc pay its officers?
No, the IRS 990 filings consistently show 0% officer compensation, meaning no salaries or other compensation are paid to the organization's officers.
Filing History
IRS 990 filing history for Solum Community Transformation Initiative Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Solum Community Transformation Initiative Inc's revenue has declined by 39.1%, moving from $93K to $56K. Total assets decreased by 89.3% over the same period, from $20K to $2K. Total functional expenses fell by 16.9%, from $78K to $65K. In its most recent filing year (2023), Solum Community Transformation Initiative Inc reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $65K | $2K | $0 | — | View 990 |
| 2022 | $79K | $97K | $11K | $0 | — | View 990 |
| 2021 | $82K | $82K | $29K | $0 | — | — |
| 2020 | $102K | $88K | $29K | $0 | — | — |
| 2019 | $95K | $90K | $14K | $0 | — | View 990 |
| 2018 | $80K | $91K | $9K | $0 | — | View 990 |
| 2017 | $93K | $78K | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $65K, and assets of $2K (revenue -28.3% year-over-year).
- 2022: Revenue of $79K, expenses of $97K, and assets of $11K (revenue -4.6% year-over-year).
- 2021: Revenue of $82K, expenses of $82K, and assets of $29K (revenue -19.2% year-over-year).
- 2020: Revenue of $102K, expenses of $88K, and assets of $29K (revenue +6.8% year-over-year).
- 2019: Revenue of $95K, expenses of $90K, and assets of $14K (revenue +19.7% year-over-year).
- 2018: Revenue of $80K, expenses of $91K, and assets of $9K (revenue -13.9% year-over-year).
- 2017: Revenue of $93K, expenses of $78K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Solum Community Transformation Initiative Inc:
Data Sources and Methodology
This transparency report for Solum Community Transformation Initiative Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.