Solace International Inc
Nonprofit profile at a glance
- EIN
- 810622816
- IRS 990 coverage
- 2010–2015
- Forms available
- Form 990 2015
- Location
- Anchorage, AK, USA
- Phone
- 9072481016
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Public Foundations
Reported finances
- Revenue
- $229,985
- Expenses
- $216,236
- Assets
- $12,857
- Liabilities
- $1,276
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Chet Harris (President)
- Robert deLucia (Vice President)
Highest reported compensation
- Nathaniel York (Executive Direc): $32,500 total reported compensation
- Michelle D Winston (Program Director): $16,450 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To integrate education, healthcare, agriculture, and economic opportunity at the community level in developing countries with the goal that projects become self-sustainable, and a source for future local business and community leaders.
What it reported doing in 2015
Nepal: As part of Solace's commitment to women, fair wage and the use of recycled materials we created a line of products using rubber from recycled tires, used snack chip wrappers and used rice bags. As this was a totally new product in the market place we spent over 1 year training women and families, working on designs, making samples, testing the market, purchasing materials, getting production online and shipping products to market both in Nepal and the USA. We also opened a shop in Kathmandu which served not only as a retail outlet for these fair wage recycled products but also provided a training facility for construction of samples in house and training facility for beaded and woven jewelry craft and practical instruction in international sales, marketing and packaging. Furthermore the shop provides a way for us to understand the local and expatriate market and therefore refine our designs for the wholesale export market.Ongoing support for this cottage industry.
Operating model
- Revenue model
- Donor-supported. 73% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 100
- Accountability: 88
- Sustainability: 35
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.8%; rating input score 80
- Program expense ratio: 84.9%; rating input score 85
- Fundraising efficiency: $38.47 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 22.6%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: -27.6% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -15.5% per year; rating input score 0; 8th percentile among comparable filings
- Asset growth: -24.6% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 79.8% of revenue deployed · 84.9% of spending went to programs
- Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $184K in reported program spending
- Leadership: top reported pay $32K · 7 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 6 filing years from 2010 to 2015
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Operating margin scored 58/100.
- High — Sustainability: Officer compensation ratio scored 17/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.