Solo Parent
Nonprofit profile at a glance
- EIN
- 821112575
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-N 2017
- Location
- Franklin, TN, USA
- Phone
- 6154793300
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,626,212
- Expenses
- $1,644,620
- Assets
- $812,731
- Liabilities
- $83,193
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- ROBERT BEESON (BOARD OF DIRECTORS/CEO)
Highest reported compensation
- ROBERT BEESON (BOARD OF DIRECTORS/CEO): $125,831 total reported compensation
- DAVID FARMER (CHAIRMAN BOARD OF DIRECTORS/CRO): $121,732 total reported compensation
- EMMA WHITE (DIRECTOR OF OPERATIONS): $91,474 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Solo parent empowers single parents by unlocking their emotional, spiritual, and physical potential. Through our tailored programs and nurturing community, we address and embrace their unique needs and challenges, transforming adversity into strength - guiding families and their children on a path toward healing and sustained success.
What it reported doing in 2024
Solo parent equips single parents through free, peer-led support groups offered seven days a week; weekly long-form and daily devotional podcasts; and a growing digital/app community. In 2024 we released 52 weekly episodes (600,000+ downloads) and a daily devotional surpassing 70,000; our app's real-time chat connected 7,000 parents; and we surpassed 225,000 families reached. We also trained 90 army chaplains serving 38,000 members/families, launched groups inside the pentagon serving 24,000 personnel, secured Florida funding to extend free resources to first responders, law enforcement, and veterans, and launched the solo parent academy while beginning a proprietary platform to unify resources.in 2024, we introduced solo parent military edition, which includes solo parent training, solo parent nation, and solo parent essentials. We also secured a new state-funded program channel via Florida's 2024 appropriation to provide solo parent resources to first reponders, law enforcement, veterans, etc.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 92
- Accountability: 81
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.7%; rating input score 64
- Program expense ratio: 62.5%; rating input score 63
- Fundraising efficiency: $4.73 raised per $1 spent on fundraising; rating input score 16; 16th 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: 75%; rating input score 75; 16th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.1%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.49; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 20.6%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 62% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 42.6% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 45.8% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 63.7% of revenue deployed · 62.5% of spending went to programs
- Governance: 3 of 4 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1M in reported program spending
- Leadership: top reported pay $126K · 6 people listed
- Consistency: 35 of 35 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 4 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 16/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.