Soul Friends Yoga Center Corporation
Nonprofit profile at a glance
- EIN
- 920340571
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Dallas, TX, USA
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $149,179
- Expenses
- $146,676
- Assets
- $6,153
- Liabilities
- $2,265
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Susan Meymend (CEO Board Member)
People named in this filing
- Susan Meymend (CEO Board Member)
- Delvina Oelkers (Co-Founder Board Member)
- Annaliza Steward (Secretary Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Soul Friends Yoga Center Corporation is a nonprofit organization dedicated to promoting personal growth meaningful connection and inspired living through yogic teachings. The organization is community-centered and offers classes and workshops that are appealing and accessible to people of all income levels and the multitude of experiences in yoga.
What it reported doing in 2024
Commitment to Accessibility & Inclusion: At Soul Friends Yoga Center we believe that wellness should be available to all regardless of financial status. To uphold this belief we offer: Discounted memberships for individuals enrolled in public assistance including the free lunch program Donation-based community classes to ensure affordability for all A welcoming and supportive space for everyone regardless of background or ability. We have had over 500 new visitors come through our doors over the previous year allowing our local community to experience the health and wellness benefits of our class offerings. Consistently we offer 23 yoga classes a week. Our studio is fully equipped with yoga mats blocks straps and complimentary lavender towels ensuring a comfortable and relaxing experience for all participants. Building a True Community: We go beyond yoga by hosting community events virtual gatherings and wellness workshops that bring people together.
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 100
- Sustainability: 23
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.7%; rating input score 78
- Program expense ratio: 79.1%; rating input score 79
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 1.7%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.04; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 26.9%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 38.7% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 42% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 31.6% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 77.7% of revenue deployed · 79.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $116K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 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.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- High — Sustainability: Officer compensation ratio scored 13/100.