The Solid Foundation Inc

Nonprofit profile at a glance

EIN
850497176
IRS 990-EZ coverage
2020–2023
Forms available
Form 990 2022, Form 990-EZ 2023
Location
Upper Marlboro, MD, USA
Phone
2402410789
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$77,096
Expenses
$75,120
Assets
$1,976
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • LaTasha Ward (President)

People named in this filing

  • LaTasha Ward (President)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Solid FoundationMission uses a 3-level staff organization to provide gainful employment, career development and entrepreneurship opportunities for Heads of Households, foster care, youth, and formerly incarcerated individuals for the purpose of reducing violence, recidivism and producing law abiding, tax paying citizens.

What it reported doing in 2023

Train 12 returning citizens in entrepreneurship.Increased awareness about trauma and brain injuries. Results: Participants gain knowledge on how to recognize signs of brain injuries and what medical resources are available for consultation served nearly 70 participants.. Held two (2) Domestic Violence Awareness Events serving 100 participants.

Operating model

Revenue model
Donor-supported. 100% 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

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 16
  • Transparency & Controls: 82
  • Sustainability: 35
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 16.2%; rating input score 16
  • Program expense ratio: 16.6%; rating input score 17

Transparency & Controls

  • Consistency checks: 77.8%; rating input score 78; 2nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 2.6%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 31.9%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 41.1% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 55.8% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: -45.9% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 16.2% of revenue deployed · 16.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $12K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 16/100.
  • High — Financial Efficiency: Program expense ratio scored 17/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Sustainability: Operating margin scored 52/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.