Solventas Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Through partnerships with Hope Faith Ministries and Sportsmen for Heroes, as well as through our programs- Perspectives Academy (Jay Berk and Associates), and NueHealth Surgical Alliance, we are able to reach and serve our intended audience: those in need. Hope Faith Ministries is a Christian ministry in downtown Kansas City serving as an equipping day center for the homeless. Sportsmen for Heroes provides outdoor adventures for disabled veterans. Perspectives Academy assists students who have struggled in traditional school settings or with other programs. NueHealth Surgical Alliance aims to improve global access to surgical care.
- Income
- $1.7 million
- Spending
- $1.8 million
- Spent on programs
- 77%
- Reserves
- 11.8 months of spending
- Largest source of income
- fees for its services, 99%
- Employees
- 23
- Volunteers
- 25
- Highest pay
- $350,868, psychologist
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 67 out of 100. Higher than 34% of charities in its peer group (international, $1m to $10m).
Reserves
28 of 35Spendable reserves would cover 11.8 months of spending.
Debt
16 of 20It owes 26% of what it owns.
Living within its means
8 of 15Spending exceeded income by 4% of income.
Income trend
0 of 15Income fell 49% on the year before.
Spending floor
15 of 1577% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 72 out of 100. Higher than 24% of charities in its peer group (international, $1m to $10m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.4 million spent. In 2024, Perspectives Academy demonstrated remarkable growth and dedication to its attendees, achieving significant milestones across its programs. PA proudly served 145 students in its social skills courses (through Jay Berk, Ph.D. and Associates), equipping them with essential tools for navigating complex social environments and fostering meaningful connections. A testament to its commitment to therapeutic and academic excellence, Perspectives Academy celebrated the graduation of seven high school students from its program, each earning high school equivalencies and opening doors to future opportunities. For example, three Perspectives Academy graduates are successfully attending college full- and part-time at Kent State University, John Carrol University, and Lorain County Community College. Additionally, two students have returned back to their district of residence for the 2025-2026 school year, as they have achieved individual success throughout their programming at Perspectives Academy. This impactful year was further underscored by an impressive overall enrollment increase of 11%, highlighting the growing recognition of Perspectives Academy's invaluable contributions to its attendees development and success.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.