SOUTHCOAST COMMUNITY FOUNDATION INC (EIN 043280353) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

DR MELANIE EDWARDS-TAVAR

Phone

5089968253

Tax Period

2023-01-01 to 2023-12-31

SOUTHCOAST COMMUNITY FOUNDATION INC, founded in 1995, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.5M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $10.0M left a modest 5% surplus.

Mission

TO MOBILIZE PHILANTHROPY BY MATCHING DONORS AND RESOURCES WITH COMMUNITY NEEDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,566,492

Program Service Revenue $0

Investment Income $980,040

Other Revenue $-50,761

TOTAL REVENUE $10,495,771

Expense Breakdown

Grants Paid $6,231,826

Salaries & Benefits $1,577,486

Fundraising Expenses $510,174

Program Expenses $8,591,359

Other Expenses $2,143,469

TOTAL EXPENSES $9,952,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,495,771	$12,813,868	-0.2%
Expenses	$9,952,781	$8,467,671	+0.2%
Net Income	$542,990	$4,346,197	-0.9%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$150,542

Total Directors

$150,542

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD LEE	PRESIDENT AND CEO (UNTIL 01/23)	40.00	Officer Director	$75,142	$4,376	$79,518
MELANIE EDWARDS-TAVARES	PRESIDENT AND CEO (FROM 9/2023)	40.00	Officer Director	$69,092	$1,932	$71,024
GAIL FORTES	CHAIR	2.00	Officer Director	$0	$0	$0
JAYNE REBELLO KORN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LINDA BODENMANN	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
JONATHAN ROUNDS	TREASURER	2.00	Officer Director	$0	$0	$0
CARL J CRUZ	CLERK (UNTIL 6/23)	2.00	Officer Director	$0	$0	$0
MARIA ROSARIO	CLERK (FROM 6/23)	2.00	Officer Director	$0	$0	$0
KATE ALVES	DIRECTOR (FROM 6/23)	2.00	Director	$0	$0	$0
JANET COQUILLETTE	DIRECTOR (FROM 6/23)	2.00	Director	$0	$0	$0
NATHANIEL RODRIGUEZ	DIRECTOR (FROM 6/23)	2.00	Director	$0	$0	$0
CYNTHIA ROSE	DIRECTOR	2.00	Director	$0	$0	$0
ANNE TANGEN	DIRECTOR (FROM 6/23)	2.00	Director	$0	$0	$0
TRISH ARNOLD	DIRECTOR (UNTIL 6/23)	2.00	Director	$0	$0	$0
PRISCILLA DITCHFIELD	DIRECTOR (UNTIL 6/23)	2.00	Director	$0	$0	$0
DAMON CHAPLIN	DIRECTOR (UNTIL 6/23)	2.00	Director	$0	$0	$0
DENISE M PORCHE	DIRECTOR (UNTIL 6/23)	2.00	Director	$0	$0	$0
JEFFREY PAGLIUCA	DIRECTOR (UNTIL 9/23)	2.00	Director	$0	$0	$0
LOUIS E SOUSA	DIRECTOR (UNTIL 6/23)	2.00	Director	$0	$0	$0
TAMMY DAYTON	CREATIVE DIRECTOR	40.00	Highest	$120,000	$0	$120,000
CHARLES HOLLEY	DIR. OF FINANCE AND ADMIN	40.00	Highest	$106,134	$32,827	$138,961
ALISON SMART	ED OF PROBABLE FUTURES	40.00	Highest	$223,773	$35,107	$258,880
PATRICIA GRIME	DIRECTOR OF PHILANTHROPY	40.00	Highest	$102,230	$0	$102,230

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$10,495,771	$9,952,781	$56,028,716	$542,990
2022	$12,813,868	$8,467,671	$49,607,521	$4,346,197
2021	$13,725,688	$10,326,815	$53,147,669	$3,398,873
2020	$13,876,948	$11,241,844	$47,541,996	$2,635,104
2019	$7,069,763	$5,219,731	$41,915,970	$1,850,032
2018	$5,569,947	$5,003,808	$35,719,482	$566,139

SOUTHCOAST COMMUNITY FOUNDATION INC