SOUTH BOSTON COMMUNITY DEVELOPMENT FOUNDATION INC (EIN 113722992) - 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

2004

Legal Domicile

Principal Officer

DAVID NAGLE

Phone

6177704900

Tax Period

2023-01-01 to 2023-12-31

SOUTH BOSTON COMMUNITY DEVELOPMENT FOUNDATION INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $355K in total revenue in fiscal year 2023. Revenue surged 342% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 36% operating margin.

Mission

TO DISBURSE FUNDS TO NON-PROFIT ORGANIZATIONS FOR RESIDENTS OF SOUTH BOSTON, MA

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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 $353,951

Program Service Revenue $0

Investment Income $1,530

Other Revenue $0

TOTAL REVENUE $355,481

Expense Breakdown

Grants Paid $223,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $223,500

Other Expenses $5,278

TOTAL EXPENSES $228,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$355,481	$80,371	+3.4%
Expenses	$228,778	$221,739	+0.0%
Net Income	$126,703	$-141,368	-1.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID NAGLE	PRESIDENT	2.00	Director	$0	$0	$0
WILLIAM HIGGINS JR	TREASURER	2.00	Director	$0	$0	$0
ROBERT RYAN	SECRETARY	2.00	Director	$0	$0	$0
DANIEL MANNING	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA FLAHERTY	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM MCDONOUGH	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA KELLEY	DIRECTOR	2.00	Director	$0	$0	$0

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	$355,481	$228,778	$302,733	$126,703
2020	$394,040	$48,066	$520,170	$345,974
2019	$370,965	$357,937	$179,096	$13,028
2018	$324,375	$340,071	$161,518	$-15,696

SOUTH BOSTON COMMUNITY DEVELOPMENT FOUNDATION INC