Somers Faculty Association Trust F… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

Alison Genez

Phone

2032697741

Tax Period

2024-07-01 to 2025-06-30

Somers Faculty Association Trust Fund, founded in 1979, is a small nonprofit that reported $482K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO PROVIDE DENTAL, VISION, AND FLEX MEDICAL COVERAGE FOR PLAN ENROLLEES AND THEIR IMMEDIATE FAMILY WHERE APPLICABLE.

Program Service Accomplishments

Program 1

Expenses: $419,215 Revenue: $475,907

Flexible medical, dental coverage, and vision care benefits for 279 plan enrollees.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $475,907

Investment Income $6,209

Other Revenue $0

TOTAL REVENUE $482,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,792

Fundraising Expenses $0

Program Expenses $419,215

Other Expenses $54,131

TOTAL EXPENSES $478,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$482,116	$508,039	-0.1%
Expenses	$478,150	$576,628	-0.2%
Net Income	$3,966	$-68,589	-1.1%

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

N/A

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

$22,594

Total Directors

$23,792

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alison Genez	President	1.0	Officer Director	$9,967	$0	$9,967
Monica Manko-Schmidt	Treasurer	1.0	Officer Director	$6,162	$0	$6,162
Catherine Jelinek	Secretary	1.0	Officer Director	$3,539	$0	$3,539
Laura Vegliante	Secretary	1.0	Officer Director	$2,926	$0	$2,926
Elizabeth Stewart	Trustee	1.0	Director	$599	$0	$599
Joan Cass	Trustee	1.0	Director	$599	$0	$599

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
2025	$482,116	$478,150	$259,078	$3,966
2024	$508,039	$576,628	$301,085	$-68,589
2023	$469,933	$603,029	$371,121	$-133,096
2022	$451,580	$515,077	$487,639	$-63,497
2021	$455,532	$480,456	$538,718	$-24,924
2020	$452,168	$430,453	$547,185	$21,715
2019	$440,450	$408,672	$525,834	$31,778
2018	$427,387	$357,238	$524,864	$70,149

Somers Faculty Association Trust Fund