SOMERSET PATRIOTS CHILDREN'S EDUCATIONAL & SPORTSMANSHIP FOUNDATION (EIN 201088378) - 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

JOSHUA KALAFER

Phone

9082520700

Tax Period

2024-01-01 to 2024-12-31

SOMERSET PATRIOTS CHILDREN'S EDUCATIONAL & SPORTSMANSHIP FOUNDATION, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $135K in total revenue in fiscal year 2024. Expenses of $127K left a modest 6% surplus.

Mission

RAISE FUNDS TO SUPPORT OTHER EXEMPT ORGANIZATIONS WITH CHARITABLE AND EDUCATIONAL PURPOSES.

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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 $67,421

Program Service Revenue $0

Investment Income $0

Other Revenue $67,503

TOTAL REVENUE $134,924

Expense Breakdown

Grants Paid $123,325

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,325

Other Expenses $3,502

TOTAL EXPENSES $126,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,924	$137,346	0.0%
Expenses	$126,827	$111,843	+0.1%
Net Income	$8,097	$25,503	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA KALAFER	TRUSTEE & OFFICER	0.50	Officer Director	$0	$0	$0
PATRICK MCVERRY	TRUSTEE & OFFICER	0.50	Officer Director	$0	$0	$0
DONALD MILLER	TRUSTEE & OFFICER	0.50	Officer Director	$0	$0	$0
JONATHAN KALAFER	TRUSTEE	0.50	Director	$0	$0	$0
ELLEN NARDONI	TRUSTEE	0.50	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	$134,924	$126,827	$149,535	$8,097
2023	$137,346	$111,843	$118,538	$25,503
2022	$97,330	$82,554	$95,935	$14,776
2021	$87,521	$71,218	$66,409	$16,303
2020	$2,583	$10,629	$63,456	$-8,046
2019	$168,539	$163,805	$59,302	$4,734
2018	$163,646	$144,179	$53,418	$19,467

SOMERSET PATRIOTS CHILDREN'S EDUCATIONAL & SPORTSMANSHIP FOUNDATION