SOCIAL ENTERPRISE TRUST INC

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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

Principal Officer

SARAH BODLEY

Phone

8605609120

Tax Period

2023-01-01 to 2023-12-31

SOCIAL ENTERPRISE TRUST INC, founded in 2004, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $288K, a strong 24% operating margin.

Mission

TO ADVANCE THE SOCIAL ENTERPRISE SECTOR.

Program Service Accomplishments

Program 1

Expenses: $331,646 Revenue: $49,362

THE ORGANIZATION OFFERS PROGRAMS AND EVENTS FOR CULINARY ENTREPRENEURS, IN PARTNERSHIP WITH THE HARTFORD CULINARY COLLABORATIVE. COHORT PROGRAMS INCLUDE SEMINARS, PEER LEARNING, MENTORSHIP, GUEST...

THE ORGANIZATION OFFERS PROGRAMS AND EVENTS FOR CULINARY ENTREPRENEURS, IN PARTNERSHIP WITH THE HARTFORD CULINARY COLLABORATIVE. COHORT PROGRAMS INCLUDE SEMINARS, PEER LEARNING, MENTORSHIP, GUEST SPEAKERS, PITCH OPPORTUNITIES, ACCESS TO COWORKING SPACE. IN 2023, RESET'S 12-WEEK FOOD INCUBATOR PROGRAM SUPPORTED 17 BUSINESSES. THE PILOT FOOD ACCELERATOR 2023 TARGETS LATER STAGE FOOD ENTREPRENEURS, SUPPORTING 10 BUSINESSES IN 2023. HCC WRAPAROUND SUPPORT REACHED 357 ENTREPRENEURS IN 2023.

Program 2

Expenses: $223,779

THE ORGANIZATION'S RETAIL INCUBATOR IS A 12-WEEK PROGRAM DESIGNED FOR RETAIL ENTERPRENEURS PREPARED TO LAUNCH THEIR BUSINESS. THE COURSE INCLUDES WEEKLY SEMINARS, PEER LEARNING, MENTORSHIP AND GUEST SPEAKERS, AS WELL AS ACCESS TO COWORKING SPACE AND COACHING. THE 2023 RETAIL INCUBATOR SUPPORTED 14 BUSINESSES, AND CULMINATED IN A POPUP SALES EVENT AT WINTERFAIR HARTFORD. THE FLOOR-PLAN RETAIL ACTIVATION INITIATIVE IS A PARTNERSHIP WITH BREAKFAST LUNCH & DINNER REACHING OVER 190 BUSINESSES IN 2023.

Program 3

Expenses: $117,449

THE ORGANIZATION'S IMPACT ACCELERATOR OFFERS AN IN-DEPTH, MULTI-MONTH EXPERIENCE FOR ENTERPRENEURS GROWING THEIR BUSINESSES. THE COURSE INCLUDES INTENSIVE SEMINARS, MENTORSHIP, COWORKING SPACE AND...

THE ORGANIZATION'S IMPACT ACCELERATOR OFFERS AN IN-DEPTH, MULTI-MONTH EXPERIENCE FOR ENTERPRENEURS GROWING THEIR BUSINESSES. THE COURSE INCLUDES INTENSIVE SEMINARS, MENTORSHIP, COWORKING SPACE AND COACHING, AND OPPORTUNITIES TO PITCH TO INVESTORS. IN 2023 THE ORGANIZATION PARTNERED WITH WISE EDUCATION TO RUN A SOCIAL EQUITY ACCELERATOR, SUPPORTING 32 BUSINESSES TOTAL, INCLUDING 12 WHO COMPLETED THE ENTIRE 9-MONTH PROGRAM.

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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 $1,164,961

Program Service Revenue $49,362

Investment Income $1,614

Other Revenue $0

TOTAL REVENUE $1,215,937

Expense Breakdown

Grants Paid $5,901

Salaries & Benefits $426,112

Fundraising Expenses $10,692

Program Expenses $824,964

Other Expenses $495,690

TOTAL EXPENSES $927,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,215,937	$620,393	+1.0%
Expenses	$927,703	$590,207	+0.6%
Net Income	$288,234	$30,186	+8.5%

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

$91,403

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH BODLEY	EXECUTIVE DI	40.00	Officer	$91,403	$0	$91,403
NATE DUDEK	CHAIR	1.00	Officer Director	$0	$0	$0
TARA SPAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
VIJAY LAKNIDHI	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE BROODER THRU NOV 2023	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL VILLECCO STARTED NOV 2023	DIRECTOR	1.00	Director	$0	$0	$0
LAURA DIANA HABER	DIRECTOR	1.00	Director	$0	$0	$0
JENN T GRACE	DIRECTOR	1.00	Director	$0	$0	$0
ALI LAZOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
PETER LEE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MENARD	DIRECTOR	1.00	Director	$0	$0	$0
GUILAINE MENEFEE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID O'LEARY	DIRECTOR	1.00	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	$1,215,937	$927,703	$685,630	$288,234
2022	$620,393	$590,207	$415,279	$30,186
2021	$562,164	$491,466	$188,227	$70,698
2020	$357,186	$399,851	$114,483	$-42,665
2019	$440,820	$421,034	$143,034	$19,786
2018	$416,783	$404,225	$135,179	$12,558