SAFE & SOUND SOMERSET INC (EIN 222205833) - 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

1979

Legal Domicile

Principal Officer

MICHELE BORONKAS

Phone

9083590003

Tax Period

2023-01-01 to 2023-12-31

SAFE & SOUND SOMERSET INC, founded in 1979, is a community nonprofit in the Human Services sector that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

SAFE & SOUND SOMERSET PREVENTS AND RESPONDS TO DOMESTIC AND SEXUAL VIOLENCE WITH PROGRAMS THAT PROVIDE SAFETY, SUPPORT AND EDUCATION FOR INDIVIDUALS, FAMILIES AND THE COMMUNITY.

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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 $3,196,711

Program Service Revenue $0

Investment Income $44,682

Other Revenue $-4,737

TOTAL REVENUE $3,236,656

Expense Breakdown

Grants Paid $10,737

Salaries & Benefits $2,436,776

Fundraising Expenses $201,128

Program Expenses $2,309,057

Other Expenses $714,784

TOTAL EXPENSES $3,162,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,236,656	$3,652,180	-0.1%
Expenses	$3,162,297	$3,236,223	0.0%
Net Income	$74,359	$415,957	-0.8%

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

188

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

$154,839

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE BORONKAS	CEO	40.00	Director	$134,448	$20,391	$154,839
MICHELLE BAUMAN	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
JAMES BERG	TREASURER	4.00	Officer Director	$0	$0	$0
SUSAN STURGES SPAGNOLA ESQ	SECRETARY	4.00	Officer Director	$0	$0	$0
SUSAN HUTTON	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
SHEILA BREEDING	TRUSTEE	1.00	Director	$0	$0	$0
SONIA RODRIGUES MARTO	TRUSTEE	1.00	Director	$0	$0	$0
TRASHAUN POWELL	TRUSTEE	1.00	Director	$0	$0	$0
NATALIE PINERIO	TRUSTEE	1.00	Director	$0	$0	$0
LISA BARCLAY	TRUSTEE	1.00	Director	$0	$0	$0
LISA SANDERS	TRUSTEE	1.00	Director	$0	$0	$0
AMY KARSON	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
VIRGINIA TOLEDO-HERNANDEZ	TRUSTEE	1.00	Director	$0	$0	$0
DELTA RAMIREZ	TRUSTEE	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	$3,236,656	$3,162,297	$2,461,145	$74,359
2022	$3,652,180	$3,236,223	$2,236,960	$415,957
2021	$3,348,127	$2,939,106	$1,558,388	$409,021
2020	$2,438,324	$2,606,375	$1,453,650	$-168,051
2019	$2,207,162	$2,259,594	$1,265,530	$-52,432

SAFE & SOUND SOMERSET INC