SOMOS 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

1991

Legal Domicile

Principal Officer

LADAN NIKRAVAN

Phone

5183806003

Tax Period

2024-07-01 to 2025-06-30

SOMOS INC, founded in 1991, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

SOMOS, INC. IS A NONPARTISAN NONPROFIT 501(C)(3) ORGANIZATION COMMITTED TO ADDRESSING THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK STATE.

Program Service Accomplishments

Program 1

Expenses: $2,016,525

OUR CONFERENCES, HELD TWICE YEARLY, SERVE AS A PLATFORM FOR LEGISLATORS, SCHOLARS, BUSINESSES, AND LABOR LEADERS TO ADDRESS VARIOUS CONCERNS PERTINENT TO THIS COMMUNITY. THOUGHT-PROVOKING WORKSHOPS ARE HELD ON KEY ISSUES, SUCH AS BUSINESS DEVELOPMENT, HEALTH AND EDUCATION, AND TO RECRUIT SUPPORT ON NEW AND EXISTING LEGISLATION AIMED TO ADDRESS THE NEEDS OF THE HISPANIC POPULATION OF NEW YORK. ADDITIONALLY, SOMOS, INC. USES THE FUNDS COLLECTED THROUGH CONFERENCES TO EMPOWER YOUTHS WITH ACADEMIC FINANCIAL AWARDS THAT ENCOURAGE FURTHERING THEIR EDUCATION, COLLEGE INTERNSHIPS TO PROMOTE RETENTION AND APPRENTICESHIPS TO INTRODUCE NEWLY GRADUATED ADULTS INTO THE PUBLIC, NONPROFIT, LABOR, AND PRIVATE SECTORS. THE ORGANIZATION AIMS TO CREATE OPPORTUNITIES FOR HISPANIC YOUTH THAT WILL FACILITATE THEIR PROFESSIONAL DEVELOPMENT.

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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 $2,247,078

Program Service Revenue $0

Investment Income $0

Other Revenue $40

TOTAL REVENUE $2,247,118

Expense Breakdown

Grants Paid $113,700

Salaries & Benefits $166,070

Fundraising Expenses $0

Program Expenses $2,016,525

Other Expenses $1,957,613

TOTAL EXPENSES $2,237,383

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,247,118	$1,978,998	+0.1%
Expenses	$2,237,383	$1,859,776	+0.2%
Net Income	$9,735	$119,222	-0.9%

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

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

$100,129

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANIA CAPAZ	EXECUTIVE DI	35.00	Officer	$100,129	$0	$100,129
FRANCISCO DIAZ	CHAIRMAN	5.00	Officer Director	$0	$0	$0
HILDA ESCHER	FIRST VICE C	4.00	Officer Director	$0	$0	$0
CARMEN FLORES	SECOND VICE	4.00	Officer Director	$0	$0	$0
LADAN NIKRAVAN	TREASURER	4.00	Officer Director	$0	$0	$0
MICHAEL NIEVES	SECRETARY	4.00	Officer Director	$0	$0	$0
SANTOS RODRIGUEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
DIRK MCCALL	BOARD MEMBER	2.00	Director	$0	$0	$0
C SONIA MARTINEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
AMARILIS ALTAGRACIA JACOBO	BOARD MEMBER	2.00	Director	$0	$0	$0
PALOMA HERNANDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
EVAN GOLDBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
NINFA SEGARRA	BOARD MEMBER	2.00	Director	$0	$0	$0
LARRY FERNANDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MIRTHA COLON	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIA DEL CARMEN VIERA	BOARD MEMBER	2.00	Director	$0	$0	$0
EDWIN LOPEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN RICERA	BOARD MEMBER	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
2025	$2,247,118	$2,237,383	$687,920	$9,735
2024	$1,978,998	$1,859,776	$800,022	$119,222
2024	No data	No data	No data	No data
2023	$1,792,310	$1,395,455	$656,345	$396,855
2022	$856,811	$643,050	$246,990	$213,761
2021	$185,970	$206,439	$87,846	$-20,469
2020	$1,056,129	$1,242,594	$116,630	$-186,465
2018	$1,004,322	$976,443	$203,788	$27,879