SOUTHMONT FOUNDATION INC (EIN 223146708) - 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

1991

Legal Domicile

Principal Officer

JOHN F COVERDALE

Phone

9737638397

Tax Period

2020-01-01 to 2020-12-31

SOUTHMONT FOUNDATION INC, founded in 1991, is a small nonprofit in the Human Services sector that reported $278K in total revenue in fiscal year 2020. Revenue decreased 9% compared to the prior year.

Mission

Southmont Foundation Inc. helps young men to develop the values, skills, and attitudes necessary to be effective in college and later on as fathers, professionals, and citizens. Its activities put a particular emphasis on developing a strong character, forming true friendships and learning the value of hard work.

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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 (2020)

Revenue Breakdown

Contributions & Grants $104,337

Program Service Revenue $173,773

Investment Income $0

Other Revenue $0

TOTAL REVENUE $278,110

Expense Breakdown

Grants Paid $475

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $282,811

Other Expenses $282,336

TOTAL EXPENSES $282,811

Year-over-Year Comparison

	2020	2019	Change
Revenue	$278,110	$304,749	-0.1%
Expenses	$282,811	$289,809	0.0%
Net Income	$-4,701	$14,940	-1.3%

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
JOHN F COVERDALE	President	2.00	Officer Director	$0	$0	$0
DAVID F O'BRIEN	Treasurer	1.00	Officer Director	$0	$0	$0
JAMES M O'KANE	Secretary	1.00	Officer Director	$0	$0	$0
ERNESTO F DOLORES	Director	1.00	Director	$0	$0	$0
DONALD RASMUSSON	Director	1.00	Director	$0	$0	$0
KEVIN WARD	Director	1.00	Director	$0	$0	$0
JUSTIN MAHON	Director	1.00	Director	$0	$0	$0
ANTHONY MCCARTHY	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
2020	$278,110	$282,811	$515,593	$-4,701
2019	$304,749	$289,809	$505,677	$14,940
2018	$331,640	$324,078	$482,210	$7,562

SOUTHMONT FOUNDATION INC