SERC INC (EIN 237134151) - 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

1971

Legal Domicile

Principal Officer

SHAUNDRA CLARK

Phone

5025587420

Tax Period

2021-10-01 to 2022-09-30

SERC INC, founded in 1971, is a small nonprofit that reported $538K in total revenue in fiscal year 2021. Revenue surged 104% from the prior year, signaling strong growth momentum.

Mission

THE MISSION IS TO PROVIDE QUALITY EDUCATION AND TRAINING, INFORMATION, NETWORKING OPPORTUNITIES AND ADVOCACY TO ITS MEMBERS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $118,858

Program Service Revenue $415,965

Investment Income $597

Other Revenue $2,316

TOTAL REVENUE $537,736

Expense Breakdown

Grants Paid $120,763

Salaries & Benefits $4,000

Fundraising Expenses $0

Program Expenses $533,350

Other Expenses $421,832

TOTAL EXPENSES $546,595

Year-over-Year Comparison

	2021	2020	Change
Revenue	$537,736	$264,228	+1.0%
Expenses	$546,595	$264,357	+1.1%
Net Income	$-8,859	$-129	+67.7%

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

231

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

$4,000

Total Directors

$4,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAUNDRA CLARK	PRESIDENT	1.00	Officer Director	$4,000	$0	$4,000
SHAUNA BLOOM	KENTUCKY STA	1.00	Director	$0	$0	$0
MARIA CATRON	TENNESSEE ST	1.00	Director	$0	$0	$0
JAMES COX	VP OF HOUSIN	1.00	Officer Director	$0	$0	$0
MICHAEL DINEEN	N CAROLINA S	1.00	Director	$0	$0	$0
CINDY HARRINGTON	TREASURER	1.00	Officer Director	$0	$0	$0
CONNIE HOWARD	VP OF PRO. D	1.00	Officer Director	$0	$0	$0
HARRY HOWE	VP OF COMMIS	1.00	Officer Director	$0	$0	$0
RON JONES	ALABAMA STAT	1.00	Director	$0	$0	$0
ANTHONY GOODSON JR	SENIOR VICE	1.00	Officer Director	$0	$0	$0
IVORY MATHEWS	S CAROLINA S	1.00	Director	$0	$0	$0
LATONIA SIMMONS	GEORGIA STAT	1.00	Director	$0	$0	$0
JASON SPENCER	MISSISSIPPI	1.00	Director	$0	$0	$0
MIKE SWEET	VP OF MEMBER	1.00	Officer Director	$0	$0	$0
MARK TAYLOR	W VIRGINIA S	1.00	Director	$0	$0	$0
DANNY WALKER	VP OF COMM R	1.00	Officer Director	$0	$0	$0
MICHAEL WONG	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL WONG	VIRGINIA STA	1.00	Director	$0	$0	$0
SHANNON YOUNG	FLORIDA STAT	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
2022	$537,736	$546,595	$670,594	$-8,859
2021	$264,228	$264,357	$637,584	$-129
2020	$311,450	$258,486	$598,275	$52,964

SERC INC