Foundation for Strategic Sourcing Inc (EIN 260333090) - 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

2007

Legal Domicile

Principal Officer

Michele Cerminaro

Phone

5716123200

Tax Period

2023-01-01 to 2023-12-31

Foundation for Strategic Sourcing Inc, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $237K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $204K left a modest 14% surplus.

Mission

Connecting leaders; Transforming results; Winning together.

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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 $173,000

Program Service Revenue $63,820

Investment Income $0

Other Revenue $0

TOTAL REVENUE $236,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $203,971

TOTAL EXPENSES $203,971

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,820	$214,970	+0.1%
Expenses	$203,971	$235,800	-0.1%
Net Income	$32,849	$-20,830	-2.6%

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

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

$46,669

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michele Cerminaro	Executive Dir.	2.00	Officer	$46,669	$0	$46,669
Michael Silva	Secretary	2.00	Officer	$0	$0	$0
Tom Kent	Chairman	2.00	Officer	$0	$0	$0
Chris Taylor	Vice Chair	2.00	Officer	$0	$0	$0
Steve Schroeder	Board Member	1.00	Officer	$0	$0	$0
Thomas Campbell	Treasurer	1.00	Officer	$0	$0	$0
Chris Dunne	Board Member	1.00	Officer	$0	$0	$0
Annette Cutchens	Board Member	1.00	Officer	$0	$0	$0
Chuck Woods	Board Member	1.00	Officer	$0	$0	$0
Eric Markos	Board Member	1.00	Officer	$0	$0	$0
Christine Barnhart	Board Member	1.00	Officer	$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
2023	$236,820	$203,971	$124,409	$32,849
2022	$214,970	$235,800	$91,560	$-20,830
2021	$224,714	$151,626	$112,390	$73,088
2020	$341,312	$337,114	$39,302	$4,198
2019	$400,184	$381,655	$42,031	$18,529
2018	$402,673	$478,850	$28,441	$-76,177

Foundation for Strategic Sourcing Inc