SOM INC (EIN 261614003) - 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

2008

Legal Domicile

Principal Officer

DAVID WITT

Phone

9286341419

Tax Period

2024-01-01 to 2024-12-31

SOM INC, founded in 2008, is a community nonprofit in the Religion sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

INTERNATIONALLY SERVING LEADERS WHO RISK MUCH FOR JESUS.

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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 $2,426,499

Program Service Revenue $0

Investment Income $5,375

Other Revenue $0

TOTAL REVENUE $2,431,874

Expense Breakdown

Grants Paid $0

Salaries & Benefits $456,986

Fundraising Expenses $52,870

Program Expenses $2,340,728

Other Expenses $2,040,322

TOTAL EXPENSES $2,497,308

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,431,874	$3,263,937	-0.3%
Expenses	$2,497,308	$3,611,875	-0.3%
Net Income	$-65,434	$-347,938	-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

N/A

Employees

Volunteers

169

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

$123,936

Total Directors

$123,936

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WITT	President & CEO	40.00	Officer Director	$117,287	$6,649	$123,936
JOHN MAHON	VICE PRESIDE	1.00	Director	$0	$0	$0
FAYE COAKLEY	Secretary	1.00	Director	$0	$0	$0
JAMES LAWLER	Treasurer	1.00	Director	$0	$0	$0
MONTIE FORTKAMP	MEMBER	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	$2,431,874	$2,497,308	$363,198	$-65,434
2023	$3,263,937	$3,611,875	$441,140	$-347,938
2022	$3,157,839	$3,064,644	$789,270	$93,195
2021	$2,940,517	$2,772,167	$695,777	$168,350
2020	$2,026,005	$1,781,020	$512,280	$244,985
2019	$1,893,365	$1,752,387	$271,052	$140,978
2018	$1,167,782	$1,216,276	$130,171	$-48,494

SOM INC