The Somero Project (EIN 263271411) - 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

2009

Legal Domicile

Principal Officer

Rebecca Olson

Phone

3602553704

Tax Period

2021-01-01 to 2021-12-31

The Somero Project, founded in 2009, is a micro nonprofit in the Education sector that reported $77K in total revenue in fiscal year 2021. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $73K left a modest 5% surplus.

Mission

Provide sustainable solutions to educate students ages 4 through 14 and empower youth to become strong community leaders.

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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 $76,752

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $76,752

Expense Breakdown

Grants Paid $69,344

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,344

Other Expenses $3,379

TOTAL EXPENSES $72,723

Year-over-Year Comparison

	2021	2020	Change
Revenue	$76,752	$52,112	+0.5%
Expenses	$72,723	$54,572	+0.3%
Net Income	$4,029	$-2,460	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rebecca Olson	President and Founder	10	Officer Director	$0	$0	$0
Kevin Miles	Vice-President	1	Officer Director	$0	$0	$0
Hannah Sullivan	Treasurer	1	Officer Director	$0	$0	$0
Craig Conover	Secretary	2	Officer Director	$0	$0	$0
Andrea Farred	Board Member	1	Director	$0	$0	$0
Kristen Greenacre	Board Member	1	Director	$0	$0	$0
Sausha Knott	Board Member	2	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
2021	$76,752	$72,723	$9,646	$4,029

The Somero Project