Blaine, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
We focus on providing sustainable solutions to educate and empower a strong community. We believe education is vital to a thriving society. We empower youths to make informed decisions and become leaders of the community. Through donations and sponsorships, we support the Evergreen Primary School in Kotolo, Uganda which provides education to more than 300 students, ages 4 through 14.
Sponsorship program: Through the financial support of a sponsor, a student is able to attend Primary School at no cost. Enrollment increased by 16 students during 2021, totaling 301 students...
Sponsorship program: Through the financial support of a sponsor, a student is able to attend Primary School at no cost. Enrollment increased by 16 students during 2021, totaling 301 students. Staffing increased by two persons in 2021.
Medical clinic: We funded construction of a medical clinic in 2021, providing health care to the community - including students and teachers.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Rebecca Olson | President and Founder | 10 |
Officer
Director
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$0 | $0 | $0 |
| Kevin Miles | Vice-President | 1 |
Officer
Director
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$0 | $0 | $0 |
| Hannah Sullivan | Treasurer | 1 |
Officer
Director
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$0 | $0 | $0 |
| Craig Conover | Secretary | 2 |
Officer
Director
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$0 | $0 | $0 |
| Andrea Farred | Board Member | 1 |
Director
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$0 | $0 | $0 |
| Kristen Greenacre | Board Member | 1 |
Director
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$0 | $0 | $0 |
| Sausha Knott | Board Member | 2 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $76,752 | $72,723 | $9,646 | $4,029 |
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