Somers Lions Charitable Foundation Inc (EIN 270906830) - 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

Philip Masi

Phone

9144502651

Tax Period

2023-07-01 to 2024-06-30

Somers Lions Charitable Foundation Inc, founded in 2009, is a micro nonprofit in the Human Services sector that reported $83K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $112K exceeded revenue, resulting in a 35% operating deficit.

Mission

Support the blind visually impaired autistic children and adults families and communities stricken by tradegy and community advancement

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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 $30,564

Program Service Revenue $0

Investment Income $162

Other Revenue $52,164

TOTAL REVENUE $82,890

Expense Breakdown

Grants Paid $109,328

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,328

Other Expenses $2,693

TOTAL EXPENSES $112,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,890	$158,381	-0.5%
Expenses	$112,021	$106,511	+0.1%
Net Income	$-29,131	$51,870	-1.6%

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
Judi McAnam	President	3.00	Director	$0	$0	$0
Glen Karoglanian	1st VP	2.00	Director	$0	$0	$0
Philip Masi	Treasurer	3.00	Director	$0	$0	$0
Michelle Marchetti	Secretary	2.00	Director	$0	$0	$0
Maddy McCormick	3rd VP	2.00		$0	$0	$0
Bob Antonucci	2nd VP	2.00		$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	$82,890	$112,021	$318,929	$-29,131
2023	$158,381	$106,511	$322,435	$51,870
2022	$179,289	$49,672	$278,515	$129,617
2021	$67,191	$69,354	$148,647	$-2,163
2020	$79,163	$66,257	$150,810	$12,906
2019	$131,691	$762	$137,904	$130,929

Somers Lions Charitable Foundation Inc