SOMI VIP INC

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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

MONICA SCHINKER

Phone

3057400509

Tax Period

2024-07-01 to 2025-06-30

SOMI VIP INC, founded in 2009, is a small nonprofit in the Education sector that reported $249K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $336K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE MISSION OF THE PARENTS ASSOCIATION IS TO ENHANCE THE ACADEMIC AND PERSONAL GROWTH OF SOMERSET SOUTH MIAMI STUDENTS THROUGH A PARTNERSHIP BETWEEN THE PARENTS AND THE CHARTER SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $330,858

SOMI VIP INC PROVIDES SUPPORT TO SOMERSET SOUTH MIAMI CHARTER SCHOOL TO ENCHANCE AND MAXIMIZE THE EDUCATION EXPERIENCE FOR EVERY CHILD ENROLLED.

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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 $209,169

Program Service Revenue $0

Investment Income $79

Other Revenue $40,017

TOTAL REVENUE $249,265

Expense Breakdown

Grants Paid $316,913

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330,858

Other Expenses $18,784

TOTAL EXPENSES $335,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,265	$326,198	-0.2%
Expenses	$335,697	$229,746	+0.5%
Net Income	$-86,432	$96,452	-1.9%

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
DANICA MELENDEZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MONICA SCHINKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMANDA PORTAS	SECRETARY	1.00	Officer Director	$0	$0	$0
MARITZA DIAZ	TREASURER	1.00	Officer 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
2025	$249,265	$335,697	$452,540	$-86,432
2024	No data	No data	No data	No data
2023	$236,441	$226,048	$442,532	$10,393
2022	$251,057	$216,658	$432,138	$34,399
2021	$370,695	$264,596	$397,739	$106,099
2020	$103,132	$139,954	$291,640	$-36,822
2019	$361,366	$220,538	$328,462	$140,828
2018	$169,348	$134,347	$187,634	$35,001