SO WHAT ELSE INC (EIN 271219231) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

DAVID SILBERT

Phone

2406020486

Tax Period

2023-01-01 to 2023-12-31

SO WHAT ELSE INC, founded in 2009, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $33.8M in total revenue in fiscal year 2023. Revenue surged 1359% from the prior year, signaling strong growth momentum.

Mission

SO WHAT ELSE'S MISSION IS TO IMPROVE THE LIVES OF CHILDREN AND FAMILIES LIVING IN UNDERSERVED COMMUNITIES IN THE BALTIMORE-WASHINGTON METRO AREA BY PROVIDING FOOD SECURITY, ACCESS TO BASIC NECESSITIES, AND HIGH-QUALITY OUT-OF-SCHOOL TIME PROGRAMS IN LITERACY, ATHLETICS, AND THE VISUAL AND PERFORMING ARTS WHILE INSPIRING YOUNG PEOPLE TO GIVE BACK TO THE COMMUNITY BY CREATING VOLUNTEER OPPORTUNITIES FOR CITIZENS OF ALL AGES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,413,759

Program Service Revenue $0

Investment Income $37,931

Other Revenue $309,675

TOTAL REVENUE $33,761,365

Expense Breakdown

Grants Paid $31,035,277

Salaries & Benefits $2,005,084

Fundraising Expenses $255,234

Program Expenses $33,346,299

Other Expenses $856,699

TOTAL EXPENSES $33,897,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,761,365	$2,313,233	+13.6%
Expenses	$33,897,060	$2,254,390	+14.0%
Net Income	$-135,695	$58,843	-3.3%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

127

Volunteers

200

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

$91,558

Total Directors

$91,558

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SILBERT	EXECUTIVE DI	40.00	Officer Director	$91,558	$0	$91,558
BRIAN ABRHAMSON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW AMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRETT BERNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE COOPER	DIRECTOR	1.00	Director	$0	$0	$0
NICOLLE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JANE DUNIGAN	DIRECTOR	1.00	Director	$0	$0	$0
TOSHA DYSON	DIRECTOR	1.00	Director	$0	$0	$0
BOB GORDON	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH HELLER	DIRECTOR	1.00	Director	$0	$0	$0
AMY HOLMWOOD	DIRECTOR	1.00	Director	$0	$0	$0
AMY KATZ	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LORING	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MEERS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MENDELSON	DIRECTOR	1.00	Director	$0	$0	$0
GREG MINKOFF	DIRECTOR	1.00	Director	$0	$0	$0
WES OKERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOSH ROSS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SCHLESS	TREASURER	10.00	Officer Director	$0	$0	$0
BRAD SHERMAN	DIRECTOR	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	No data	No data	No data	No data
2023	$33,761,365	$33,897,060	$654,418	$-135,695
2022	$2,313,233	$2,254,390	$823,897	$58,843
2021	$1,729,369	$1,568,329	$723,269	$161,040
2020	$1,204,480	$892,921	$521,173	$311,559
2019	$699,268	$688,622	$148,268	$10,646
2018	$573,764	$563,412	$136,386	$10,352

SO WHAT ELSE INC