SOMERSET GABLES PARENTS ASSOCIATIO… - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

MARY HEPWORTH

Phone

3056989900

Tax Period

2022-07-01 to 2023-06-30

SOMERSET GABLES PARENTS ASSOCIATION INC, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $101K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $149K exceeded revenue, resulting in a 47% operating deficit.

Mission

THE MISSION OF THE FOUNDATION IS TO ENHANCE THE ACADEMIC AND PERSONAL GROWTH OF SOMERSET GRACE ACADEMY STUDENTS THROUGH A PARTNERSHIP BETWEEN THE FOUNDATION AND THE CHARTER SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $149,088

SOMERSET GABLES PARENTS ASSOCIATION PROVIDES SUPPORT TOSOMERSET GRACE ACADEMY 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 (2022)

Revenue Breakdown

Contributions & Grants $101,443

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $101,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,088

Other Expenses $149,088

TOTAL EXPENSES $149,088

Year-over-Year Comparison

	2022	2021	Change
Revenue	$101,443	$124,337	-0.2%
Expenses	$149,088	$137,898	+0.1%
Net Income	$-47,645	$-13,561	+2.5%

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
MARY HEPWORTH	PRESIDENT, DIRECTOR	5.00	Officer Director	$0	$0	$0
EVELYN PANEQUE-SECO	VP, TREASURER	1.00	Officer Director	$0	$0	$0
ESNIHIDE IGLESIAS	SECRETARY, ASSISTANT TREAS	1.00	Officer Director	$0	$0	$0
LISA ALAMO	BOARD MEMBER, VICE PRINCIP	1.00	Director	$0	$0	$0
HEATHER HARARY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA MCWHIRTER	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRI RODRIGUEZ	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$101,443	$149,088	$29,591	$-47,645
2022	$124,337	$137,898	$77,236	$-13,561
2021	$171,672	$92,860	$90,797	$78,812
2020	$111,856	$139,485	$11,985	$-27,629
2019	$100,760	$129,840	$39,614	$-29,080
2018	$131,617	$169,837	$68,694	$-38,220

SOMERSET GABLES PARENTS ASSOCIATION INC