Social Finance Inc (EIN 274620963) - 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

2011

Legal Domicile

Principal Officer

Kirstin Hill

Phone

6179399900

Tax Period

2023-01-01 to 2023-12-31

Social Finance Inc, founded in 2011, is a mid-sized nonprofit in the Human Services sector that reported $39.2M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.6M, a strong 19% operating margin.

Mission

SOCIAL FINANCE IS A NATIONAL IMPACT FINANCE AND ADVISORY NONPROFIT. WE WORK WITH PUBLIC, PRIVATE, AND SOCIAL SECTORS TO BUILD INNOVATIVE (CONTINUED ON SCHEDULE O.)

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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 $24,185,912

Program Service Revenue $11,064,040

Investment Income $3,773,111

Other Revenue $193,882

TOTAL REVENUE $39,216,945

Expense Breakdown

Grants Paid $1,644,263

Salaries & Benefits $20,085,571

Fundraising Expenses $229,085

Program Expenses $26,180,305

Other Expenses $9,846,079

TOTAL EXPENSES $31,575,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,216,945	$73,403,817	-0.5%
Expenses	$31,575,913	$23,292,911	+0.4%
Net Income	$7,641,032	$50,110,906	-0.8%

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

144

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

$2,183,949

Total Directors

$543,631

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY PALANDJIAN	President & CEO	40.0	Officer Director	$504,220	$39,411	$543,631
MICHAEL GROSSMAN	Managing DIR (until 12/23)	40.0	Officer	$371,726	$39,403	$411,129
JOHN WOODS	Chief Financial Officer	40.0	Officer	$267,340	$44,354	$311,694
JACOB SEGAL	Managing Director	40.0	Officer	$266,331	$36,782	$303,113
NAVJEET K BAL	MANAGING DIR & GENERAL COUNSEL	40.0	Officer	$263,220	$27,169	$290,389
Catherine Cho	VP, Impact Investments	40.0	Highest	$231,720	$32,166	$263,886
JUSTIN BAKULE	VP, IMPACT INVESTMENTS	40.0	Highest	$228,655	$34,126	$262,781
Stephen Vicinelli	VP, Impact Investments	40.0	Highest	$221,734	$34,779	$256,513
Catherine Dun Rappaport	VP, Impact Investments	40.0	Highest	$220,731	$33,348	$254,079
ANDREW C CHEN	VP, IMPACT INVESTMENTS	40.0	Highest	$216,700	$26,366	$243,066
Kirstin Hill	President & COO (AS OF 9/23)	40.0	Officer	$156,660	$0	$156,660
Karen Anderson	MANAGING DIR, SFI (AS OF 9/23)	40.0	Officer	$86,868	$0	$86,868
EMILY FRIEDMAN	CHIEF ADMIN. OFF. (UNTIL 2/23)	40.0	Officer	$72,279	$8,186	$80,465
BRACEBRIDGE H YOUNG JR	Chairperson & Director	2.0	Officer Director	$0	$0	$0
EDWARD L SHAPIRO	Vice Chair & Director	2.0	Officer Director	$0	$0	$0
PAMELA DIPPEL CHONEY	Treasurer & Director	2.0	Officer Director	$0	$0	$0
NANCY ZIMMERMAN	Clerk & Director	2.0	Director	$0	$0	$0
Sir Ronald Cohen	Director	2.0	Director	$0	$0	$0
Karen Dynan	Director	2.0	Director	$0	$0	$0
Doug Henderson	Director	2.0	Director	$0	$0	$0
Laura Lauder	Director	2.0	Director	$0	$0	$0
Elizabeth Lempres	Director	2.0	Director	$0	$0	$0
Andrew Marino	Director	2.0	Director	$0	$0	$0
Governor Deval Patrick	Director	2.0	Director	$0	$0	$0
Alexa Rachlin	Director	2.0	Director	$0	$0	$0
Dr Lauren Smith	Director	2.0	Director	$0	$0	$0
Ian Simmons	Director	2.0	Director	$0	$0	$0
Laurene Sperling	Director	2.0	Director	$0	$0	$0
Sandra A Urie	Director	2.0	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	$39,216,945	$31,575,913	$158,209,325	$7,641,032
2022	$73,403,817	$23,292,911	$153,587,163	$50,110,906
2021	$81,693,226	$18,374,286	$95,994,128	$63,318,940
2020	$15,898,059	$15,343,537	$30,934,940	$554,522
2019	$23,709,426	$12,360,889	$27,643,072	$11,348,537
2018	$13,964,882	$10,077,690	$15,683,196	$3,887,192

Social Finance Inc