SONGEA HOLDING CORPORATION (EIN 311717153) - 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

2000

Legal Domicile

Principal Officer

VALERIE BARTON-RICHARDSON

Phone

7182872600

Tax Period

2023-07-01 to 2024-06-30

SONGEA HOLDING CORPORATION, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $590K in total revenue in fiscal year 2023. Expenses of $541K left a modest 8% surplus.

Mission

SONGEA IS AN ORGANIZATION THAT ACQUIRES AND HOLDS TITLE TO REAL PROPERTY FOR THE SOLE BENEFIT AND AS A NOMINEE OF CAMBA INC.

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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 $0

Program Service Revenue $590,174

Investment Income $0

Other Revenue $0

TOTAL REVENUE $590,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $435,654

Other Expenses $540,688

TOTAL EXPENSES $540,688

Year-over-Year Comparison

	2023	2022	Change
Revenue	$590,174	$590,174	N/A
Expenses	$540,688	$507,795	+0.1%
Net Income	$49,486	$82,379	-0.4%

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

$1,879,849

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER ZARRA	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHERINE O'NEILL	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRENCE KELLEHER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNE OPLUSTIL	PRESIDENT/CEO THRU MAY 2024	1.00	Officer	$0	$137,282	$689,020
VALERIE BARTON-RICHARDSON	PRESIDENT/CEO AS OF MAY 2024	1.00	Officer	$0	$46,355	$460,130
THOMAS DAMBAKLY	CHIEF ADMINISTRATIVE OFFICER	1.00	Officer	$0	$67,595	$468,156
JASON BOUCHARD	CFO	1.00	Officer	$0	$56,662	$262,543

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	$590,174	$540,688	$2,763,010	$49,486
2023	$590,174	$507,795	$2,640,125	$82,379
2022	$504,982	$503,801	$2,622,173	$1,181
2021	$504,083	$503,274	$2,746,724	$809
2020	$505,213	$504,391	$2,654,059	$822
2019	$504,102	$584,007	$2,870,414	$-79,905
2018	$504,102	$497,913	$2,760,687	$6,189

SONGEA HOLDING CORPORATION