SOMERCOR 504 INC (EIN 363837330) - 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

1993

Legal Domicile

Principal Officer

MANUEL FLORES

Phone

3123603300

Tax Period

2023-10-01 to 2024-09-30

SOMERCOR 504 INC, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $7.0M in total revenue in fiscal year 2023.

Mission

FOSTERING ECONOMIC DEVELOPMENT AND JOB CREATION THROUGH SBA 504 LOANS AND GRANT ADMINISTRATION.

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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 $6,149,714

Investment Income $869,639

Other Revenue $0

TOTAL REVENUE $7,019,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,038,104

Fundraising Expenses $0

Program Expenses $5,416,948

Other Expenses $1,820,896

TOTAL EXPENSES $6,859,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,019,353	$7,033,646	0.0%
Expenses	$6,859,000	$6,409,215	+0.1%
Net Income	$160,353	$624,431	-0.7%

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

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

$2,108,689

Total Directors

$325,325

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN AVDALAS	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN BURKE	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY BRONSWICK	DIRECTOR	2.00	Director	$0	$0	$0
JAMES BRUNO	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MARTINO	DIRECTOR	2.00	Director	$0	$0	$0
ERICA MCPHERSON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL PLUMB	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM W TOWNS	DIRECTOR	2.00	Director	$0	$0	$0
JULIE WINTERBAUER	DIRECTOR	2.00	Director	$0	$0	$0
SIMON YOHANAN	DIRECTOR	2.00	Director	$0	$0	$0
MARGY SWEENEY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
THOMAS HUFFMAN	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JON WINICK	CHAIRMAN EMERITUS	2.00	Officer Director	$0	$0	$0
MANUEL FLORES	PRESIDENT/CEO	40.00	Officer Director	$309,409	$15,916	$325,325
MARGARET GRIFFIN	EXECUTIVE VICE PRESIDENT	40.00	Officer	$253,287	$15,751	$269,038
MILAN MASLIC	EXECUTIVE VICE PRESIDENT	40.00	Officer	$275,827	$7,066	$282,893
DAVID SOMMERS	EXECUTIVE VICE PRESIDENT	40.00	Officer	$228,519	$16,848	$245,367
ERIC BACON	SENIOR VICE PRESIDENT	40.00	Officer	$295,642	$22,605	$318,247
DARIN GEHRKE	SENIOR VICE PRESIDENT	40.00	Officer	$135,000	$16,380	$151,380
DEBRA MORACK	SENIOR VICE PRESIDENT	40.00	Officer	$154,723	$10,992	$165,715
ELISABETH WILLIAMS	SENIOR VICE PRESIDENT	40.00	Officer	$300,361	$12,140	$312,501
MANISH LAROIA	SVP CHIEF CREDIT OFFICER	40.00	Officer	$35,308	$2,915	$38,223
SANDRA BERRIOS	LOAN SERVICING ADMINISTRATOR	40.00	Highest	$103,071	$11,344	$114,415
MONICA CZUBIAK	SENIOR CLOSING OFFICER	40.00	Highest	$104,735	$9,418	$114,153
SILVIA OROZCO	VP SBIF PROGRAM DIRECTOR	40.00	Highest	$129,692	$8,325	$138,017
AMBER SMITH	VP MARKETING & COMMUNICATIONS	40.00	Highest	$129,692	$11,556	$141,248
REUBEN WADDY	VP NOF DIRECTOR	40.00	Highest	$121,088	$10,402	$131,490
BRIAN COMISKEY	FORMER EVP & CLO (THRU 9/23)	40.00		$192,900	$15,463	$208,363

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	$7,019,353	$6,859,000	$5,000,965	$160,353
2023	$7,033,646	$6,409,215	$4,621,861	$624,431
2022	$6,752,112	$6,503,263	$3,369,835	$248,849
2021	$5,498,037	$5,281,761	$3,029,721	$216,276
2020	$11,879,907	$11,310,880	$4,697,113	$569,027
2019	$5,325,040	$4,920,583	$3,456,244	$404,457
2018	$4,995,557	$4,858,700	$3,715,501	$136,857

SOMERCOR 504 INC