Somerville Elks Charitable Trust I… - 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

Phone

9087224634

Tax Period

2024-04-01 to 2025-03-31

Somerville Elks Charitable Trust Inc is a small nonprofit in the Philanthropy & Grantmaking sector that reported $190K in total revenue in fiscal year 2024.

Mission

TO RAISE FUNDS TO PROVIDE SUPPORT AND SUBSIDY FOR THE SOMERVILLE ELK'S LODGE #1068 CHARITABLE AND CIVIC PROGRAMS AND ALSO TO RUN THE LODGE'S CHARITABLE AND CIVIC PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $138,653 Revenue: $129,093

JACK'S KIDS COMMITTEE - TO PROVIDE SUPPORT AND SUBSIDY TO FAMILIES AND INDIVIDUALS DEALING WITH CHILDREN OR LOVED ONES WITH SEVERE PHYSICAL OR MENTAL HANDICAPS OR MEDICAL ISSUES.

Program 2

Expenses: $25,834 Revenue: $65,181

SPECIAL CHILDREN'S COMMITTEE - TO SUPPORT AND SUBSIDIZE THE SPECIAL NEEDS CHILDREN'S PROGRAM AND TO SUPPORT THE SPECIAL NEEDS CHILDRENS CENTER SPONSER BY THE ELK'S LODGE.

Program 3

Expenses: $10,334 Revenue: $532

YOUTH ACTIVITIES COMMITTEE - TO ADMINISTER PROGRAMS DESIGNED TO GIVE LOCAL CHILDREN A FUN AND EDUCATIONAL EXPERIENCE AS WELL AS A SAFE PLACE TO GO AND BE THEMSELVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $154,357

Program Service Revenue $0

Investment Income $11,529

Other Revenue $24,449

TOTAL REVENUE $190,335

Expense Breakdown

Grants Paid $138,653

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $174,821

Other Expenses $46,236

TOTAL EXPENSES $184,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,335	$179,797	+0.1%
Expenses	$184,889	$58,882	+2.1%
Net Income	$5,446	$120,915	-1.0%

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
Connor Grade	Exalted Ruler	10.00	Officer Director	$0	$0	$0
John Hegedus	Trustee	10.00	Director	$0	$0	$0
Joe Keating	Trustee	10.00	Director	$0	$0	$0
Jim Daley	Trustee	10.00	Director	$0	$0	$0
Carmen Rotella	Trustee	10.00	Director	$0	$0	$0
Brian Brennan	Chairman	10.00	Officer Director	$0	$0	$0
Cynthia Freund	Secretary	10.00	Officer	$0	$0	$0
Morton Lazarus	Treasurer	10.00	Officer	$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	$190,335	$184,889	$333,740	$5,446
2023	$172,980	$153,736	$342,865	$19,244
2022	$163,538	$123,536	$340,428	$40,002
2021	$66,134	$106,835	$269,692	$-40,701

Somerville Elks Charitable Trust Inc