SOMERSET ACADEMY FOUNDATION INC (EIN 464129017) - 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

2013

Legal Domicile

Principal Officer

SUZETTE RUIZ

Phone

3056692906

Tax Period

2024-07-01 to 2025-06-30

SOMERSET ACADEMY FOUNDATION INC, founded in 2013, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.2M, a strong 35% operating margin.

Mission

SOMERSET ACADEMY FOUNDATION, INC. SERVES AS A TYPE 1 SUPPORTING ORGANIZATION FOR SOMERSET ACADEMY, INC., A SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION THAT OPERATES CHARTER SCHOOLS IN MIAMI-DADE COUNTY, FLORIDA.

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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 $0

Program Service Revenue $3,047,080

Investment Income $263,029

Other Revenue $0

TOTAL REVENUE $3,310,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,124,732

Other Expenses $2,149,402

TOTAL EXPENSES $2,149,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,310,109	$3,156,461	+0.0%
Expenses	$2,149,402	$2,428,596	-0.1%
Net Income	$1,160,707	$727,865	+0.6%

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

N/A

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
DAVID CONCEPCION	DIRECTOR, SECRETARY	2.00	Officer Director	$0	$0	$0
SUZETTE RUIZ	PRESIDENT,CHAIRMAN, DIRECTOR	2.00	Officer Director	$0	$0	$0
BERNIE MONTERO	VICE PRESIDENT, DIRECTOR	2.00	Officer Director	$0	$0	$0
TONY MORALES	TREASURER, DIRECTOR	2.00	Officer Director	$0	$0	$0
TODD GERMAN	DIRECTOR	2.00	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	$3,310,109	$2,149,402	$40,247,277	$1,160,707
2024	$3,156,461	$2,428,596	$34,110,451	$727,865
2023	$3,493,383	$1,809,414	$31,810,445	$1,683,969
2022	$1,771,098	$1,454,136	$29,085,662	$316,962
2021	$1,359,200	$1,016,808	$17,885,809	$342,392
2020	$1,389,607	$1,029,068	$17,789,167	$360,539
2019	$1,111,991	$1,262,386	$17,717,921	$-150,395
2018	$466,933	$187,181	$7,573,755	$279,752

SOMERSET ACADEMY FOUNDATION INC