THE SOMO PROJECT (EIN 464140758) - 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

2014

Legal Domicile

Principal Officer

LILIAN WANJIKU

Phone

9144262055

Tax Period

2023-01-01 to 2023-12-31

THE SOMO PROJECT, founded in 2014, is a community nonprofit in the International Affairs sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $965K left a modest 9% surplus.

Mission

REGISTERED 501(C)(3) THAT PROVIDES TRAINING, MENTORSHIP, AND CAPITAL TO ENTREPRENEURS BUILDING BUSINESSES OUT OF LOW INCOME URBAN.

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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 $1,052,940

Program Service Revenue $0

Investment Income $9,900

Other Revenue $0

TOTAL REVENUE $1,062,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $62,895

Program Expenses $857,782

Other Expenses $902,225

TOTAL EXPENSES $965,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,062,840	$1,040,334	+0.0%
Expenses	$965,120	$751,109	+0.3%
Net Income	$97,720	$289,225	-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

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
AMELIA HOPKINS PHILLIPS	CEO	40	Officer Director	$0	$0	$0
EDEL WERE	BOARD CHAIR	40	Officer Director	$0	$0	$0
BRITTANY RYDEN	SECRETARY	40	Officer Director	$0	$0	$0
TOM PHILLIPS	TREASURER	40	Officer Director	$0	$0	$0
KAGURE WAMUNYU	BOARD MEMBER	40	Director	$0	$0	$0
ESKOR JOHN	BOARD MEMBER	40	Director	$0	$0	$0
FIONA KIRUBI	BOARD MEMBER	40	Director	$0	$0	$0
CHARLES WARRIA	BOARD MEMBER	40	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
2024	No data	No data	No data	No data
2023	$1,062,840	$965,120	$996,852	$97,720
2022	$1,040,334	$751,109	$854,608	$289,225
2021	$657,172	$642,970	$620,904	$14,202
2020	$543,027	$339,201	$393,745	$203,826
2019	$294,314	$239,500	$165,557	$54,814

THE SOMO PROJECT