SMITH ISLAND UNITED INC (EIN 474841525) - 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

2015

Legal Domicile

Principal Officer

EDDIE SOMERS

Tax Period

2023-01-01 to 2023-12-31

SMITH ISLAND UNITED INC, founded in 2015, is a small nonprofit that reported $273K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $87K, a strong 32% operating margin.

Mission

THE PROGRAMS PAID FOR IMPROVE THE QUALITY OF LIFE FOR ISLANDERS, PROMOTES TOURISM, INCREASES COMMERCE

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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 $273,109

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $273,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,785

Program Expenses $176,100

Other Expenses $185,684

TOTAL EXPENSES $185,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$273,109	$318,693	-0.1%
Expenses	$185,684	$325,561	-0.4%
Net Income	$87,425	$-6,868	-13.7%

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

N/A

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
EDDIE SOMERS	President	15.00	Officer Director	$0	$0	$0
MARK KITCHING	Vice President	2.00	Officer Director	$0	$0	$0
BUDDY EVANS	Treasurer	4.00	Officer Director	$0	$0	$0
MISSY EVANS	Secretary	2.00	Officer Director	$0	$0	$0
JOHNNY TYLER	Director	1.00	Director	$0	$0	$0
PAL BRADSHAW	Director	1.00	Director	$0	$0	$0
DR ROBERT FLOROS	Director	1.00	Director	$0	$0	$0
CHRIS MARSHALL	Director	1.00	Director	$0	$0	$0
JESSIE MARSH	Director	1.00	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
2023	$273,109	$185,684	$107,573	$87,425
2022	$318,693	$325,561	$20,148	$-6,868

SMITH ISLAND UNITED INC