SOUTH EAST ASSOCIATED MINISTRIES 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

Formation Year

1974

Legal Domicile

Principal Officer

DONNA DAMATO

Phone

5025006697

Tax Period

2019-07-01 to 2020-06-30

SOUTH EAST ASSOCIATED MINISTRIES INC, founded in 1974, is a micro nonprofit that reported $21K in total revenue in fiscal year 2019. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $227K exceeded revenue, resulting in a 977% operating deficit.

Mission

TO PROVIDE SOCIAL SERVICES AND FINANCIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $90,943

PROVIDED DIRECT FINANCIAL ASSISTANCE AND EMERGENCY FOOD AND CLOTHING TO INDIVIDUALS AND FAMILIES. INTAKE APPLICATIONS FOR APPROXIMATELY 250 FAMILIES WERE PROCESSED DURING THE YEAR.

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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 (2019)

Revenue Breakdown

Contributions & Grants $12,037

Program Service Revenue $0

Investment Income $7,938

Other Revenue $1,054

TOTAL REVENUE $21,029

Expense Breakdown

Grants Paid $10,379

Salaries & Benefits $161,988

Fundraising Expenses $0

Program Expenses $90,943

Other Expenses $54,217

TOTAL EXPENSES $226,584

Year-over-Year Comparison

	2019	2018	Change
Revenue	$21,029	$800,352	-1.0%
Expenses	$226,584	$794,871	-0.7%
Net Income	$-205,555	$5,481	-38.5%

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

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

$60,884

Total Directors

$9,503

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA DAMATO	BOARD CHAIR	1.00	Director	$9,503	$0	$9,503
LORA MOLITOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN FLETCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY HATFIELD	EXECUTIVE DIRECTOR	1.00	Officer	$60,884	$0	$60,884

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
2020	$21,029	$226,584	No data	$-205,555
2019	$800,352	$794,871	$465,321	$5,481
2018	$736,706	$791,522	$485,948	$-54,816

SOUTH EAST ASSOCIATED MINISTRIES INC