SOUTHERN MUTUAL FINANCIAL SERVICES INC (EIN 721462016) - 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

2000

Legal Domicile

Principal Officer

LORNA BOURG

Phone

3373673277

Tax Period

2021-01-01 to 2021-12-31

SOUTHERN MUTUAL FINANCIAL SERVICES INC, founded in 2000, is a micro nonprofit in the Housing & Shelter sector that reported $40K in total revenue in fiscal year 2021. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $140K exceeded revenue, resulting in a 252% operating deficit.

Mission

THE ORGANIZATION IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CONCERNED WITH QUALITY OF LIFE OF VERY LOW,LOW & MODERATE INCOME PERSONS ESPECIALLY PERTAINING TO AFFORDABLE HOUSING,HOME OWNERSHIP TRAINING ED. & FINANCIAL BUDGETING ESPECIALLY IN NINE RURAL PARISHES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $16,793

Program Service Revenue $22,585

Investment Income $450

Other Revenue $0

TOTAL REVENUE $39,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,497

Fundraising Expenses $0

Program Expenses $110,167

Other Expenses $105,653

TOTAL EXPENSES $140,150

Year-over-Year Comparison

	2021	2020	Change
Revenue	$39,828	$94,822	-0.6%
Expenses	$140,150	$140,078	+0.0%
Net Income	$-100,322	$-45,256	+1.2%

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

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

$139,461

Total Directors

$139,461

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORNA BOURG	Treasurer	6.00	Officer Director	$0	$18,973	$135,137
HELEN VINTON	Secretary	4.00	Officer Director	$0	$4,324	$4,324
MARTHA MOORE	MEMBER	1.00	Director	$0	$0	$0
LIONEL METZ	Board Member	1.00	Director	$0	$0	$0
DR PHEBE HAYES	President	2.00	Officer 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
2021	$39,828	$140,150	$754,206	$-100,322
2020	$94,822	$140,078	$909,954	$-45,256
2019	$69,967	$190,179	$1,037,646	$-120,212
2018	$145,892	$171,529	$1,149,392	$-25,637

SOUTHERN MUTUAL FINANCIAL SERVICES INC