SOMERS EDUCATION FOUNDATION INC (EIN 731702479) - 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

2004

Legal Domicile

Principal Officer

PAUL SALVA

Phone

8608822813

Tax Period

2023-07-01 to 2024-06-30

SOMERS EDUCATION FOUNDATION INC, founded in 2004, is a small nonprofit in the Education sector that reported $107K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $45K, a strong 42% operating margin.

Mission

TO PROVIDE FUNDING TO THE SOMERS PUBLIC SCHOOLS FOR INNOVATIVE PROJECTS AND PROGRAMS THAT ENHANCE STUDENT LEARNING

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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 $36,327

Program Service Revenue $0

Investment Income $23,717

Other Revenue $46,833

TOTAL REVENUE $106,877

Expense Breakdown

Grants Paid $59,702

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,054

Other Expenses $2,352

TOTAL EXPENSES $62,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,877	$98,928	+0.1%
Expenses	$62,054	$56,766	+0.1%
Net Income	$44,823	$42,162	+0.1%

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
PAUL SALVA	PRESIDENT	5.00	Officer	$0	$0	$0
MICHELLE BERNIER	SECRETARY	5.00	Officer	$0	$0	$0
CHRIS CASTONGUAY	TREASURER	5.00	Officer	$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	No data	No data	No data	No data
2024	$106,877	$62,054	$1,012,871	$44,823
2023	$98,928	$56,766	$875,971	$42,162
2022	$87,868	$49,941	$782,010	$37,927
2021	$68,995	$53,441	$868,097	$15,554

SOMERS EDUCATION FOUNDATION INC