SOUTHERN NEW ENGLAND SOCIAL ASSISTANCE ASSOCIATION (EIN 753078684) - 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

2002

Legal Domicile

Principal Officer

KIM SANTOS

Phone

7743654441

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN NEW ENGLAND SOCIAL ASSISTANCE ASSOCIATION, founded in 2002, is a small nonprofit in the Human Services sector that reported $604K in total revenue in fiscal year 2024.

Mission

TO ASSIST THOSE INDIVIDUALS WHO RECEIVE FEDERAL BENEFITS AND WHO HAVE BEEN DEEMED NOT COMPETENT TO MANAGE THEIR OWN FUNDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $603,866

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $603,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $449,927

Fundraising Expenses $0

Program Expenses $541,536

Other Expenses $173,534

TOTAL EXPENSES $623,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$603,866	$583,838	+0.0%
Expenses	$623,461	$572,771	+0.1%
Net Income	$-19,595	$11,067	-2.8%

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

$214,284

Total Directors

$214,284

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY CORVILLE	TREASURER	40.00	Officer Director	$103,220	$0	$103,220
KIM SANTOS	PRESIDENT	40.00	Officer Director	$103,220	$0	$103,220
GEOFFREY MORIN	CLERK	3.00	Officer Director	$7,844	$0	$7,844

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	$603,866	$623,461	$70,530	$-19,595
2023	$583,838	$572,771	$90,125	$11,067
2022	$533,263	$505,405	$79,058	$27,858
2021	$463,927	$476,913	$51,200	$-12,986
2020	$476,591	$478,085	$64,186	$-1,494
2019	$436,599	$418,653	$65,680	$17,946
2018	$410,489	$422,749	$47,734	$-12,260

SOUTHERN NEW ENGLAND SOCIAL ASSISTANCE ASSOCIATION