Southmore Foundation Inc (EIN 760120857) - 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

1983

Legal Domicile

Principal Officer

Denise Brisson

Phone

7136300661

Tax Period

2023-01-01 to 2023-12-31

Southmore Foundation Inc, founded in 1983, is a small nonprofit in the Religion sector that reported $687K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $6.6M represent 114 months of operating reserves.

Mission

Through a wide range of programs and activities focused on human, cultural, intellectual, professional and faith development, Southmore Foundation prepares women of all ages to take an active part in their schools, offices, and homes with an eye to building strong famalies, companies, and communities.

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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 $605,115

Program Service Revenue $76,282

Investment Income $0

Other Revenue $6,000

TOTAL REVENUE $687,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $305,057

Fundraising Expenses $509

Program Expenses $679,775

Other Expenses $396,472

TOTAL EXPENSES $701,529

Year-over-Year Comparison

	2023	2022	Change
Revenue	$687,397	$634,136	+0.1%
Expenses	$701,529	$672,385	+0.0%
Net Income	$-14,132	$-38,249	-0.6%

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

$8,000

Total Directors

$8,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Meredith Boles	Vice President	20.00	Officer Director	$8,000	$0	$8,000
Lorena Van Metre	President	20.00	Officer Director	$0	$0	$0
Patrice Pruitt	Director	20.00	Director	$0	$0	$0
Leisa Kirkpatrick	Secretary	5.00	Officer Director	$0	$0	$0
Gail O'Neill	Treasurer	5.00	Officer Director	$0	$0	$0
Patricia Keefe	Director	2.00	Director	$0	$0	$0
Laura Roman	Director	2.00	Director	$0	$0	$0
Denise Brisson	Vice President	20.00	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
2024	No data	No data	No data	No data
2023	$687,397	$701,529	$9,370,134	$-14,132
2022	$634,136	$672,385	$9,345,964	$-38,249
2021	$708,148	$616,010	$8,565,433	$92,138
2020	$703,625	$600,409	$8,307,648	$103,216

Southmore Foundation Inc