THE SOMERVILLE FOUNDATION INC (EIN 814505509) - 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

2017

Legal Domicile

Principal Officer

BARRY RAFKIND

Phone

6174108690

Tax Period

2023-07-01 to 2024-06-30

THE SOMERVILLE FOUNDATION INC, founded in 2017, is a small nonprofit in the Education sector that reported $392K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $159K, a strong 41% operating margin.

Mission

THE MISSION OF THE SOMERVILLE EDUCATION FOUNDATION (SEF) IS TO PROMOTE LEARNING OPPORTUNITIES FOR ALL SOMERVILLE RESIDENTS.

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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 $347,328

Program Service Revenue $38,888

Investment Income $0

Other Revenue $6,190

TOTAL REVENUE $392,406

Expense Breakdown

Grants Paid $30,157

Salaries & Benefits $73,369

Fundraising Expenses $56

Program Expenses $223,806

Other Expenses $129,392

TOTAL EXPENSES $232,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$392,406	$275,682	+0.4%
Expenses	$232,918	$228,175	+0.0%
Net Income	$159,488	$47,507	+2.4%

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
GREG NADEAU	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILBERT PINEDA	CO-VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARRY RAFKIND	TREASURER	1.00	Officer Director	$0	$0	$0
MARIAN BERKOWITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE CHIU	BOARD MEMBER	1.00	Director	$0	$0	$0
SALADIN ISLAM	CO-VICE PRESIDENT	1.00	Director	$0	$0	$0
JOE CURTATONE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ADELEINE MANNION	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE TATE	BOARD MEMBER	1.00	Director	$0	$0	$0
VLADIMIR BENOIT	BOARD MEMBER	1.00	Director	$0	$0	$0
RUTH MENDOZA	BOARD MEMBER	1.00	Director	$0	$0	$0
REGINA CAREY	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$392,406	$232,918	$380,386	$159,488
2023	$275,682	$228,175	$258,191	$47,507
2021	$286,390	$141,946	$168,899	$144,444

THE SOMERVILLE FOUNDATION INC