SOMERVILLE, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE MISSION OF THE SOMERVILLE EDUCATION FOUNDATION (SEF) IS TO PROMOTE LEARNING OPPORTUNITIES FOR ALL SOMERVILLE RESIDENTS.
THE MISSION OF THE SOMERVILLE EDUCATION FOUNDATION (SEF) IS TO PROMOTE LEARNING OPPORTUNITIES FOR ALL SOMERVILLE RESIDENTS WITH THE FOLLOWING FOCUS AREAS:1) BASIC NEEDS - PRIORITIZE COMMUNITY...
THE MISSION OF THE SOMERVILLE EDUCATION FOUNDATION (SEF) IS TO PROMOTE LEARNING OPPORTUNITIES FOR ALL SOMERVILLE RESIDENTS WITH THE FOLLOWING FOCUS AREAS:1) BASIC NEEDS - PRIORITIZE COMMUNITY RESOURCES TO FIRST ENSURE THAT ALL CHILDREN AND YOUNG PEOPLE ARE SECURE IN BASIC NEEDS FOR FOOD, SHELTER, CLOTHING, SUPPORT FOR RESIDENCE STATUS, HEALTH, MENTAL HEALTH, AND ARE READY TO LEARN.2) YEAR-ROUND LEARNING - PROVIDE FINANCIAL SUPPORT THAT WILL ENABLE ALL OF SOMERVILLE'S CHILDREN AND YOUNG PEOPLE TO BENEFIT FROM ENHANCED LEARNING EXPERIENCES THAT WILL ENABLE THEM TO REACH THEIR FULL POTENTIAL BY - ENCOURAGING THE DEVELOPMENT OF INNOVATIVE INSTRUCTIONAL METHODS, THE ACQUISITION AND USE OF ENRICHED TEACHING MATERIALS, AND THE PILOTING OF NEW TECHNOLOGY AND COMMUNITY PARTNERSHIPS IN THE CLASSROOM. - EXPANDING ACCESS TO HIGH QUALITY OUT-OF-SCHOOL TIME PROGRAMS FOR ALL OF SOMERVILLE'S CHILDREN AND YOUNG PEOPLE. 3) APPLIED LEARNING - ENSURE ALL HIGH SCHOOL STUDENTS HAVE THE OPPORTUNITY TO ACCESS INTERNSHIPS, SUMMER JOBS, COOPS, AND PROJECT BASED APPLIED LEARNING OPPORTUNITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare THE SOMERVILLE FOUNDATION INC with other nonprofits in Massachusetts and across the country.