SoGaL Foundation

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Elizabeth Galbut

Phone

2395951163

Tax Period

2022-01-01 to 2022-12-31

SoGaL Foundation, founded in 2018, is a small nonprofit in the Education sector that reported $421K in total revenue in fiscal year 2022. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $191K, a strong 45% operating margin.

Mission

TO CLOSE THE DIVERSITY GAP IN ENTREPRENEURSHIP AND VENTURE CAPITAL

Program Service Accomplishments

Program 1

Expenses: $110,530

Our regular webinar series and a series of in-person trainings provides training and mentorship for junior women beginning their careers in Venture Capital (VC) and angel investing to ask questions and get advice in a candid, safe setting. As a result, through these educational trainings, the Foundation will educate and galvanize diverse future investors, who will in turn invest at least $1.5M+ in underrepresented founders. The Foundation is hosting our third annual global competition for female and underrepresented founders with multiple regional rounds, and a three-day immersive bootcamp for the cohort of global finalists. The Foundation is providing the unique opportunity for underrepresented founders to compete in multiple rounds and learn in an immersive educational bootcamp, with an exclusive opportunity for exposure and feedback. This educational initiative and publicity has the potential to result in VC feedback and a chance to secure funding which aids female-owned businesses, which are a minority in the VC world. The Foundation hosts 12 online fireside chats on often-ignored systemic issues such as societal expectations & pressures of marriage, fertility & childcare, and eldercare, reaching more than 1,200 diverse entrepreneurs. The webinar participants learn new ways to cope with the stresses entrepreneurs face, a stronger understanding of their finances, or additional confidence in speaking to media. The Foundation hosts mental health, financial literacy, and media training educational webinars reaching more than 2,400 diverse entrepreneurs. Webinars may be accompanied by in person events facilitated by Facebook live. The webinar participants will learn new strategies & resources to strengthen resilience despite the often ignored systemic issues, societal expectations, and family responsibility pressures. Through grant funding, the Foundation provides startup funding awards to minority women and non-binary business entrepreneurs

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $419,261

Program Service Revenue $0

Investment Income $1,801

Other Revenue $0

TOTAL REVENUE $421,062

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $116,272

Fundraising Expenses $0

Program Expenses $110,530

Other Expenses $54,193

TOTAL EXPENSES $230,465

Year-over-Year Comparison

	2022	2021	Change
Revenue	$421,062	$302,952	+0.4%
Expenses	$230,465	$435,485	-0.5%
Net Income	$190,597	$-132,533	-2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$63,236

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN DRABICK	OPERATIONS & PARTNERSHIPS MANA	40.0	Officer	$63,236	$0	$63,236
Elizabeth Galbut	Co-Chair	5.0	Officer Director	$0	$0	$0
YIQING POCKET SUN	Co-Chair	5.0	Officer Director	$0	$0	$0
Elaine Truong	Secretary	5.0	Officer Director	$0	$0	$0
Calanthia Mei	member	5.0	Director	$0	$0	$0
Taylor Hebble	Treasurer	5.0	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
2022	$421,062	$230,465	$713,255	$190,597
2021	$302,952	$435,485	$822,658	$-132,533
2020	$512,049	$760,133	$510,196	$-248,084
2019	$231,849	$399,049	$754,819	$-167,200
2018	$1,034,347	$113,872	$920,475	$920,475