Downtown Somerville Alliance Inc (EIN 831816003) - 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

1988

Legal Domicile

Principal Officer

Olivia Manning

Phone

9085240104

Tax Period

2024-01-01 to 2024-12-31

Downtown Somerville Alliance Inc, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $975K in total revenue in fiscal year 2024. The organization ran a surplus of $185K, a strong 19% operating margin.

Mission

Promote Downtown Somerville as the heart of commerce, culture and community life for residents and visitors alike.

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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 $960,232

Program Service Revenue $8,586

Investment Income $220

Other Revenue $5,787

TOTAL REVENUE $974,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,131

Fundraising Expenses $0

Program Expenses $738,697

Other Expenses $598,743

TOTAL EXPENSES $789,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$974,825	$953,932	+0.0%
Expenses	$789,874	$1,020,042	-0.2%
Net Income	$184,951	$-66,110	-3.8%

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

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

$45,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chas Stevens	Chairperson	2.00	Officer	$0	$0	$0
Mike Kerwin	Vice Chairperson	2.00	Officer	$0	$0	$0
RanD Pitts	Treasurer	2.00	Officer	$0	$0	$0
Kevin Sluka	Secretary	2.00	Officer	$0	$0	$0
Natalia Kleyman	Board Member	2.00	Director	$0	$0	$0
Rick St Pierre	Board Member	2.00	Director	$0	$0	$0
Adrianna Popowych	Board Member	2.00	Director	$0	$0	$0
Beth Akkaway	Board Member	2.00	Director	$0	$0	$0
Tania Altoff	Board Member	2.00	Director	$0	$0	$0
Ed Rebenack	Board Member	2.00	Director	$0	$0	$0
Olivia Manning	Executive Director	40.00	Officer	$45,769	$0	$45,769

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	$974,825	$789,874	$111,695	$184,951
2023	$953,932	$1,020,042	No data	$-66,110
2022	$837,571	$965,996	$54,000	$-128,425
2021	$629,582	$887,338	$77,655	$-257,756
2020	$605,966	$734,021	$309,888	$-128,055
2019	$1,056,236	$658,293	$397,943	$397,943

Downtown Somerville Alliance Inc