SOMD LOVES YOU INC

EIN: 850597353 501(c)(3) Human Services

LEONARDTOWN, MD

Total Revenue
$14,337
Total Expenses
$309,673
Total Assets
$42,670
Net Assets
$41,241
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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
2020
Legal Domicile
MD
Principal Officer
BARBARA IVES
Phone
4105070418
Tax Period
2021-01-01 to 2021-12-31

SOMD LOVES YOU INC, founded in 2020, is a micro nonprofit in the Human Services sector that reported $14K in total revenue in fiscal year 2021. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $310K exceeded revenue, resulting in a 2060% operating deficit.

Mission

TO INSPIRE CONSERVATION AND REUSE OF PPE TO REDUCE RESOURCE COSTS

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $14,302
Program Service Revenue $0
Investment Income $35
Other Revenue $0
TOTAL REVENUE $14,337

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $263,550
Other Expenses $309,673
TOTAL EXPENSES $309,673

Year-over-Year Comparison

2021 2020 Change
Revenue $14,337 $346,043 -1.0%
Expenses $309,673 $9,466 +31.7%
Net Income $-295,336 $336,577 -1.9%
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

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Governance

Voting Members
5
Independent Members
3
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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNA FROSIO TREASURER 2.00
Officer Director
$0 $0 $0
MATTHEW HAYES OPERATIONAL/ 15.00
Director
$0 $0 $0
BARBARA IVES PRESIDENT/SE 4.00
Officer Director
$0 $0 $0
BRIAN JORDAN VICE PRESIDE 5.00
Officer Director
$0 $0 $0
TOMMY LUGINBILL OUTREACH/PAR 15.00
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
2021 $14,337 $309,673 $42,670 $-295,336
2020 $346,043 $9,466 $453,109 $336,577
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