SOMOSVC (EIN 863684224) - 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

2021

Legal Domicile

Principal Officer

MARIELA SALAS

Phone

6265528469

Tax Period

2023-01-01 to 2023-12-31

SOMOSVC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $510K in total revenue in fiscal year 2023. Revenue surged 235% from the prior year, signaling strong growth momentum. Expenses of $723K exceeded revenue, resulting in a 42% operating deficit.

Mission

INCREASE THE REPRESENTATION OF LATINX PROFESSIONALS IN VENTURE CAPITAL, HELP LATINX VENTURE INVESTORS BUILD THEIR CAREERS AND NETWORKS, AND IMPROVE ACCESS TO CAPITAL FOR LATINX-LED VENTURE FIRMS. WHEN VENTURE INVESTORS ARE EMPOWERED TO SHOW UP AS THEIR AUTHENTIC SELVES, THE FLOW OF CAPITAL FROM LIMITED PARTNERS TO VENTURE CAPITALISTS AND ULTIMATELY TO STARTUP FOUNDERS BECOMES MORE DIVERSIFIED IMPACTFUL, AND REPRESENTATIVE OF U.S. DEMOGRAPHICS.

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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 $477,010

Program Service Revenue $32,834

Investment Income $0

Other Revenue $0

TOTAL REVENUE $509,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,416

Fundraising Expenses $32,661

Program Expenses $611,599

Other Expenses $432,855

TOTAL EXPENSES $723,271

Year-over-Year Comparison

	2023	2022	Change
Revenue	$509,844	$152,141	+2.4%
Expenses	$723,271	$120,518	+5.0%
Net Income	$-213,427	$31,623	-7.7%

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

$174,798

Total Directors

$174,798

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIELA SALAS	EXECUTIVE DIRECTOR/SECRETARY	40.00	Officer Director	$152,126	$22,672	$174,798
RAMI REYES	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIA SALAMANCA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALAN ARTURO DAY	TREASURER	1.00	Officer Director	$0	$0	$0
VANESSA LARCO	DIRECTOR	1.00	Director	$0	$0	$0
LISETTE TELLEZ	DIRECTOR	1.00	Director	$0	$0	$0
MARJORIE LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
AL GUERRERO	DIRECTOR	1.00	Director	$0	$0	$0
JOMAYRA HERRERA	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY RAMIREZ BALLA	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE DETOMMASO	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
SERGIO MONSALVE	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$509,844	$723,271	$480,127	$-213,427
2022	$59,829	$99,200	$556,251	$-39,371
2022	$152,141	$120,518	$583,415	$31,623
2021	$600,000	$14,112	$585,976	$585,888

SOMOSVC