SAN JOSE, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
WE AIM TO INCREASE THE REPRESENTATION OF LATINO AND LATINA ("LATINX") PROFESSIONALS IN VENTURE CAPITAL, HELP LATINX VENTURE INVESTORS BUILD THEIR CAREERS AND NETWORKS, AND IMPROVE ACCESS TO CAPITAL FOR LATINX-LED VENTURE FIRMS.
DURING THE TAX YEAR, THE ORGANIZATION HAD A FELLOWSHIP PROGRAM PROVIDING FREE LECTURES TO LATINX PROFESSIONALS INTERESTED IN ENTERING THE VENTURE CAPITAL INDUSTRY AND A MENTORSHIP PROGRAM CONNECTING...
DURING THE TAX YEAR, THE ORGANIZATION HAD A FELLOWSHIP PROGRAM PROVIDING FREE LECTURES TO LATINX PROFESSIONALS INTERESTED IN ENTERING THE VENTURE CAPITAL INDUSTRY AND A MENTORSHIP PROGRAM CONNECTING JUNIOR LATINX VENTURE PROFESSIONALS WITH SENIOR VENTURE PROFESSIONALS FOR MENTORSHIP. THE ORGANIZATION ALSO HAD A REGULAR NEWSLETTER, PRIVATE TWITTER FORUM, AND SLACK GROUPS FOCUSED ON INFORMING PROFESSIONALS ABOUT JOB OPPORTUNITIES IN VENTURE CAPITAL AND OTHER PROFESSIONAL DEVELOPMENT OPPORTUNITIES, WITH A FOCUS ON LATINX PROFESSIONALS, AN EVENT FOR LATINX EMERGING MANAGERS TO SHARE BEST FUNDRAISING PRACTICES, EDUCATIONAL VIRTUAL PROGRAMMING EVENTS, AND INDUSTRY SPECIFIC EDUCATIONAL PANELS.
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 | $509,844 | $152,141 | +2.4% |
| Expenses | $723,271 | $120,518 | +5.0% |
| Net Income | $-213,427 | $31,623 | -7.7% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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