SOMERSET ACADEMY STEPHANIE PARENT TEACHER ORGANIZATION (EIN 900908652) - 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

2012

Legal Domicile

Principal Officer

LORI LARKIN

Phone

7029980500

Tax Period

2023-07-01 to 2024-06-30

SOMERSET ACADEMY STEPHANIE PARENT TEACHER ORGANIZATION, founded in 2012, is a micro nonprofit in the Education sector that reported $36K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $44K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENTS OF SOMERSET ACADEMY STEPHANIE BY SUBSIDIZING INSTRUCTIVE ENRICHMENT PROGRAMS AND TO PROVIDE FINANCIAL SUPPORT FOR STUDENT ACTIVITIES. ALSO, HELP FOSTER A SENSE OF COMMUNITY AND COOPERATION AMONG STUDENT BODY BY SPONSORING SOCIAL GATHERINGS AND EVENTSAIMED AT BRINGING STUDENTS, PARENTS, AND TEACHERS TOGETHER.

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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 $655

Program Service Revenue $0

Investment Income $0

Other Revenue $34,891

TOTAL REVENUE $35,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,991

Other Expenses $43,804

TOTAL EXPENSES $43,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,546	$43,994	-0.2%
Expenses	$43,804	$44,970	0.0%
Net Income	$-8,258	$-976	+7.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLIE GILLESPIE	SECRETARY	N/A	Officer	$0	$0	$0
LORI LARKIN	PRESIDENT	N/A	Officer	$0	$0	$0
MELISSA LENEAVE	TREASURER	N/A	Officer	$0	$0	$0
TEIRA NICHOLES	PUBLIC RELAT	N/A	Officer	$0	$0	$0
MAYREN RAMIREZ	TEACHER LIAI	N/A	Officer	$0	$0	$0
BRITTNEY RICCI	FUNDRAISING	N/A	Officer	$0	$0	$0
MELINA SCOTT	VICE PRESIDE	N/A	Officer	$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
2025	No data	No data	No data	No data
2024	$35,546	$43,804	$16,750	$-8,258
2019	$36,921	$44,677	$9,063	$-7,756

SOMERSET ACADEMY STEPHANIE PARENT TEACHER ORGANIZATION