SOMERSET PARENT TEACHER ASSOCIATION (EIN 910977239) - 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

1978

Legal Domicile

Principal Officer

MEI XU

Phone

5402301158

Tax Period

2024-07-01 to 2025-06-30

SOMERSET PARENT TEACHER ASSOCIATION, founded in 1978, is a small nonprofit in the Education sector that reported $364K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

TO SUPPORT THE EDUCATION, HEALTH AND WELFARE OF CHILDREN AT SOMERSET ELEMENTARY SCHOOL.

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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 $192,010

Program Service Revenue $177,671

Investment Income $91

Other Revenue $-6,270

TOTAL REVENUE $363,502

Expense Breakdown

Grants Paid $12,920

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $362,670

Other Expenses $353,789

TOTAL EXPENSES $366,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,502	$420,522	-0.1%
Expenses	$366,709	$431,685	-0.2%
Net Income	$-3,207	$-11,163	-0.7%

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

N/A

Volunteers

150

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
JILLIANNE BRAKENRIDGE	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL CHEN	CO-VP PROGRA	3.00	Officer Director	$0	$0	$0
GRAZIELI DUELI	CO-VP COMMUN	3.00	Officer Director	$0	$0	$0
CHING FONG	CO-SECRETARY	3.00	Officer Director	$0	$0	$0
ARVIND GANESAN	VP WAYS AND	3.00	Officer Director	$0	$0	$0
CRISTINA GUTIERREZ	CO-VP COMMUN	3.00	Officer Director	$0	$0	$0
CRISTY IACOLUCCI	BOARD MEMBER	3.00	Director	$0	$0	$0
KELLEY IBUKI	CO-PRESIDENT	3.00	Officer Director	$0	$0	$0
STEPHANIE KEEHN	BOARD MEMBER	3.00	Director	$0	$0	$0
STEPHANIE LEE	BOARD MEMBER	3.00	Director	$0	$0	$0
CARINA LOU	BOARD MEMBER	3.00	Director	$0	$0	$0
HANNAH PHAN	CO-TREASURER	3.00	Officer Director	$0	$0	$0
RANDI ROTH	BOARD MEMBER	3.00	Director	$0	$0	$0
SHERRY SHYH	CO-PRESIDENT	3.00	Officer Director	$0	$0	$0
HUI WANG	CO-VP PROGRA	3.00	Officer Director	$0	$0	$0
MEI XU	CO-TREASURER	3.00	Officer Director	$0	$0	$0
JOANNA YANG	CO-SECRETARY	3.00	Officer Director	$0	$0	$0
MICHAEL YIM	BOARD MEMBER	3.00	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
2025	$363,502	$366,709	$272,820	$-3,207
2024	$420,522	$431,685	$276,027	$-11,163
2023	$230,535	$219,324	$287,452	$11,211
2022	$263,505	$227,860	$275,979	$35,645
2021	$151,901	$234,373	$240,334	$-82,472
2020	$229,877	$272,133	$322,806	$-42,256

SOMERSET PARENT TEACHER ASSOCIATION