Verily Magazine Inc

EIN: 921337166 501(c)(3) Civil Rights & Advocacy

Lakewood, OH

Total Revenue
$309,680
Total Expenses
$315,925
Total Assets
$345
Net Assets
$-13,369
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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
2022
Legal Domicile
DE
Principal Officer
Mary Rose Somarriba
Tax Period
2024-01-01 to 2024-12-31

Verily Magazine Inc, founded in 2022, is a small nonprofit in the Civil Rights & Advocacy sector that reported $310K in total revenue in fiscal year 2024.

Mission

Verilys mission is to further honesty ethics and authenticity in womens media. One of Verilys journalistic goals is to ameliorate unhealthy standards for womens physical appearances which have been promoted for decades leading to significant and oppressively damaging effects on womens health self-image and personal relationships as well as societys expectations of women.

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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 (2024)

Revenue Breakdown

Contributions & Grants $269,413
Program Service Revenue $40,267
Investment Income $0
Other Revenue $0
TOTAL REVENUE $309,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $5,794
Program Expenses $295,984
Other Expenses $315,925
TOTAL EXPENSES $315,925

Year-over-Year Comparison

2024 2023 Change
Revenue $309,680 N/A N/A
Expenses $315,925 N/A N/A
Net Income $-6,245 N/A N/A
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
3
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
1
$100,000
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sean Fieler Director 1.00
Director
$0 $0 $0
Daniel Veres Director 1.00
Director
$0 $0 $0
Mary Rose Somarriba Executive Director 40.00
Officer
$100,000 $0 $100,000
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 $309,680 $315,925 $345 $-6,245
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