Verily Magazine Inc

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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

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.

Program Service Accomplishments

Program 1

Expenses: $295,984 Revenue: $40,267

Verily Magazine successfully relaunched the print magazine in 2024 and re-engaged its subscriber base. Verily produced three magazines including articles and features to educate the general public on women issues and experiences promote social welfare and health and elevate women voices to eliminate prejudice and discrimination that women face specifically within the media - were inherently charitable and educational in nature. Verily distributed at least 1000 magazines to women at no cost and at least 2000 to women at below-cost of production. Verily conducted contests for women to submit poetry photography and fiction-writing awarding and publishing the top submissions. Verily worked to establish its base of new donors and cultivated its philanthropy program as a nonprofit. Verily attended conferences to expand awareness of womens voices issues and experiences.

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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 $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

Governance

Voting Members

Independent Members

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

$100,000

Total Directors

Key Employees

Highest Compensated

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