Soma Basketball Boosters Inc

Nonprofit profile at a glance

EIN
994278568
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024
Location
Maplewood, NJ, USA
Rating
45
Verdict
MIXED
Rating confidence
Moderate
Sector
Human Services

Reported finances

Revenue
$23,757
Expenses
$15,453
Assets
$8,304

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Tracy Flanagan (President)
  • Taylor Valentine (Vice-President)

People named in this filing

  • Tracy Flanagan (President)
  • Taylor Valentine (Vice-President)
  • Nicholas Salem (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Public Charity 509a2

What it reported doing in 2024

Makes charitable donations to multiple South Orange and Maplewood community organizations in need. 1. SOMA Kids-Feed-Kids 2. Girl-to-Girl Middle School 3. Clinton School 4. CHS Boys Boosters 5. CHS Girls Boosters

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 19
  • Transparency & Controls: 82
  • Sustainability: 55
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 16.5%; rating input score 16
  • Program expense ratio: 25.4%; rating input score 25

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 35%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 0.54; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 16.5% of revenue deployed · 25.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $4K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 16/100.
  • High — Financial Efficiency: Program expense ratio scored 25/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.