SOMERSET WOODS TRUSTEES

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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

1927

Legal Domicile

Principal Officer

JENNIFER BROCKWAY

Phone

2076797306

Tax Period

2023-01-01 to 2023-12-31

SOMERSET WOODS TRUSTEES, founded in 1927, is a small nonprofit in the Environment sector that reported $726K in total revenue in fiscal year 2023. Revenue surged 1072% from the prior year, signaling strong growth momentum. The organization ran a surplus of $574K, a strong 79% operating margin.

Mission

TO PROTECT AND CONSERVE LAND WITH SIGNIFICANT ECOLOGICAL OR CULTURAL RESOURCES AND MANAGE THEM IN A SUSTAINABLE WAY FOR PUBLIC BENEFIT.

Program Service Accomplishments

Program 1

Expenses: $103,844

LAND CONSERVATION: THROUGH COMMUNITY PARTNERSHIPS AND COLLABORATION WITH LANDOWNERS, SOMERSET WOODS TRUSTEES CONSERVES SOMERSET COUNTY'S SPECIAL PLACES FOR THE BENEFIT OF ALL. OUR LANDS PORTFOLIO...

LAND CONSERVATION: THROUGH COMMUNITY PARTNERSHIPS AND COLLABORATION WITH LANDOWNERS, SOMERSET WOODS TRUSTEES CONSERVES SOMERSET COUNTY'S SPECIAL PLACES FOR THE BENEFIT OF ALL. OUR LANDS PORTFOLIO INCLUDES MORE THAN 2,000 ACRES CONSERVED IN PERPETUITY AND MANAGED FOR WILDLIFE HABITAT, SUSTAINABLE FORESTRY, OUTDOOR RECREATION AND CLIMATE RESILIENCY.

Program 2

Expenses: $17,919

OUTDOOR RECREATION: SOMERSET WOODS TRUSTEES BUILDS AND MAINTAINS TRAILS FOR NON-MOTORIZED RECREATION FOR COMMUNITY USE. WE BELIEVE IN INCLUSIVE PUBLIC ACCESS TO THE OUTDOORS TO ENHANCE PUBLIC HEALTH...

Program 3

Expenses: $7,758

ENVIRONMENTAL EDUCATION: SOMERSET WOODS TRUSTEES HOSTS EDUCATIONAL PROGRAMS AND ACTIVITIES INCLUDING GUIDED WALKS, PRESENTATIONS, AND WORKSHOPS DESIGNED TO INCREASE APPRECIATION FOR AND STEWARDSHIP...

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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 $700,749

Program Service Revenue $0

Investment Income $13,777

Other Revenue $11,695

TOTAL REVENUE $726,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,504

Fundraising Expenses $8,451

Program Expenses $129,521

Other Expenses $87,502

TOTAL EXPENSES $152,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$726,221	$61,961	+10.7%
Expenses	$152,006	$61,126	+1.5%
Net Income	$574,215	$835	+686.7%

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

Volunteers

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

$51,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER BROCKWAY	EXECUTIVE DI	40.00	Officer	$51,850	$0	$51,850
DAVIDA BARTER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDY DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
ANN DORNEY	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE DRUMMOND	TRUSTEE	1.00	Director	$0	$0	$0
JACK GIBSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA HAGAR	TRUSTEE	1.00	Director	$0	$0	$0
ERNEST HILTON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ERIC LAHTI	TRUSTEE	1.00	Director	$0	$0	$0
SARAH BIGNEY MCCABE	TRUSTEE	1.00	Director	$0	$0	$0
JIM VERDERESE	TRUSTEE	1.00	Director	$0	$0	$0
DARRYLL WHITE	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS YOUNG	TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$726,221	$152,006	$2,129,160	$574,215
2022	$61,961	$61,126	$1,474,430	$835
2021	$104,245	$63,581	$1,510,398	$40,664
2020	$131,228	$30,316	$1,433,850	$100,912
2019	$463,761	$33,337	$1,302,440	$430,424
2018	$162,303	$60,099	$845,369	$102,204