THE SOMERSET CLUB (EIN 041850150) - 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

1925

Legal Domicile

Principal Officer

RICHARD BATCHELDER JR

Phone

6172271731

Tax Period

2024-04-01 to 2025-03-31

THE SOMERSET CLUB, founded in 1925, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Expenses of $3.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE SOMERSET CLUB IS ESTABLISHED IN THE CITY OF BOSTON FOR THE PROMOTION OF SOCIAL INTERCOURSE. THE CLUB'S RESTAURANT PROVIDED 15,797 COVERS FOR ITS MEMBERS DURING FISCAL YEAR 2025. THE CLUB'S ROOMS AND LODGING FACILITY HAD 1,102 ROOMS OCCUPIED DURING FISCAL YEAR 2025. THE CLUBHOUSE IS ALSO UTILIZED BY THE MEMBERSHIP FOR SOCIAL ACTIVITIES.

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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 $0

Program Service Revenue $4,785,656

Investment Income $74,337

Other Revenue $-1,678,708

TOTAL REVENUE $3,181,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,354,989

Fundraising Expenses $0

Other Expenses $2,166,184

TOTAL EXPENSES $3,521,173

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,181,285	$3,311,351	0.0%
Expenses	$3,521,173	$3,294,785	+0.1%
Net Income	$-339,888	$16,566	-21.5%

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

Total Directors

Key Employees

$399,542

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD D BATCHELDER JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALASTAIR DAVID GORDON ADAM	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN J PELLEGRINO	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES BENENSON III	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HENDERSON BURNHAM	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCOTT DESIMONE	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE C FAGAN	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD GRAEME GARMEY	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN JS GLICK	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS GRANT	DIRECTOR	1.00	Director	$0	$0	$0
ANNE LITTLE POULET	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY CLARK SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
THERESA M STONE	DIRECTOR	1.00	Director	$0	$0	$0
DEREK EDWIN TAFF	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BRIGGS TOOKE	DIRECTOR	1.00	Director	$0	$0	$0
BEN HALES	GENERAL MANAGER	40.00	Key Emp	$376,599	$22,943	$399,542
MICHAEL SHANNON	EXECUTIVE CHEF	40.00	Highest	$164,412	$14,796	$179,208
JULIE CHARRETTE	CONTROLLER	40.00	Highest	$115,748	$8,856	$124,604
PAUL ALEXANDER	SOMMELIER	40.00	Highest	$106,525	$11,375	$117,900

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	$3,181,285	$3,521,173	$15,616,128	$-339,888
2024	$3,311,351	$3,294,785	$16,083,612	$16,566
2023	$2,449,186	$2,890,729	$16,470,543	$-441,543
2022	$2,109,286	$2,697,486	$15,118,476	$-588,200
2021	$2,567,364	$2,133,100	$15,269,691	$434,264
2020	$2,524,606	$2,723,512	$14,731,742	$-198,906
2019	$2,427,455	$2,584,652	$15,079,361	$-157,197

THE SOMERSET CLUB