SOMERSET COLLECTION CHARITABLE FOUNDATION (EIN 200669940) - 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

2004

Legal Domicile

Principal Officer

LINDA MCINTOSH

Phone

2486436360

Tax Period

2025-01-01 to 2025-12-31

SOMERSET COLLECTION CHARITABLE FOUNDATION, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $220K in total revenue in fiscal year 2025. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $394K exceeded revenue, resulting in a 79% operating deficit.

Mission

THE ORGANIZATION WILL UNDERTAKE NUMEROUS ACTIVITIES TO RAISE FUNDS IN ORDER TO DISTRIBUTE THE NET PROCEEDS TO OTHER TAX-EXEMPT ORGANIZATIONS, PRIMARILY IN THE STATE OF MICHIGAN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $219,821

TOTAL REVENUE $219,821

Expense Breakdown

Grants Paid $394,003

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $394,003

Other Expenses $0

TOTAL EXPENSES $394,003

Year-over-Year Comparison

	2025	2024	Change
Revenue	$219,821	$492,096	-0.6%
Expenses	$394,003	$220,385	+0.8%
Net Income	$-174,182	$271,711	-1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN FORBES	PRESIDENT	N/A	Officer	$0	$0	$0
SIDNEY FORBES	DIRECTOR	N/A	Officer	$0	$0	$0
LINDA MCINTOSH	ASS. VICE PR	N/A	Officer	$0	$0	$0
ANDREA O'CONNOR	SECRETARY/TR	N/A	Officer	$0	$0	$0
MITCHELL WHITTING	ASS. VICE PR	N/A	Officer	$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
2025	$219,821	$394,003	$472,729	$-174,182
2024	$492,096	$220,385	$646,911	$271,711
2023	$110,913	$290,070	$375,200	$-179,157
2022	$337,320	$225,690	$554,357	$111,630
2021	$362,973	$218,543	$442,727	$144,430
2020	$123,171	$98,854	$298,297	$24,317
2019	$176,425	$162,363	$273,980	$14,062
2018	$149,353	$180,444	$259,918	$-31,091

SOMERSET COLLECTION CHARITABLE FOUNDATION