SOMERSET CHILDREN'S CENTER INC (EIN 221684762) - 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

1978

Legal Domicile

Principal Officer

JANE MAIDA

Phone

9087252366

Tax Period

2023-07-01 to 2024-06-30

SOMERSET CHILDREN'S CENTER INC, founded in 1978, is a small nonprofit in the Health Care sector that reported $740K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $928K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO MAXIMIZE THE POTENTIAL OF EACH CHILD WITH SPECIAL NEEDS, THROUGH A HOLISTIC APPROACH, UTILIZING DEVELOPMENTALLY APPROPRIATE THERAPUTIC SERVICES IN A SAFE NURTURING ENVIRONMENT.

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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 $313,707

Program Service Revenue $387,524

Investment Income $0

Other Revenue $39,184

TOTAL REVENUE $740,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $744,849

Fundraising Expenses $0

Program Expenses $676,920

Other Expenses $182,690

TOTAL EXPENSES $927,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$740,415	$938,672	-0.2%
Expenses	$927,539	$798,412	+0.2%
Net Income	$-187,124	$140,260	-2.3%

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

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
JANE MAIDA	TREASURER	6.00	Officer Director	$0	$0	$0
NANCY STOBER-MCCARTHY	CO-CHAIRMAN	3.00	Officer Director	$0	$0	$0
JENNIFER SLOTTERBACK	CHAIRMAN	3.00	Director	$0	$0	$0
SALVADOR PERONE	TRUSTEE	3.00	Director	$0	$0	$0
THOMAS WILLIAMS	TRUSTEE	3.00	Director	$0	$0	$0
JANE CONNER	TRUSTEE	3.00	Director	$0	$0	$0
WALLY STEPKO	TRUSTEE	3.00	Director	$0	$0	$0
ELLEN ROBBINS	SECRETARY	3.00	Officer Director	$0	$0	$0
KRISTEN LAKATOS	CMU CORDINATOR	40.00	Highest	$118,886	$0	$118,886

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	No data	No data	No data	No data
2024	$740,415	$927,539	$441,562	$-187,124
2023	$938,672	$798,412	$716,981	$140,260
2022	$663,723	$670,412	$414,359	$-6,689
2021	$587,997	$565,788	$521,194	$22,209

SOMERSET CHILDREN'S CENTER INC