Adult Day Center of Somerset County Inc (EIN 222111573) - 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

1977

Legal Domicile

Principal Officer

Diann Robinson

Phone

9087250068

Tax Period

2023-01-01 to 2023-12-31

Adult Day Center of Somerset County Inc, founded in 1977, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 23% operating deficit.

Mission

Providing extraordinary day care services for the elderly and disabled residents of Somerset County and support for caregiving families.

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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 $664,518

Program Service Revenue $236,527

Investment Income $21,850

Other Revenue $137,055

TOTAL REVENUE $1,059,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $930,980

Fundraising Expenses $55,859

Program Expenses $1,018,865

Other Expenses $369,750

TOTAL EXPENSES $1,300,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,059,950	$1,284,483	-0.2%
Expenses	$1,300,730	$1,198,078	+0.1%
Net Income	$-240,780	$86,405	-3.8%

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

135

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

$98,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Caitlyn Campbell Meador	Chair	5.00	Officer Director	$0	$0	$0
Dave Mendez	Vice Chair	5.00	Officer Director	$0	$0	$0
Ed Wright	Treasurer	5.00	Officer Director	$0	$0	$0
Dave Tucker	Secretary	5.00	Officer Director	$0	$0	$0
Nick Duston Esq	Trustee	5.00	Director	$0	$0	$0
Christine Flanagan	Trustee	5.00	Director	$0	$0	$0
Lauren Frary	Trustee	5.00	Director	$0	$0	$0
Dave Hollod	Trustee	5.00	Director	$0	$0	$0
Bob Milligan	Trustee	5.00	Director	$0	$0	$0
Ken Osterman	Trustee	5.00	Director	$0	$0	$0
Kevin Stagg	Trustee	5.00	Director	$0	$0	$0
Robin Williams	Trustee	5.00	Director	$0	$0	$0
Diann Robinson	Executive Director	45.00	Officer	$98,740	$0	$98,740

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	$1,059,950	$1,300,730	$3,140,043	$-240,780
2023	$1,059,950	$1,300,730	$3,140,043	$-240,780
2022	$1,284,483	$1,198,078	$3,427,272	$86,405
2021	$1,021,827	$1,130,607	$3,399,093	$-108,780
2020	$976,044	$1,245,296	$3,227,048	$-269,252
2019	$1,338,636	$1,313,765	$3,401,893	$24,871

Adult Day Center of Somerset County Inc