HOME AND SCHOOL ASSOC OF SOMERSET … - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

SASHA BLIGH

Phone

9086969935

Tax Period

2023-07-01 to 2024-06-30

HOME AND SCHOOL ASSOC OF SOMERSET HILLS SOMERSET HILLS INC, founded in 1999, is a micro nonprofit in the Education sector that reported $83K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 30% operating margin.

Mission

THE HOME AND SCHOOL ASSOCIATION OF SOMERSET HILLS, INC. IS AN ASSOCIATION THAT PROMOTES A POSITIVE RELATIONSHIP BETWEEN HOME AND SCHOOL IN ORDER TO ENHANCE THE EDUCATIONAL ENVIRONMENT OF MARION T. BEDWELL ELEMENTARY SCHOOL AND THE BERNARDSVILLE MIDDLE SCHOOL FOR THE OPTIMAL BENEFIT OF THE STUDENTS. THE SOLE PURPOSE OF THE ORGANIZATION IS TO PROVIDE SUPPORT TO THE SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $52,917 Revenue: $28,728

EDUCATION AND CULTURAL PROGRAMS AND TRIPS AS WELL AS STUDENT ACTIVITIES ENCOURAGE EDUCATION AND LEARNING. GRADES KINDERGARTEN THROUGH 8TH BENEFITED.

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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 $18,914

Program Service Revenue $28,728

Investment Income $27

Other Revenue $35,128

TOTAL REVENUE $82,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,917

Other Expenses $57,792

TOTAL EXPENSES $57,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,797	$63,676	+0.3%
Expenses	$57,792	$62,310	-0.1%
Net Income	$25,005	$1,366	+17.3%

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

N/A

Volunteers

200

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
ASH DAVIS	BMS CO PRESIDENT	5.00	Director	$0	$0	$0
JENNIFER ADAMS	BMS CO PRESIDENT	5.00	Director	$0	$0	$0
CHRISTINA FRAME	BMS TREASURER	5.00	Director	$0	$0	$0
MICHELLE FINNERTY	BMS ASSISTANT TREASURER	5.00	Director	$0	$0	$0
KERI MARIKAKIS	BMS RECORDING SECRTARY	5.00	Director	$0	$0	$0
KELLY DUNNDER	BMS MEMBERSHIP	5.00	Director	$0	$0	$0
KELLY HUNT	BEDWELL CO PRESIDENT	5.00	Director	$0	$0	$0
ALLICEN LIBRERA	BEDWELL CO PRESIDENT	5.00	Director	$0	$0	$0
KATIE RYAN	BEDWELL TREASURER	5.00	Director	$0	$0	$0
ALICIA OCHS	BEDWELL ASST TREASURER	5.00	Director	$0	$0	$0
STACI FORAN	BEDWELL CO VP EVENTS & FUN	5.00	Director	$0	$0	$0
CAT MARTIN	BEDWELL CO VP EVENTS & FUN	5.00	Director	$0	$0	$0
SASHA BLIGHT	CFO	5.00	Director	$0	$0	$0
JENNIFER CARUSO	BEDWELL RECORDING SECRETAR	5.00	Director	$0	$0	$0
ANDREA CHURCH	BEDWELL FAMILY LIAISON	5.00	Director	$0	$0	$0
MEGHAN FLINN	BMS CO-VP	5.00	Director	$0	$0	$0
LORI SHAW	BMS CO-VP	5.00	Director	$0	$0	$0
TACY QUINN	BMS SOCIAL MEDIA	5.00	Director	$0	$0	$0
LEE EATON	BEDWELL SOCIAL MEDIA	5.00	Director	$0	$0	$0
KIMBERLY PERRET	BEDWELL VP HOMEROOM	5.00	Director	$0	$0	$0
RONNIE ARMELLION-GOODWIN	BEDWELL CO SECRETARIES WEBSITE	5.00	Director	$0	$0	$0
KATHY FERRUGGIA	BEDWELL CO SECRETARIES MEMBER	5.00	Director	$0	$0	$0
AYESHA FAILEY	BMS CORRESPONDING SECRETARY	5.00	Director	$0	$0	$0
MARIOLA DOMINGUEZ	BMS HSA CHAIR	5.00	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
2025	No data	No data	No data	No data
2024	$82,797	$57,792	$120,559	$25,005
2023	$63,676	$62,310	$95,554	$1,366
2022	$74,433	$64,466	$94,188	$9,967
2021	$66,473	$62,378	$84,221	$4,095
2020	$71,657	$61,825	$80,126	$9,832
2019	$95,165	$80,839	$70,294	$14,326

HOME AND SCHOOL ASSOC OF SOMERSET HILLS SOMERSET HILLS INC