SOMERSET COMMUNITY ACTION PROGRAM INC (EIN 226075617) - 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

1965

Legal Domicile

Principal Officer

LONNIE ALLGOOD

Phone

7328468888

Tax Period

2023-09-01 to 2024-08-31

SOMERSET COMMUNITY ACTION PROGRAM INC, founded in 1965, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 7% surplus.

Mission

SOMERSET COMMUNITY ACTION PROGRAM, INC. (SCAP) IS A NON-FOR-PROFIT ORGANIZATION PROVIDE EARLY CHILDHOOD EDUCATION PROGRAMS, FINANCIAL LITERACY, COMMUNITY PLANNING AND NUTRITIONAL SUPPORT TO RESIDENTS OF SOMERSET COUNTY.

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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 $929,137

Program Service Revenue $1,504,141

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,433,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,216,377

Fundraising Expenses $22,717

Program Expenses $1,669,968

Other Expenses $1,040,427

TOTAL EXPENSES $2,256,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,433,278	$2,001,624	+0.2%
Expenses	$2,256,804	$2,030,550	+0.1%
Net Income	$176,474	$-28,926	-7.1%

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

$116,553

Total Directors

$116,553

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HARRIS	EXECUTIVE DIRECTOR	40.00	Officer Director	$89,625	$26,928	$116,553
LONNIE ALLGOOD	PRESIDENT	8.00	Officer Director	$0	$0	$0
JACKIE LEWIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
BENJAMIN GUY III	SECRETARY	2.00	Officer Director	$0	$0	$0
KIMBERLY FRANCOIS	BOARD MEMBER	2.00	Director	$0	$0	$0
PERCY SANDERS	BOARD MEMBER	4.00	Director	$0	$0	$0
CARL WRIGHT	BOARD MEMBER	2.00	Director	$0	$0	$0
SIMONE WATERS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH DANIELSEN	BOARD MEMBER	2.00	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
2024	$2,433,278	$2,256,804	$890,442	$176,474
2023	$2,001,624	$2,030,550	$811,568	$-28,926
2022	$1,497,212	$1,466,572	$350,682	$30,640
2021	$1,016,595	$1,118,405	$286,890	$-101,810
2020	$992,909	$744,942	$410,548	$247,967
2019	$1,028,450	$1,121,839	$153,390	$-93,389
2018	$905,911	$960,065	$192,642	$-54,154
2017	$908,435	$970,655	$188,833	$-62,220

SOMERSET COMMUNITY ACTION PROGRAM INC