EMPOWER SOMERSET INC (EIN 237364157) - 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

1974

Legal Domicile

Principal Officer

KRISTEN SCHIRO

Phone

9087224900

Tax Period

2024-01-01 to 2024-12-31

EMPOWER SOMERSET INC, founded in 1974, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

EMPOWER SOMERSET ASSISTS INDIVIDUALS AND FAMILIES IN MAKING POSITIVE LIFESTYLE CHOICES AND PROMOTES HEALTHY, DRUG FREE COMMUNITIES THROUGH EDUCATION, COLLABORATION, AND CONNECTIONS TO RESOURCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,970,057

Program Service Revenue $86,397

Investment Income $4,853

Other Revenue $0

TOTAL REVENUE $3,061,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,919,811

Fundraising Expenses $14,542

Program Expenses $2,856,389

Other Expenses $1,106,076

TOTAL EXPENSES $3,025,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,061,307	$2,557,059	+0.2%
Expenses	$3,025,887	$2,500,439	+0.2%
Net Income	$35,420	$56,620	-0.4%

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

$218,724

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DORIS ZAMPELLA	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
PHILIP DECKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CRAIG CALDERARO	TRUSTEE	1.00	Director	$0	$0	$0
GABRIELA GOMES	TRUSTEE	1.00	Director	$0	$0	$0
STEVE KATZ	TREASURER	1.00	Officer Director	$0	$0	$0
JANET KUEBLER	SECRETARY	1.00	Officer Director	$0	$0	$0
BENJAMIN STONG	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANY GOMES	TRUSTEE	1.00	Director	$0	$0	$0
WENDY EWEN	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL PUNTILLO	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH BAKES	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN SCHIRO	EXECUTIVE DI	40.00	Officer	$117,940	$0	$117,940
ELLEN DAZET	CFO	40.00	Officer	$100,784	$0	$100,784

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	$3,061,307	$3,025,887	$1,019,343	$35,420
2023	$2,557,059	$2,500,439	$961,100	$56,620
2022	$2,147,390	$2,109,064	$1,104,642	$38,326
2021	$1,596,952	$1,506,262	$677,633	$90,690
2020	$1,414,916	$1,330,597	$415,690	$84,319
2019	$1,139,198	$1,046,461	$190,917	$92,737
2018	$1,082,049	$1,083,725	$83,210	$-1,676

EMPOWER SOMERSET INC