Somerset, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Childrens Aid Society Foundation, founded in 1921, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 14% surplus.
To develop, grow, and distribute resources which will be used to support, guide, and enhance the lives of children and families in need.
The Foundations primary role is to build a significant and sophisticated development program to provide resources for children and childrens services. The Childrens Aid Society Foundation is active...
The Foundations primary role is to build a significant and sophisticated development program to provide resources for children and childrens services. The Childrens Aid Society Foundation is active in advocacy activities for children and childrens services. More specifically, the Childrens Aid Society Foundation supports and enhances organizations which serve children in need and their families.Through the caring support and generosity of many over the years, the Childrens Aid Society Foundation has been able to fund multiple organizations that provide many valuable services and experiences for children. Artist in residency, baseball games, summer camping, special therapeutic services, reading enhancement programs, and college scholarships are just a few examples of the opportunities the Childrens Aid Society Foundation has helped provide. Our plan is to continue this support, as well as grow our support, to meet the increasing challenges and complex issues facing children and families today and into the future.The Children's Home facility, which is owned and maintained by the Foundation, provides space for a non-profit organization serving children and families by providing a continuum of services.The facility is also shared with other non-profit groups for meeting space and special events. Several of these groups include the Camp Cadet Board, Boy Scouts, American Cancer Society, the Somerset Welfare League, and the Somerset Chamber of Commerce Leadership Class.The Childrens Aid Society Foundation has been fortunate to have a modest office space donated by a local business. This generous gift of free office space allows the Foundation to meet and talk with donors and potential donors in a private confidential environment. The Foundations Administrative Assistant is also generously donated by a second local business. These two contributions allow the Foundation to operate with significantly less overhead costs. Fewer costs to do business enables the Foundation to apply more resources toward our mission of supporting services that are provided to children in need.The Foundation supports various services through its efforts of fund development, fundraising, grant making, and advocacy activities. The Foundations efforts are ongoing and involve the development of our endowment and regular giving. These resources meet both current funding needs as well as build the organizations endowment for future funding needs of organizations that align with the purpose of the Foundation. The Foundations Trustees give careful and thoughtful consideration to organizations that serve children, youth and families for funding consideration.The Children's Aid Society Foundation awards grants to 501(c)(3) organizations which serve children and families in need. Organizations supported by Children's Aid Society Foundation grants include: Operation Beyoutiful, Boy Scouts of America (local district), The Tackle Box, Laurel Arts (Children's Dance Classes), The Boys and Girls Club, Make-A-Wish, and The Keystone Family Alliance.The Foundation supports quality organizations which provide caring services for children and produce positive results. One supported organization received full compliance during its seven (7) state licensing reviews this past year. This same organization successfully undertook the training and approval process to add a new service. They are now a provider of the evidenced-based service of Functional Family Therapy. This service is now provided to families in their homes. They also successfully went through the process of becoming a certified Trauma Informed Care service provider.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,485,323 | $4,754,813 | -0.7% |
| Expenses | $1,282,648 | $1,488,130 | -0.1% |
| Net Income | $202,675 | $3,266,683 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Lawrence Stormer | President | 40.00 |
Officer
|
$107,046 | $15,089 | $122,135 |
| Keith Vasas | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Theresa Migot | Secretary/Treas | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Ann Persun | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Robert Duppstadt | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Scott Bender | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| John Jacob | Chairperson | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,485,323 | $1,282,648 | $24,312,358 | $202,675 |
| 2024 | $4,754,813 | $1,488,130 | $22,984,145 | $3,266,683 |
| 2023 | $1,028,028 | $1,554,144 | $18,901,781 | $-526,116 |
| 2022 | $1,197,225 | $1,196,981 | $18,610,031 | $244 |
| 2021 | $1,191,333 | $891,923 | $20,659,366 | $299,410 |
| 2020 | $1,558,600 | $971,480 | $17,856,746 | $587,120 |
| 2019 | $1,313,608 | $1,112,117 | $17,846,772 | $201,491 |
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