SOMERSET AREA FOOD PANTRY (EIN 251680945) - 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

1982

Legal Domicile

Principal Officer

ANN B PERSUN

Phone

8144439207

Tax Period

2024-04-01 to 2025-03-31

SOMERSET AREA FOOD PANTRY, founded in 1982, is a small nonprofit that reported $443K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $422K left a modest 5% surplus.

Mission

DISTRIBUTION OF EMERGENCY FOOD

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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 $437,456

Program Service Revenue $0

Investment Income $5,678

Other Revenue $0

TOTAL REVENUE $443,134

Expense Breakdown

Grants Paid $418,520

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $421,567

Other Expenses $3,487

TOTAL EXPENSES $422,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$443,134	$287,248	+0.5%
Expenses	$422,007	$349,734	+0.2%
Net Income	$21,127	$-62,486	-1.3%

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

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
BETTY ANDERSON	SECRETARY	1.00	Officer	$0	$0	$0
JOSEPH BEER	CHAIRMAN/SIT	10.00	Officer	$0	$0	$0
ANN B PERSUN	TREASURER	2.00	Officer	$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	$443,134	$422,007	$177,886	$21,127
2024	$287,248	$349,734	$156,759	$-62,486
2023	$235,307	$263,333	$219,245	$-28,026
2021	$256,734	$174,541	$227,088	$82,193

SOMERSET AREA FOOD PANTRY