SOMERSET, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOMERSET INC, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $633K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $160K, a strong 25% operating margin.
THE MISSION OF THE ORGANIZATION IS INSTITUTING A PROGRAM OF ACTIVITIES, WHICH WILL PROVIDE TECHNICAL ASSISTANCE FOR THE IMPROVEMENT AND REVITALIZATION OF THE UPTOWN SOMERSET BUSINESS DISTRICT.
1.ECONOMIC DEVELOPMENT: IN 2024-2025 WE SPENT 340K ON ECONOMIC DEVELOPMENT PROJECTS INCLUDING THE RENOVATION OF A HISTORIC ANCHOR BUILDING, SMALL BUSINESS GRANTS, HOME RENOVATIONS, SUPPORTING LOW...
1.ECONOMIC DEVELOPMENT: IN 2024-2025 WE SPENT 340K ON ECONOMIC DEVELOPMENT PROJECTS INCLUDING THE RENOVATION OF A HISTORIC ANCHOR BUILDING, SMALL BUSINESS GRANTS, HOME RENOVATIONS, SUPPORTING LOW INCOME HOUSING, AND A FEASIBILITY STUDY FOR A PATH TO SOMERSET LAKE. THESE EXPENSES ALL FURTHER THE MISSION OF REJUVENATING THE COMMUNITY CENTER IN SOMERSET, PA. 2.PROMOTION: IN 2024-2025, SOMERSET, INC. HOSTED DIFFERENT EVENTS, INCLUDING FIRE & ICE FESTIVAL, IGNITE THE NIGHT, CHALK THE BLOCK, LIGHT UP SOMERSET, AND THE SOCO FARMERS MARKET. THESE ACTIVITIES BROUGHT MORE THAN 15K PEOPLE TO THE SIDEWALKS OF SOMERSET THROUGHOUT THE YEAR, FURTHERING THE MISSION OF CREATING A MORE VIBRANT COMMUNITY CENTER. 3.IN 2024-2025, SOMERSET, INC. CONTINUED TO INVEST IN TRINITY PARK MAINTENANCE TO SUPPORT AN ONGOING COMMUNITY SPACE AND UPKEEP THE APPEARANCE OF THE COMMUNITY, A PRIORITY IN THE REVITALIZATION OF THE TOWN CENTER.
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 | $633,368 | $579,823 | +0.1% |
| Expenses | $473,259 | $431,581 | +0.1% |
| Net Income | $160,109 | $148,242 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| G HENRY COOK | MEMBER | N/A |
Director
|
$0 | $0 | $0 |
| SARAH DEIST | MEMBER | N/A |
Director
|
$0 | $0 | $0 |
| MELANIE EBERLY | SECRETARY | N/A |
Officer
Director
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$0 | $0 | $0 |
| BRENDA FIKE | TREASURER | N/A |
Officer
Director
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$0 | $0 | $0 |
| ANDY GINDLESPERGER | MEMBER | N/A |
Director
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$0 | $0 | $0 |
| LEE HOFFMAN | CHAIRMAN | N/A |
Officer
Director
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$0 | $0 | $0 |
| KATIE KLEIN | MEMBER | N/A |
Director
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$0 | $0 | $0 |
| ADAM KOPP | VICE CHAIRMA | N/A |
Officer
Director
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$0 | $0 | $0 |
| JUSTIN KORNS | MEMBER | N/A |
Director
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$0 | $0 | $0 |
| JESPER NIELSEN | MEMBER | N/A |
Director
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$0 | $0 | $0 |
| MICHEAL RIGGS | MEMBER | N/A |
Director
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$0 | $0 | $0 |
| MADALYN WALKER | MEMBER | N/A |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $633,368 | $473,259 | $1,400,137 | $160,109 |
| 2024 | $579,823 | $431,581 | $1,240,028 | $148,242 |
| 2023 | $514,713 | $348,297 | $1,091,786 | $166,416 |
| 2022 | $656,896 | $359,014 | $925,370 | $297,882 |
| 2021 | $556,877 | $199,715 | $627,488 | $357,162 |
| 2020 | $371,792 | $333,310 | $274,658 | $38,482 |
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