SOMERSET INC (EIN 251721501) - 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

1993

Legal Domicile

Principal Officer

LEE HOFFMAN

Phone

8144431748

Tax Period

2024-08-01 to 2025-07-31

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.

Mission

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.

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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 $490,816

Program Service Revenue $109,801

Investment Income $32,751

Other Revenue $0

TOTAL REVENUE $633,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,361

Fundraising Expenses $41,430

Program Expenses $405,967

Other Expenses $358,898

TOTAL EXPENSES $473,259

Year-over-Year Comparison

	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%

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

200

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
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	$0	$0	$0
BRENDA FIKE	TREASURER	N/A	Officer Director	$0	$0	$0
ANDY GINDLESPERGER	MEMBER	N/A	Director	$0	$0	$0
LEE HOFFMAN	CHAIRMAN	N/A	Officer Director	$0	$0	$0
KATIE KLEIN	MEMBER	N/A	Director	$0	$0	$0
ADAM KOPP	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
JUSTIN KORNS	MEMBER	N/A	Director	$0	$0	$0
JESPER NIELSEN	MEMBER	N/A	Director	$0	$0	$0
MICHEAL RIGGS	MEMBER	N/A	Director	$0	$0	$0
MADALYN WALKER	MEMBER	N/A	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
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

SOMERSET INC