SOMERSET COUNTY FOUNDATION FOR HIGHER EDUCATION (EIN 251729671) - 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

1992

Legal Domicile

Principal Officer

KEN WARNICK

Tax Period

2023-01-01 to 2023-12-31

SOMERSET COUNTY FOUNDATION FOR HIGHER EDUCATION, founded in 1992, is a small nonprofit that reported $713K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $683K left a modest 4% surplus.

Mission

TO SUPPORT SOMERSET COUNTY, PENNSYLVANIA RESIDENTS IN OBTAINING POST- SECONDARY EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $601,104

Program Service Revenue $89,024

Investment Income $23,373

Other Revenue $-326

TOTAL REVENUE $713,175

Expense Breakdown

Grants Paid $591,328

Salaries & Benefits $70,418

Fundraising Expenses $0

Program Expenses $673,443

Other Expenses $21,287

TOTAL EXPENSES $683,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$713,175	$397,702	+0.8%
Expenses	$683,033	$359,476	+0.9%
Net Income	$30,142	$38,226	-0.2%

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

N/A

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
KEN WARNICK	BOARD CHAIRP	1.00	Officer Director	$0	$0	$0
LINDA FETTEROLF	BOARD CO-CHA	1.00	Officer Director	$0	$0	$0
EMILY BAER	BOARD SECRET	1.00	Officer Director	$0	$0	$0
SHARON CLAPPER	BOARD DIRECT	1.00	Director	$0	$0	$0
TIMOTHY RESH	BOARD TREASU	1.00	Officer Director	$0	$0	$0
DAVID BERTOTY	BOARD DIRECT	1.00	Director	$0	$0	$0
FRED ROSEMEYER	BOARD DIRECT	1.00	Director	$0	$0	$0
COLLEEN DAWSON	BOARD DIRECT	1.00	Director	$0	$0	$0
DEBRA HOOVER	BOARD DIRECT	1.00	Director	$0	$0	$0
MICHAEL BARBERA ESQ	BOARD DIRECT	1.00	Director	$0	$0	$0
ALLISON HOFFMAN	BOARD DIRECT	1.00	Director	$0	$0	$0
DR DAVE REEDER	BOARD DIRECT	1.00	Director	$0	$0	$0
JOAN WHEELER	BOARD DIRECT	1.00	Director	$0	$0	$0
MICHAEL PAULMAN	BOARD DIRECT	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$713,175	$683,033	$1,339,234	$30,142
2022	$397,702	$359,476	$1,254,649	$38,226
2021	$145,744	$135,652	$1,197,991	$10,092
2020	$118,424	$114,015	$1,172,935	$4,409
2019	$162,242	$111,021	$1,158,888	$51,221
2018	$350,371	$116,591	$1,087,712	$233,780

SOMERSET COUNTY FOUNDATION FOR HIGHER EDUCATION