SOMERSET CHRISTIAN SCHOOL INC (EIN 270017969) - 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

2002

Legal Domicile

Principal Officer

DON BLOOMER

Phone

6064511600

Tax Period

2024-07-01 to 2025-06-30

SOMERSET CHRISTIAN SCHOOL INC, founded in 2002, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $3.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

SOMERSET CHRISTIAN SCHOOL EXISTS TO SERVE FAMILIES THROUGH A DISTINCTIVELY CHRISTIAN EDUCATION WHERE CURRICULUM INSTRUCTION AND METHODOLOGY ARE BASED ON THE ETERNAL TRUTH OF GOD'S WORD.

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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 $568,417

Program Service Revenue $2,608,875

Investment Income $11,707

Other Revenue $0

TOTAL REVENUE $3,188,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,840,360

Fundraising Expenses $0

Program Expenses $3,550,478

Other Expenses $1,710,118

TOTAL EXPENSES $3,550,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,188,999	$3,469,658	-0.1%
Expenses	$3,550,478	$3,266,812	+0.1%
Net Income	$-361,479	$202,846	-2.8%

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
SHANE BAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
DON BLOOMER	PRESIDENT	2.00	Officer Director	$0	$0	$0
HOLLY HURD	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSH NICHOLS	BOARD MEMBER	2.00	Director	$0	$0	$0
DANNY PATTERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
TOMMY SHELTON	BOARD MEMBER	2.00	Director	$0	$0	$0
TOMMY SHELTON	BOARD MEMBER	2.00	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	$3,188,999	$3,550,478	$7,216,077	$-361,479
2024	$3,469,658	$3,266,812	$7,569,895	$202,846
2023	$2,626,916	$2,860,645	$7,795,428	$-233,729
2022	$2,494,144	$2,636,613	$7,763,674	$-142,469
2021	$1,616,129	$2,008,940	$7,755,205	$-392,811
2020	$1,376,993	$1,515,013	$8,003,561	$-138,020
2019	$1,735,088	$1,899,399	$8,077,325	$-164,311

SOMERSET CHRISTIAN SCHOOL INC