Somerset Community College Foundation Inc (EIN 270137175) - 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

Legal Domicile

Principal Officer

Cindy Clouse

Phone

6064516618

Tax Period

2024-07-01 to 2025-06-30

Somerset Community College Foundation Inc is a small nonprofit in the Education sector that reported $380K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $96K, a strong 25% operating margin.

Mission

To conduct and carry on work, not for profit, but exclusively for charitable, scientific, literary or educational purposes and to stimulate voluntary financial support for Somerset Community College.

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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 $361,386

Program Service Revenue $0

Investment Income $31,265

Other Revenue $-12,945

TOTAL REVENUE $379,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $276,177

Other Expenses $283,597

TOTAL EXPENSES $283,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$379,706	$443,892	-0.1%
Expenses	$283,597	$339,010	-0.2%
Net Income	$96,109	$104,882	-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

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
Delores Dalton	Director	1.00	Director	$0	$0	$0
Shawn Daugherty	Director	1.00	Director	$0	$0	$0
Steven Lee	Director	1.00	Director	$0	$0	$0
Robert Parker	Director	1.00	Director	$0	$0	$0
Dr Carey Castle	Ex-Officio	1.00	Director	$0	$0	$0
Phil Smith	Director	1.00	Director	$0	$0	$0
Matt Ford	Vice Chair	2.00	Officer Director	$0	$0	$0
Paula Thompson	Director	1.00	Director	$0	$0	$0
Anita Sutton	Chairperson	2.00	Officer Director	$0	$0	$0
Charlene Harris	Ex-Officio	1.00	Director	$0	$0	$0
Cathy Epperson	Director	1.00	Director	$0	$0	$0
Michael Ray	Secretary/Treas	2.00	Officer Director	$0	$0	$0
Cindy Clouse	Executive Dir.	5.00	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	$379,706	$283,597	$1,089,355	$96,109
2024	$443,892	$339,010	$993,196	$104,882
2023	$329,399	$459,704	$889,002	$-130,305
2022	$358,169	$261,870	$1,018,619	$96,299
2021	$120,129	$210,388	$922,170	$-90,259
2020	$322,261	$224,504	$1,012,429	$97,757
2019	$101,782	$40,697	$914,672	$61,085

Somerset Community College Foundation Inc