SOMERSET ACADEMY OF LAS VEGAS (EIN 275393412) - 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

2014

Legal Domicile

Principal Officer

JOHN BENTHAM

Phone

7024316260

Tax Period

2024-07-01 to 2025-06-30

SOMERSET ACADEMY OF LAS VEGAS, founded in 2014, is a major nonprofit in the Education sector that reported $111.0M in total revenue in fiscal year 2024.

Mission

SOMERSET ACADEMY OF LAS VEGAS IS A COLLEGE PREPARATORY CHARTER SCHOOL.

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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 $5,725,278

Program Service Revenue $102,913,317

Investment Income $2,138,391

Other Revenue $207,989

TOTAL REVENUE $110,984,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,090,865

Fundraising Expenses $0

Program Expenses $102,562,648

Other Expenses $36,873,322

TOTAL EXPENSES $113,964,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,984,975	$111,556,790	0.0%
Expenses	$113,964,187	$106,607,285	+0.1%
Net Income	$-2,979,212	$4,949,505	-1.6%

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

987

Volunteers

1549

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
TRAVIS MIZER	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
SARAH MCCLELLAN	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
MATT HURLEY	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
LENORA BREDSGUARD	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT MORRIS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN BENTHAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
RENEE FAIRLESS	BOARD MEMBER	2.00	Director	$0	$0	$0
LEE ESPLIN	PRINCIPAL	40.00	Highest	$214,452	$11,866	$226,318
JESSICA SCOBELL	PRINCIPAL	40.00	Highest	$176,691	$62,045	$238,736
CATHERINE LACKEY	PRINCIPAL	40.00	Highest	$139,880	$59,510	$199,390
SHANNON MANNING	PRINCIPAL	40.00	Highest	$137,353	$53,633	$190,986
DAVID FOSSETT	PRINCIPAL	40.00	Highest	$134,110	$52,735	$186,845
CESAR TIU	PRINCIPAL	40.00	Highest	$144,504	$43,254	$187,758

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	$110,984,975	$113,964,187	$230,163,029	$-2,979,212
2024	$111,556,790	$106,607,285	$213,896,125	$4,949,505
2023	$88,528,771	$93,898,608	$211,332,331	$-5,369,837
2022	$83,363,869	$77,977,405	$206,607,305	$5,386,464
2021	$79,621,443	$78,010,818	$192,795,065	$1,610,625
2020	$76,063,395	$74,989,242	$151,692,206	$1,074,153
2019	$67,734,354	$67,469,336	$143,377,809	$265,018
2018	$52,196,541	$52,197,610	$122,860,876	$-1,069

SOMERSET ACADEMY OF LAS VEGAS