PORTSMOUTH, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOMC DEVELOPMENT FOUNDATION, founded in 1963, is a small nonprofit in the Health Care sector that reported $962K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $630K, a strong 65% operating margin.
SOMC DEVELOPMENT FOUNDATION IS AN ORGANIZATION CONSISTING OF VOLUNTEER AMBASSADORS OF SERVICE AND PERFORMING FUNDRAISING FOR THE BENEFIT OF SOUTHERN OHIO MEDICAL CENTER (SOMC) OF PORTSMOUTH, OHIO ("SOUTHERN OHIO MEDICAL CENTER"), AN OHIO CHARITABLE NON-PROFIT CORPORATION, AND THE PATIENTS IT SERVES. SOMC DEVELOPMENT FOUNDATION ASSISTS SOMC IN PROMOTING THE HEALTH AND WELFARE OF THE COMMUNITY IN ACCORDANCE WITH THE OBJECTIVES ESTABLISHED BY THE GOVERNING BOARD OF TRUSTEES OF SOMC. SOMC DEVELOPMENT FOUNDATION SHALL BE A FUNDRAISING ORGANIZATION AND THE FUNDS RAISED SHALL BE GIVEN EXCLUSIVELY TO SOUTHERN OHIO MEDICAL CENTER. OTHER CHARITIES ARE NOT ELIGIBLE TO BENEFIT FROM FUNDS RAISED BY SOMC DEVELOPMENT FOUNDATION, UNLESS APPROVED BY THE SOUTHERN OHIO MEDICAL CENTER GOVERNING BOARD. THE SOMC DEVELOPMENT FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES AS SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $962,038 | $509,583 | +0.9% |
| Expenses | $332,059 | $107,489 | +2.1% |
| Net Income | $629,979 | $402,094 | +0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DR VINCENT SCARPINATOMD | DIRECTOR-PHYSICIAN | 0.10 |
Director
|
$0 | $61,363 | $696,950 |
| RANDAL ARNETT | DIRECTOR-RETIRED PRES&CEO-SOMC | 0.00 |
Director
|
$0 | $0 | $0 |
| DAVID FOWLER | CHAIRMAN OF THE BOARD | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| GARY DUZAN | VICE CHAIR OF THE BOARD | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| STEPHANIE GILLLUM | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| SANDY CABLE | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| MATT SETTERS | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| MAUREEN COBURN | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| ROBERT R DEVER | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| AMY HAWK | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| NANCY HAWK | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| WILLIAM MCKINLEY | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| DART MILLER | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| BENJAMIN L GILL | PRESIDENT & CEO-SOMC | 0.10 |
Officer
|
$0 | $223,103 | $947,658 |
| KARA PLUMMER | VP OF FINANCE & CFO | 0.10 |
Officer
|
$0 | $105,275 | $483,531 |
| VICKI A NOEL | VP HR & ORG DEVELOPMENT | 0.10 |
Officer
|
$0 | $140,904 | $463,416 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $962,038 | $332,059 | $7,227,409 | $629,979 |
| 2023 | $509,583 | $107,489 | $6,294,744 | $402,094 |
| 2022 | $1,116,463 | $159,906 | $5,537,121 | $956,557 |
| 2021 | $542,732 | $175,539 | $6,173,304 | $367,193 |
| 2020 | $362,683 | $217,731 | $5,087,280 | $144,952 |
| 2019 | $606,984 | $289,044 | $7,493,986 | $317,940 |
| 2018 | $771,072 | $324,268 | $6,791,582 | $446,804 |
Compare SOMC DEVELOPMENT FOUNDATION with other nonprofits in Ohio and across the country.