SOMERSET ACADEMY INC (EIN 311569428) - 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

1997

Legal Domicile

Principal Officer

TODD GERMAN

Phone

3056692906

Tax Period

2024-07-01 to 2025-06-30

SOMERSET ACADEMY INC, founded in 1997, is a major nonprofit in the Education sector that reported $429.8M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $395.1M left a modest 8% surplus.

Mission

ESTABLISHED AS CHARTER SCHOOL OPERATOR IN DISTRICT SCHOOL BOARDS OF MIAMI-DADE, BROWARD COUNTY, PALM BEACH COUNTY, DUVAL COUNTY, ST. LUCIE COUNTY, AND TEXAS STATE BOARD OF EDUCATION. SOMERSET ACADEMY, INC. IS DEDICATED TO PROVIDING EQUITABLE, HIGH-QUALITY EDUCATION FOR ALL STUDENTS, AND PROMOTES A CULTURE THAT MAXIMIZES STUDENT ACHIEVEMENT AND FOSTERS THE DEVELOPMENT OF ACCOUNTABLE, 21ST CENTURY LEARNERS IN A SAFE AND ENRICHING ENVIRONMENT.

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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 $395,960,871

Program Service Revenue $23,771,609

Investment Income $9,346,938

Other Revenue $763,854

TOTAL REVENUE $429,843,272

Expense Breakdown

Grants Paid $125,000

Salaries & Benefits $216,698,770

Fundraising Expenses $0

Program Expenses $352,324,323

Other Expenses $178,261,265

TOTAL EXPENSES $395,085,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,843,272	$498,370,221	-0.1%
Expenses	$395,085,035	$378,607,558	+0.0%
Net Income	$34,758,237	$119,762,663	-0.7%

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

4252

Volunteers

6953

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

$455,976

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD GERMAN	DIRECTOR, CHAIRMAN & TREASURER	2.00	Officer Director	$0	$0	$0
ANA DIAZ	DIRECTOR, SECRETARY & VICE-CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN MATTHEW COX	DIRECTOR	2.00	Director	$0	$0	$0
DAVID CONCEPCION	DIRECTOR	2.00	Director	$0	$0	$0
TAYLOR SMITH	DIRECTOR	2.00	Director	$0	$0	$0
BERNARDO MONTERO	PRESIDENT	40.00	Officer	$245,726	$0	$245,726
SUZETTE RUIZ	VICE-PRESIDENT	40.00	Officer	$210,250	$0	$210,250
ERIKA RAINS	EMPLOYEE	40.00	Highest	$167,023	$0	$167,023
ALEXANDRA PRIETO	EMPLOYEE	40.00	Highest	$167,352	$0	$167,352
KERRI ANN O'SULLIVAN	EMPLOYEE	40.00	Highest	$224,000	$0	$224,000
CECILIA GUILARTE	EMPLOYEE	40.00	Highest	$178,094	$0	$178,094
DONYALE MCGHEE	EMPLOYEE	1.00	Highest	$165,049	$0	$165,049

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	$429,843,272	$395,085,035	$665,247,185	$34,758,237
2024	$498,370,221	$378,607,558	$640,918,206	$119,762,663
2023	$372,140,972	$355,265,196	$546,057,670	$16,875,776
2022	$324,310,430	$320,728,209	$514,166,798	$3,582,221
2021	$293,901,770	$266,814,660	$197,106,992	$27,087,110
2020	$251,355,560	$249,353,491	$154,096,220	$2,002,069
2019	$224,877,351	$224,200,113	$147,831,589	$677,238
2018	$195,358,388	$185,653,647	$112,671,568	$9,704,741

SOMERSET ACADEMY INC