SOMERSET COMMUNITY FOOD PANTRY INC

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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

Scott Berget

Phone

7152472945

Tax Period

2023-01-01 to 2023-12-31

SOMERSET COMMUNITY FOOD PANTRY INC, founded in 2014, is a small nonprofit in the Unknown sector that reported $158K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Net assets of $735K represent 56 months of operating reserves.

Mission

TO PROVIDE FOOD WITH RESPECT AND DIGNITY IN TIMES OF NEED TO THOSE IN THE SOMERSET COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $121,393 Revenue: $159,723

PROVIDE FOOD PERSONAL HYGIENE PRODUCTS AND BABY ITEMS TO THOSE IN NEED. PROVIDE BACKPACKS TO THE SOMERSET SCHOOL DISTRICT WHICH OFFERS FAMILIES FREE GROCERIES FOR WEEKEND AND SCHOOL BREAK USE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $78,297

Program Service Revenue $74,836

Investment Income $0

Other Revenue $4,551

TOTAL REVENUE $157,684

Expense Breakdown

Grants Paid $75,692

Salaries & Benefits $38,432

Fundraising Expenses $6,661

Program Expenses $121,393

Other Expenses $41,932

TOTAL EXPENSES $156,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$157,684	$279,419	-0.4%
Expenses	$156,056	$189,553	-0.2%
Net Income	$1,628	$89,866	-1.0%

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
MARY WILLIAMS	PRESIDENT	25.00	Officer	$0	$0	$0
SCOTT BERGET	TREASURER	5.00	Officer	$0	$0	$0
BETSY FOSTER	SECRETARY	5.00	Officer	$0	$0	$0
KATY ELLEFSON	DIRECTOR	2.00	Director	$0	$0	$0
LYNN HARSTAD	DIRECTOR	2.00	Director	$0	$0	$0
KATIE HOUSE	DIRECTOR	2.00	Director	$0	$0	$0
KATIE SKRAMSTAD	DIRECTOR	2.00	Director	$0	$0	$0
VALERIE SVEJCAR	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$157,684	$156,056	$741,811	$1,628
2022	$279,419	$189,553	$779,897	$89,866
2021	$482,871	$169,552	$648,805	$313,319