Sommerset Place (EIN 480797672) - 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

1972

Legal Domicile

Principal Officer

Jeff Keller

Phone

7852720965

Tax Period

2024-06-01 to 2025-05-31

Sommerset Place, founded in 1972, is a small nonprofit in the Housing & Shelter sector that reported $418K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE MULTIFAMILY LOW INCOME HOUSING.

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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 $0

Program Service Revenue $418,013

Investment Income $0

Other Revenue $0

TOTAL REVENUE $418,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,571

Fundraising Expenses $0

Program Expenses $401,406

Other Expenses $382,847

TOTAL EXPENSES $437,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,013	$737,726	-0.4%
Expenses	$437,418	$395,367	+0.1%
Net Income	$-19,405	$342,359	-1.1%

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

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
PAULA BROZEK	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
JEFF KELLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY ESFIELD	TREASURER	0.00	Officer Director	$0	$0	$0
REV ROBERT SCHREMMER	DIRECTOR	0.00	Officer 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
2025	$418,013	$437,418	$609,205	$-19,405
2024	$737,726	$395,367	$680,429	$342,359
2023	$373,195	$351,765	$314,242	$21,430
2022	$354,303	$371,866	$324,373	$-17,563
2020	$308,441	$304,673	$376,707	$3,768
2019	$306,640	$339,919	$400,885	$-33,279

Sommerset Place