Somerset Commission on Aging (EIN 521127961) - 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

1979

Legal Domicile

Principal Officer

SHERREE L MARSHALL

Phone

4106513400

Tax Period

2024-07-01 to 2025-06-30

Somerset Commission on Aging, founded in 1979, is a small nonprofit in the Human Services sector that reported $664K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $631K left a modest 5% surplus.

Mission

VARIOUS PROGRAMS PROVIDE MEALS INFORMATION AND ASSISTANCE TO THE

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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 $619,043

Program Service Revenue $44,885

Investment Income $0

Other Revenue $0

TOTAL REVENUE $663,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,401

Fundraising Expenses $0

Program Expenses $623,486

Other Expenses $245,797

TOTAL EXPENSES $631,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$663,928	$781,078	-0.1%
Expenses	$631,198	$705,826	-0.1%
Net Income	$32,730	$75,252	-0.6%

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

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	Role	Reportable Comp	Other Comp	Total
CHARLES LAIRD	CHAIRMAN	Officer Director	$0	$0	$0
ERNEST LEATHERBURY	DIRECTOR	Director	$0	$0	$0
DANIELLE WEBER	DIRECTOR	Director	$0	$0	$0
LAVERNE JOHNSON	DIRECTOR	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	$663,928	$631,198	$881,165	$32,730
2024	$781,078	$705,826	$836,702	$75,252
2023	$797,864	$686,410	$821,529	$111,454
2022	$770,596	$642,148	$703,264	$128,448
2020	$665,132	$591,356	$351,020	$73,776
2019	$761,199	$690,834	$194,587	$70,365
2018	$720,154	$677,387	$90,847	$42,767

Somerset Commission on Aging