SOMERSET COMMITTEE FOR THE HOMELES… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

RICHARD SCOTT

Phone

4438886160

Tax Period

2023-01-01 to 2023-12-31

SOMERSET COMMITTEE FOR THE HOMELESS INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $528K in total revenue in fiscal year 2023. The organization ran a surplus of $183K, a strong 35% operating margin.

Mission

THE COMMITTEE HAS BEEN ESTABLISHED TO HELP PROVIDE SHELTER AND NOURISHMENT TO THE HOMELESS CITIZENS OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $344,711 Revenue: $506,656

PROVIDING HOUSING AND MEALS FOR LOCAL HOMELESS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $527,443

Program Service Revenue $0

Investment Income $0

Other Revenue $374

TOTAL REVENUE $527,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,021

Fundraising Expenses $0

Program Expenses $344,711

Other Expenses $196,690

TOTAL EXPENSES $344,711

Year-over-Year Comparison

	2023	2022	Change
Revenue	$527,817	$509,826	+0.0%
Expenses	$344,711	$524,910	-0.3%
Net Income	$183,106	$-15,084	-13.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
RICHARD SCOTT	PRESIDENT/BOARD MEMBER	2.00	Officer	$0	$0	$0
VACANT	VICE PRESIDENT	0.00	Officer	$0	$0	$0
VACANT	TREASURER	0.00	Officer	$0	$0	$0
LINDA ZANT	ACTING VICE PRESIDENT/BOARD MEMBER	2.00	Officer	$0	$0	$0
VACANT	SECRETARY	0.00	Officer	$0	$0	$0
SHERRI ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY LAWRENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
BERNADETTE BECKETT	BOARD MEMBER	1.00	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
2023	$527,817	$344,711	$1,129,956	$183,106
2022	$509,826	$524,910	$1,037,008	$-15,084
2021	$290,250	$362,247	$1,022,731	$-71,997
2021	$290,250	$362,247	$1,022,731	$-71,997
2020	$282,155	$262,100	$1,076,280	$20,055
2019	$323,715	$309,722	$1,098,578	$13,993
2018	$308,225	$326,479	$1,084,585	$-18,254

SOMERSET COMMITTEE FOR THE HOMELESS INC