Benton, AR
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Somerset Senior Living at Harrison, founded in 2017, is a small nonprofit that reported $262K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $633K exceeded revenue, resulting in a 141% operating deficit.
THE ORGANIZATION PROVIDES AFFORDABLE SKILLED NURSING AND REHABILATIVE CARE TO ILL, INFIRM, MEDICALLY DISABLED AND ELDERLY INDIVIDUALS IN A LONG-TERM CARE ENVIRONMENT FOCUSED ON PERSON CENTERED CARE.
THE ORGANIZATION ACTED IN CONCERT WITH COMMUNITY COMPASSION CENTERS OF ARKANSAS (CCCA) TO FORM A NETWORK OF NURSING FACILITIES THAT SERVED AS LOCATIONS FOR PROMOTING, DEVELOPING AND ADMINISTERING...
THE ORGANIZATION ACTED IN CONCERT WITH COMMUNITY COMPASSION CENTERS OF ARKANSAS (CCCA) TO FORM A NETWORK OF NURSING FACILITIES THAT SERVED AS LOCATIONS FOR PROMOTING, DEVELOPING AND ADMINISTERING CULTURE CHANGE, PERSON-CENTERED, LONG-TERM CARE FOR ILL, INFIRM, MEDICALLY DISABLED AND ELDERLY INDIVIDUALS. THE CULTURE CHANGE MODEL OF CARE WAS DESIGNED TO EMPOWER ELDERS AND STAFF TO PARTICIPANT IN THE ESTABLISHMENT OF PATHWAYS THAT RESULT IN A HIGH DEGREE OF CHOICE, AUTONOMY, DIGNITY AND SELF-DETERMINATIONS FOR THE ELDERS SERVED.During 2024, program expenses consisted of contributions to domestic organizations that further the organizations program goals.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $262,466 | $1,187,982 | -0.8% |
| Expenses | $633,188 | $541,834 | +0.2% |
| Net Income | $-370,722 | $646,148 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| David Black | Member Rep | 2.00 |
Officer
Director
|
$0 | $0 | $240,100 |
| Heath Kirkpatrick | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Charlotte Pledger | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $262,466 | $633,188 | $1,516,362 | $-370,722 |
| 2023 | $1,187,982 | $541,834 | $2,090,675 | $646,148 |
| 2022 | $2,382,867 | $1,664,533 | $1,505,544 | $718,334 |
| 2021 | $5,638,614 | $5,084,348 | $1,815,957 | $554,266 |
| 2020 | $5,458,266 | $5,446,330 | $1,681,581 | $11,936 |
Compare Somerset Senior Living at Harrison with other nonprofits in Arkansas and across the country.