Somerset Senior Living at Pine Hills (EIN 823433650) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

David Black

Phone

5012624124

Tax Period

2024-01-01 to 2024-12-31

Somerset Senior Living at Pine Hills, founded in 2017, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2020. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $5.2M left a modest 12% surplus.

Mission

Provide residential facility that is designed to meet the physical, social, recreational, health care, and transportation special needs of the elderly.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $204,652

Program Service Revenue $0

Investment Income $9,489

Other Revenue $0

TOTAL REVENUE $214,141

Expense Breakdown

Grants Paid $173,582

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,582

Other Expenses $146,695

TOTAL EXPENSES $320,277

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,141	$61,907	+2.5%
Expenses	$320,277	$243,697	+0.3%
Net Income	$-106,136	$-181,790	-0.4%

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

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

$240,100

Total Directors

$240,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Black	President	2.00	Officer Director	$0	$0	$240,100
Michael Shelton	Director	1.00	Director	$0	$0	$0
Debra Harcrow	Director	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
2024	$214,141	$320,277	$709,754	$-106,136
2023	$61,907	$243,697	$1,340,523	$-181,790
2022	$1,806,311	$1,497,511	$1,510,738	$308,800
2021	$5,777,495	$5,011,370	$2,031,863	$766,125
2020	$5,925,207	$5,217,945	$1,821,651	$707,262

Somerset Senior Living at Pine Hills