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 Seven Springs, founded in 2017, is a small nonprofit that reported $809K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $479K, a strong 59% operating margin.
The Organization provides affordable skilled nursing and rehabilitation care to ill, infirm, medically disabled and elderly individuals in a non-traditional long-term care environment utilizing the "culture change or person centered" care model.
THE ORGANIZATION ACTS IN CONCERT WITH COMMUNITY COMPASSION CENTERS OF ARKANSAS (CCCA) TO FORM A NETWORK OF NURSING FACILITIES TO SERVE AS LOCATIONS FOR PROMOTING, DEVELOPING AND ADMINISTERING CULTURE...
THE ORGANIZATION ACTS IN CONCERT WITH COMMUNITY COMPASSION CENTERS OF ARKANSAS (CCCA) TO FORM A NETWORK OF NURSING FACILITIES TO SERVE 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 IS 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. IT IS ANTICIPATED THAT WITH CONCERTED EFFORTS THE ORGANIZATION WILL INCREASE THE AVAILABILITY AND QUALITY OF HEALTH CARE FOR ITS RESPECTIVE COMMUNITIES, RESULTING IN BETTER HEALTH OUTCOMES AND QUALITY OF LIFE FOR THE ELDERLY.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $809,257 | $1,918,079 | -0.6% |
| Expenses | $329,979 | $1,530,416 | -0.8% |
| Net Income | $479,278 | $387,663 | +0.2% |
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 | President | 2.00 |
Officer
Director
|
$0 | $0 | $206,000 |
| Kriston Euton | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Dr James Ivy | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $809,257 | $329,979 | $1,466,596 | $479,278 |
| 2022 | $1,918,079 | $1,530,416 | $1,018,216 | $387,663 |
| 2021 | $5,792,505 | $5,161,508 | $1,768,602 | $630,997 |
| 2020 | $6,286,025 | $5,199,274 | $2,341,414 | $1,086,751 |
| 2018 | $4,780,079 | $5,290,845 | $735,847 | $-510,766 |
Compare Somerset Senior Living at Seven Springs with other nonprofits in Arkansas and across the country.