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 Premier, founded in 2017, is a small nonprofit that reported $739K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $336K, a strong 45% operating margin.
The organization provides affordable skilled nursing and rehabilitative care to ill, medically disabled and elderly individuals in a non-traditional long-term care environment utilizing the "culture charge 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.
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 | $739,483 | $2,898,872 | -0.7% |
| Expenses | $403,729 | $2,736,298 | -0.9% |
| Net Income | $335,754 | $162,574 | +1.1% |
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 | $206,000 |
| Bill Greene | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Larry Grayson | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Marilyn Riley | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $739,483 | $403,729 | $2,850,475 | $335,754 |
| 2022 | $2,898,872 | $2,736,298 | $2,515,615 | $162,574 |
| 2021 | $11,521,132 | $10,043,950 | $4,163,438 | $1,477,182 |
| 2020 | $11,941,706 | $10,514,213 | $4,692,367 | $1,427,493 |
| 2018 | $8,917,644 | $9,523,427 | $1,500,782 | $-605,783 |
Compare Somerset Senior Living at Premier with other nonprofits in Arkansas and across the country.