Somerset Senior Living at Canyon Springs

EIN: 823440835 501(c)(3)

Benton, AR

Total Revenue
$549,526
Total Expenses
$624,168
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
AR
Principal Officer
David Black
Phone
5013628137
Tax Period
2025-01-01 to 2025-09-30

Somerset Senior Living at Canyon Springs, founded in 2017, is a small nonprofit that reported $550K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $624K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION PROVIDES AFFORDABLE SKILLED NURSING AND REHABILATIVE CARE TO ILL,INFIRM, MEDICALLY DISABLED AND ELDERLY INDIVIDUALS IN A LONGTERM CARE ENVIRONMENTFOCUSED ON PERSON CENTERED CARE.

Program Service Accomplishments

Program 1
Expenses: $580,954

THE ORGANIZATION PROVIDEd AFFORDABLE SKILLED NURSING AND REHABILATIVE CARE TO ILL,INFIRM, MEDICALLY DISABLED AND ELDERLY INDIVIDUALS. THE ORGANIZATION ACTED IN CONCERT WITH COMMUNITY COMPASSION...

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THE ORGANIZATION PROVIDEd AFFORDABLE SKILLED NURSING AND REHABILATIVE CARE TO ILL,INFIRM, MEDICALLY DISABLED AND ELDERLY INDIVIDUALS. 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 PERSONCENTERED, LONGTERM CARE FOR ILL, INFIRM, MEDICALLY DISABLED AND ELDERLY INDIVIDUALS.During 2025, program expenses consisted of contributions to domestic organizations that further the organizations program goals.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $16,310
Other Revenue $533,216
TOTAL REVENUE $549,526

Expense Breakdown

Grants Paid $580,954
Salaries & Benefits $2,273
Fundraising Expenses $0
Program Expenses $580,954
Other Expenses $40,941
TOTAL EXPENSES $624,168

Year-over-Year Comparison

2024 2023 Change
Revenue $549,526 $796,564 -0.3%
Expenses $624,168 $372,071 +0.7%
Net Income $-74,642 $424,493 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

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
1
$153,700
Total Directors
3
$153,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Black Member Rep 2.00
Officer Director
$0 $0 $153,700
Teresa Milroy Director 1.00
Director
$0 $0 $0
Cecelia Nichols 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
2025 $549,526 $624,168 No data $-74,642
2024 No data No data No data No data
2023 $796,564 $372,071 $1,232,772 $424,493
2022 $1,999,107 $1,652,039 $982,559 $347,068
2021 $6,716,773 $6,139,316 $1,535,346 $577,457
2020 $7,784,494 $6,660,855 $1,595,717 $1,123,639
2018 $6,185,457 $6,940,010 $1,085,858 $-754,553
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