Somerset Senior Living at Mount Vista (EIN 823441977) - 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

8077417667

Tax Period

2023-01-01 to 2023-12-31

Somerset Senior Living at Mount Vista, founded in 2017, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2020. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 19% operating margin.

Mission

TO 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 (2023)

Revenue Breakdown

Contributions & Grants $350,116

Program Service Revenue $0

Investment Income $45,523

Other Revenue $34,948

TOTAL REVENUE $430,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $286,182

TOTAL EXPENSES $286,182

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,587	$2,202,856	-0.8%
Expenses	$286,182	$1,659,966	-0.8%
Net Income	$144,405	$542,890	-0.7%

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

$206,000

Total Directors

$206,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Black	Member Rep	2.00	Officer Director	$0	$0	$206,000
Heath Kirkpatrick	Director	1.00	Director	$0	$0	$0
Charlotte Pledger	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	No data	No data	No data	No data
2023	$430,587	$286,182	$1,616,319	$144,405
2022	$2,202,856	$1,659,966	$1,485,865	$542,890
2021	$7,515,504	$6,699,709	$2,527,188	$815,795
2020	$8,113,760	$6,608,018	$2,565,153	$1,505,742

Somerset Senior Living at Mount Vista