Somerset Senior Living at McGehee Inc

EIN: 823477009 501(c)(3)

Benton, AR

Total Revenue
$22,311
Total Expenses
$75,426
Total Assets
$519,662
Net Assets
$367,844
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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
8702225450
Tax Period
2023-01-01 to 2023-12-31

Somerset Senior Living at McGehee Inc, founded in 2017, is a micro nonprofit that reported $22K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 238% operating deficit.

Mission

THE ORGANIZATION PROVIDES AFFORDABLE SKILLED NURSING AND REHABILATIVE CARE TO ILL, INFIRM, MEDICALLY DISABLED AND ELDERLY INDIVIDUALS IN A LONG-TERM CARE ENVIRONMENT FOCUSED ON PERSON CENTERED CARE.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDEd AFFORDABLE SKILLED NURSING AND REHABILATIVE CARE TO ILL,INFIRM, MEDICALLY DISABLED AND ELDERLY INDIVIDUALS. THE ORGANIZATION ACTS IN CONCERTWITH COMMUNITY COMPASSION CENTERS...

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THE ORGANIZATION PROVIDEd AFFORDABLE SKILLED NURSING AND REHABILATIVE CARE TO ILL,INFIRM, MEDICALLY DISABLED AND ELDERLY INDIVIDUALS. THE ORGANIZATION ACTS IN CONCERTWITH COMMUNITY COMPASSION CENTERS OF ARKANSAS (CCCA) TO FORM A NETWORK OF NURSINGFACILITIES TO SERVE AS LOCATIONS FOR PROMOTING, DEVELOPING AND ADMINISTERINGPERSON-CENTERED, LONG-TERM CARE FOR ILL, INFIRM, MEDICALLY DISABLED AND ELDERLYINDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $8,061
Other Revenue $14,250
TOTAL REVENUE $22,311

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $75,426
TOTAL EXPENSES $75,426

Year-over-Year Comparison

2023 2022 Change
Revenue $22,311 $413,378 -0.9%
Expenses $75,426 $333,039 -0.8%
Net Income $-53,115 $80,339 -1.7%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
$206,000
Total Directors
1
$206,000
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 $206,000
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 No data No data No data No data
2024 No data No data No data No data
2023 $22,311 $75,426 $519,662 $-53,115
2022 $413,378 $333,039 $583,689 $80,339
2021 $2,984,249 $1,990,348 $1,121,733 $993,901
2020 $4,041,285 $4,332,181 $1,521,373 $-290,896
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