NACT SOMERSET INC C/O MICHELE FRIEDMAN

EIN: 871776524 501(c)(3) Recreation & Sports

SARASOTA, FL

Total Revenue
$4,932,848
Total Expenses
$4,337,558
Total Assets
$16,035,882
Net Assets
$1,362,450
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NJ
Principal Officer
MICHELE FRIEDMAN
Phone
9178636195
Tax Period
2023-11-01 to 2024-10-31

NACT SOMERSET INC C/O MICHELE FRIEDMAN, founded in 2021, is a community nonprofit in the Recreation & Sports sector that reported $4.9M in total revenue in fiscal year 2023. Expenses of $4.3M left a modest 12% surplus.

Mission

100 PERCENT OF NACT SOMERSET, INC. (NACT SOMERSET)'S CHARITABLE ACTIVITIES CONSIST OF PRESERVING AND EXPANDING THE TRADITIONAL DAY AND OVERNIGHT CHILDREN'S SUMMER CAMP EXPERIENCE BY (1) ACQUIRING, DEVELOPING, OPERATING AND MAINTAINING SUMMER CAMP FACILITIES, (2) PROTECTING CAMP LANDSCAPES FROM DEVELOPMENT, (3) RAISING FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO ALLOW CHILDREN OF LIMITED MEANS TO ATTEND SUMMER CAMP, AND (4) PROVIDING FREE OR LOW COST SUMMER CAMP PROGRAMS FOR CHILDREN WHO HAVE FINANCIAL, MEDICAL OR OTHER CHALLENGES.

Program Service Accomplishments

Program 1
Expenses: $4,337,558 Revenue: $4,876,282

100 PERCENT OF NACT SOMERSET, INC. (NACT SOMERSET)'S CHARITABLE ACTIVITIES CONSIST OF PRESERVING AND EXPANDING THE TRADITIONAL DAY AND OVERNIGHT CHILDREN'S SUMMER CAMP EXPERIENCE BY (1) ACQUIRING...

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100 PERCENT OF NACT SOMERSET, INC. (NACT SOMERSET)'S CHARITABLE ACTIVITIES CONSIST OF PRESERVING AND EXPANDING THE TRADITIONAL DAY AND OVERNIGHT CHILDREN'S SUMMER CAMP EXPERIENCE BY (1) ACQUIRING, DEVELOPING, OPERATING AND MAINTAINING SUMMER CAMP FACILITIES, (2) PROTECTING CAMP LANDSCAPES FROM DEVELOPMENT, (3) RAISING FUNDS TO PROVIDE FINANCIAL ASSISTANCE TO ALLOW CHILDREN OF LIMITED MEANS TO ATTEND SUMMER CAMP, AND (4) PROVIDING FREE OR LOW COST SUMMER CAMP PROGRAMS FOR CHILDREN WHO HAVE FINANCIAL, MEDICAL OR OTHER CHALLENGES.

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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 $4,876,282
Investment Income $56,566
Other Revenue $0
TOTAL REVENUE $4,932,848

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $1,794,281
Fundraising Expenses $0
Program Expenses $4,337,558
Other Expenses $2,542,277
TOTAL EXPENSES $4,337,558

Year-over-Year Comparison

2023 2022 Change
Revenue $4,932,848 N/A N/A
Expenses $4,337,558 N/A N/A
Net Income $595,290 $0 N/A
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
4
Independent Members
4
Employees
296
Volunteers
4

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE FRIEDMAN ADMINISTRATIVE OFFICER 10.00
Officer Director
$0 $0 $0
JONATHAN GOLD PRESIDENT/TRUSTEE 1.00
Officer Director
$0 $0 $0
SCOTT ROTHCHILD TREASURER/TRUSEE 1.00
Officer Director
$0 $0 $0
JEFFREY LEIKIN TRUSTEE 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 $4,932,848 $4,337,558 $16,035,882 $595,290
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