Somerset County Commission On Aging Inc
EIN: 521127961 · Westover, MD · NTEE: P81Z
| Metric | Value |
|---|---|
| Total Revenue | $781K |
| Total Expenses | $686K |
| Net Assets | $787K |
Is Somerset County Commission On Aging Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Somerset County Commission On Aging Inc
Somerset County Commission On Aging Inc (EIN: 521127961) is a nonprofit organization based in Westover, MD, classified under NTEE code P81Z. The organization reported total revenue of $781K and total assets of $837K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somerset County Commission On Aging Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somerset County Commission On Aging Inc is a small nonprofit that has been operating for 46 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $798K |
| Total Expenses | $686K |
| Surplus / Deficit | +$111K |
| Total Assets | $822K |
| Total Liabilities | $34K |
| Net Assets | $787K |
| Operating Margin | 14.0% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 14.4 months |
Financial Health Grade: A
In 2023, Somerset County Commission On Aging Inc reported a surplus of $111K with revenue exceeding expenses, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2023), Somerset County Commission On Aging Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +6.9% | +16.8% |
| 2022 | +15.9% | +8.6% | +100.3% |
| 2020 | -12.6% | -14.4% | +80.4% |
| 2019 | +5.7% | +2.0% | +114.2% |
| 2018 | +5.8% | -0.5% | +27.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Somerset County Commission On Aging Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Somerset County Commission On Aging Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $111K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.2%.
Frequently Asked Questions about Somerset County Commission On Aging Inc
Is Somerset County Commission On Aging Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Somerset County Commission On Aging Inc (EIN: 521127961) insufficient data. 0 red flags identified, 0 strengths noted.
How does Somerset County Commission On Aging Inc spend its money?
Detailed spending breakdown data is not yet available for Somerset County Commission On Aging Inc. Check back for updated IRS 990 analysis.
Are donations to Somerset County Commission On Aging Inc tax-deductible?
Somerset County Commission On Aging Inc is registered as a tax-exempt nonprofit (EIN: 521127961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Somerset County Commission On Aging Inc located?
Somerset County Commission On Aging Inc is headquartered in Westover, Maryland and files with the IRS under EIN 521127961. It is classified under NTEE code P81Z.
How many years of IRS 990 filings does Somerset County Commission On Aging Inc have?
Somerset County Commission On Aging Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $781K in total revenue.
Filing History
IRS 990 filing history for Somerset County Commission On Aging Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Somerset County Commission On Aging Inc's revenue has grown by 31.1%, moving from $609K to $798K. Total assets increased by 959.4% over the same period, from $78K to $822K. Total functional expenses rose by 12.8%, from $609K to $686K. In its most recent filing year (2023), Somerset County Commission On Aging Inc reported a surplus of $111K, with revenue exceeding expenses. The organization holds $34K in liabilities against $822K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $787K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $798K | $686K | $822K | $34K | — | View 990 |
| 2022 | $771K | $642K | $703K | $30K | — | View 990 |
| 2020 | $665K | $591K | $351K | $37K | — | View 990 |
| 2019 | $761K | $691K | $195K | $5K | — | View 990 |
| 2018 | $720K | $677K | $91K | $0 | — | View 990 |
| 2017 | $681K | $681K | $72K | $0 | — | View 990 |
| 2016 | $554K | $554K | $95K | $24K | — | View 990 |
| 2015 | $585K | $585K | $72K | $0 | — | View 990 |
| 2014 | $550K | $550K | $91K | $19K | — | View 990 |
| 2013 | $544K | $544K | $72K | $0 | — | View 990 |
| 2012 | $609K | $609K | $78K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $798K, expenses of $686K, and assets of $822K (revenue +3.5% year-over-year).
- 2022: Revenue of $771K, expenses of $642K, and assets of $703K (revenue +15.9% year-over-year).
- 2020: Revenue of $665K, expenses of $591K, and assets of $351K (revenue -12.6% year-over-year).
- 2019: Revenue of $761K, expenses of $691K, and assets of $195K (revenue +5.7% year-over-year).
- 2018: Revenue of $720K, expenses of $677K, and assets of $91K (revenue +5.8% year-over-year).
- 2017: Revenue of $681K, expenses of $681K, and assets of $72K (revenue +22.9% year-over-year).
- 2016: Revenue of $554K, expenses of $554K, and assets of $95K (revenue -5.3% year-over-year).
- 2015: Revenue of $585K, expenses of $585K, and assets of $72K (revenue +6.4% year-over-year).
- 2014: Revenue of $550K, expenses of $550K, and assets of $91K (revenue +1.0% year-over-year).
- 2013: Revenue of $544K, expenses of $544K, and assets of $72K (revenue -10.6% year-over-year).
- 2012: Revenue of $609K, expenses of $609K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somerset County Commission On Aging Inc:
Data Sources and Methodology
This transparency report for Somerset County Commission On Aging Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.