Somerset County Hitorical Trust Incorporated

Nonprofit profile at a glance

EIN
521515095
IRS 990-EZ coverage
2018–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Princess Anne, MD, USA
Phone
4106513062
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$108,208
Expenses
$141,954
Assets
$167,884

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Randolph O George (President)
  • Shawn Carlson (Vice President)

People named in this filing

  • Randolph O George (President)
  • Shawn Carlson (Vice President)
  • Regina Bell (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are dedicated to preserving the legacy of Somersets past by providing stewardshop to historic properties, information and resources to those concerned about preservation, and promoting our tangible wealth of history on Marylands Eastern Shore.

What it reported doing in 2024

The trust continues vehicles initiated during the pandemic to remain connected to its members by maintaining a website, publishing a quarterly newsletter, maintaining an inventory of period building materials donated by its members, keeping a list of contractors known to provide restoration services, and welcoming newcomers to the community.The trust in the past has supported the Mount Zion Historical Society in its efforts to maintain the Mt. Zion Church. In 2024, the Trust paid for costs involved in creating an easment on the Historical Societys property so that a $90,000 grant from Maryland Historical Trust could be accessed.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 63% for direct work, and 37% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 100
  • Sustainability: 28
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.1%; rating input score 92
  • Program expense ratio: 64.5%; rating input score 65

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -31.2%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 1.18; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -14% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: 31.5% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: -3% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 92.1% of revenue deployed · 64.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $92K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.