Summit Academy Incorporated (EIN 043778013) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

Peter Baxter

Phone

8015729007

Tax Period

2024-07-01 to 2025-06-30

Summit Academy Incorporated, founded in 2003, is a mid-sized nonprofit in the Education sector that reported $33.2M in total revenue in fiscal year 2024. Expenses of $30.4M left a modest 9% surplus.

Mission

The Academy's mission is to provide a K-12 education.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $30,914,719

Program Service Revenue $1,097,856

Investment Income $1,035,477

Other Revenue $194,815

TOTAL REVENUE $33,242,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,059,664

Fundraising Expenses $0

Program Expenses $27,352,108

Other Expenses $9,315,018

TOTAL EXPENSES $30,374,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,242,867	$31,594,749	+0.1%
Expenses	$30,374,682	$32,494,566	-0.1%
Net Income	$2,868,185	$-899,817	-4.2%

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

543

Volunteers

400

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

$264,813

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Molly Hart	CEO	40.00	Officer	$147,059	$0	$147,059
Tanner Polatis	Information Technology	40.00		$121,355	$0	$121,355
Brad Wilkinson	CFO	40.00	Officer	$117,754	$0	$117,754
Travis Cook	CTE	40.00		$106,959	$0	$106,959
Angela Grimmer	School Principal	40.00		$100,542	$0	$100,542
Wilson Sivertson	Treasurer	4.00	Officer Director	$0	$0	$0
Chelsea Welch	Vice Chair	4.00	Officer Director	$0	$0	$0
Tracy Ellis	Secretary	4.00	Officer Director	$0	$0	$0
Peter Baxter	Chairman	4.00	Officer Director	$0	$0	$0
Daynia MacArtney	Trustee	2.00	Director	$0	$0	$0
Jared Morgan	Trustee	2.00	Director	$0	$0	$0
Elizabeth Lau	Trustee	2.00	Director	$0	$0	$0
Alana Johnson	CEO	2.00	Officer Director	$0	$0	$0
Jon Eborn	Retired Board	2.00	Director	$0	$0	$0
Marcia Whitman	Retired Board	2.00	Director	$0	$0	$0
Robin Derbidge	Retired Board	2.00	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
2025	$33,242,867	$30,374,682	$82,852,696	$2,868,185
2024	$31,594,749	$32,494,566	$80,549,001	$-899,817
2023	$22,760,375	$22,656,351	$63,233,109	$104,024
2022	$22,619,755	$20,011,122	$60,757,403	$2,608,633
2021	$21,044,224	$20,520,818	$58,076,316	$523,406
2020	$20,179,182	$20,269,775	$57,560,180	$-90,593
2019	$18,990,160	$18,302,918	$23,859,862	$687,242

Summit Academy Incorporated