THE SUMMIT SCHOOL (EIN 112167091) - 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

1974

Legal Domicile

Principal Officer

DR BRUCE GOLDSMITH

Phone

8453587772

Tax Period

2022-07-01 to 2023-06-30

THE SUMMIT SCHOOL, founded in 1974, is a mid-sized nonprofit that reported $23.2M in total revenue in fiscal year 2022. Expenses of $20.4M left a modest 12% surplus.

Mission

SCHOOL FOR EMOTIONALLY DISTURBED CHILDREN

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,992,837

Program Service Revenue $20,852,203

Investment Income $37,775

Other Revenue $324,000

TOTAL REVENUE $23,206,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,439,098

Fundraising Expenses $0

Program Expenses $18,153,945

Other Expenses $2,928,732

TOTAL EXPENSES $20,367,830

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,206,815	$21,750,567	+0.1%
Expenses	$20,367,830	$18,892,464	+0.1%
Net Income	$2,838,985	$2,858,103	0.0%

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

235

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

$202,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ETHAN KREITZER	BOARD MEMBER	0.00		$0	$0	$0
SARAH WILCOX	BOARD MEMBER	0.00		$0	$0	$0
ENID GOLDBERG	BOARD MEMBER	0.00		$0	$0	$0
GIL SKYER	BOARD MEMBER	0.00		$0	$0	$0
ANNE D'ANDREA	BOARD MEMBER	0.00		$0	$0	$0
NINETTE STISKIN	BOARD MEMBER	0.00		$0	$0	$0
BRUCE GOLDSMITH	EXECUTIVE DIR	40.00	Officer	$202,000	$0	$202,000
DEBORAH DOLAN	PRINCIPAL	40.00	Highest	$160,876	$0	$160,876
KAREN FRIGENTI	PRINCIPAL	40.00	Highest	$179,167	$0	$179,167
BRANT GOLDSMITH	DIRECTOR	40.00	Highest	$168,454	$0	$168,454
KEN GACH	CFO	40.00	Highest	$101,574	$0	$101,574
ALLISON EDWARDS	PRINCIPAL	40.00	Highest	$160,251	$0	$160,251

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	$23,206,815	$20,367,830	$19,713,036	$2,838,985
2022	$21,750,567	$18,892,464	$17,296,151	$2,858,103
2021	$18,614,927	$18,983,366	$17,974,431	$-368,439
2020	$20,671,951	$20,006,262	$19,795,062	$665,689
2019	$19,935,011	$19,954,809	$17,090,130	$-19,798
2018	$18,798,150	$18,503,959	$17,093,797	$294,191

THE SUMMIT SCHOOL