SUMMIT HOUSING INC (EIN 141990609) - 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

2006

Legal Domicile

Principal Officer

SARAH MUDD

Phone

8165310045

Tax Period

2022-04-01 to 2023-03-31

SUMMIT HOUSING INC, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $97K in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $155K exceeded revenue, resulting in a 60% operating deficit.

Mission

SUMMIT IS A 15-UNIT APARTMENT FACILITY FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.

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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 $0

Program Service Revenue $97,130

Investment Income $0

Other Revenue $0

TOTAL REVENUE $97,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,936

Other Expenses $155,098

TOTAL EXPENSES $155,098

Year-over-Year Comparison

	2022	2021	Change
Revenue	$97,130	$89,804	+0.1%
Expenses	$155,098	$133,245	+0.2%
Net Income	$-57,968	$-43,441	+0.3%

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

N/A

Volunteers

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

$359,770

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE COCHRAN	MEMBER	0.10	Director	$0	$0	$0
ADAM COLLINS	MEMBER	0.10	Director	$0	$0	$0
GREER LANG	MEMBER	0.10	Director	$0	$0	$0
DERRICK NELSON	SECRETARY	0.25	Officer Director	$0	$0	$0
BETH VAUGHAN	MEMBER	0.10	Director	$0	$0	$0
TYLER SETTER	MEMBER	0.10	Director	$0	$0	$0
BRIANNE THOMAS	MEMBER	0.10	Director	$0	$0	$0
CHAD MURPHY	MEMBER	0.10	Director	$0	$0	$0
ROGER WILLIAMS	MEMBER	0.10	Director	$0	$0	$0
TRI BUI	MEMBER	0.25	Director	$0	$0	$0
BRAD CONLEY	TREASURER	0.25	Officer Director	$0	$0	$0
OLIVIA DORSEY	VICE CHAIRPERSON	0.25	Officer Director	$0	$0	$0
PAUL RAMLOW	CHAIRPERSON	0.25	Officer Director	$0	$0	$0
JUSTIN GRESS	MEMBER	0.10	Director	$0	$0	$0
LIAM LARKIN	MEMBER	0.10	Director	$0	$0	$0
SHAUN POWERS	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$42,157	$161,296
SARAH MUDD	PRESIDENT/CEO	0.50	Officer	$0	$30,152	$198,474

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	$97,130	$155,098	$1,236,403	$-57,968
2023	$30,008	$33,536	$1,225,606	$-3,528
2022	$89,804	$133,245	$1,272,936	$-43,441
2021	$80,804	$133,443	$1,313,689	$-52,639
2020	$85,163	$134,349	$1,359,481	$-49,186
2019	$88,069	$116,024	$1,406,730	$-27,955

SUMMIT HOUSING INC