CLARKS SUMMIT UNIVERSITY

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1932

Legal Domicile

Principal Officer

JAMES LYTLE

Phone

5705862400

Tax Period

2024-06-01 to 2025-05-31

CLARKS SUMMIT UNIVERSITY, founded in 1932, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 128% operating deficit.

Mission

CLARKS SUMMIT UNIVERSITY IS A FULLY ACCREDITED, CHRIST-CENTERED EDUCATIONAL INSTITUTION LOCATED IN A SUBURBAN AREA OF THE SCRANTON/WILKES-BARRE, PA METROPOLITAN AREA. OUTSTANDING BIBLICAL HIGHER EDUCATION IS OFFERED THROUGH ON-CAMPUS, ONLINE, AND OTHER DISTANCE LEARNING OPTIONS. STUDENTS LEARN TO SERVE AND LEAD AS THEY GAIN CRITICAL LEADERSHIP AND LIFE SKILLS. OUR STUDENTS, FACULTY, AND STAFF CONTRIBUTE TO A BETTER QUALITY OF LIFE IN NORTHEASTERN PENNSYLVANIA AND AROUND THE WORLD. OUR SCENIC 114-ACRE CAMPUS INCLUDES 17 MAJOR BUILDINGS, ATHLETIC FACILITIES, AND A 4 1/2-ACRE LAKE. NEARLY 13,000 PEOPLE HAVE EARNED DEGREES AND HAVE LIVED IN ALL 50 STATES AND AS MANY FOREIGN COUNTRIES.

Program Service Accomplishments

Program 1

Expenses: $738,526 Revenue: $319,773

REVENUE FROM TUITION AND FEES PAYS FOR A RANGE OF TEACHING, MATERIALS, ADMINISTRATIVE, AND TECHNICAL EXPENSES. WITH NEARLY 1,100 STUDENTS, CLARKS SUMMIT UNIVERSITY OFFERS STUDIES FROM A ONE-YEAR...

REVENUE FROM TUITION AND FEES PAYS FOR A RANGE OF TEACHING, MATERIALS, ADMINISTRATIVE, AND TECHNICAL EXPENSES. WITH NEARLY 1,100 STUDENTS, CLARKS SUMMIT UNIVERSITY OFFERS STUDIES FROM A ONE-YEAR BIBLE CERTIFICATE TO FULL DOCTORATE PROGRAMS. UNDERGRADUATE MAJORS RANGE FROM INTERCULTURAL YOUTH MINISTRIES AND WORSHIP PASTOR TO BUSINESS ADMINISTRATION AND TEACHER EDUCATION. THE COLLEGE AND SEMINARY STAFF INCLUDES 23 FULL-TIME FACULTY, 16 OF WHOM HOLD TERMINAL DOCTORATE DEGREES. ACCREDITATION IS PROVIDED BY BOTH THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES ASSOCIATION OF COLLEGES AND SCHOOLS AND THE ASSOCIATION FOR BIBLICAL HIGHER EDUCATION. ALL DEGREES ARE APPROVED BY THE COMMONWEALTH OF PENNSYLVANIA. MORE THAN 95 PERCENT OF UNDERGRADUATE STUDENTS RECEIVE SOME FORM OF FINANCIAL AID.

Program 2

Expenses: $975,389 Revenue: $223,052

AUXILIARY ENTERPRISES INCLUDE ROOM, BOARD, CAFE AND OTHER ANCILLARY FUNCTIONS OF THE INSTITUTION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $419,640

Program Service Revenue $542,825

Investment Income $415,798

Other Revenue $71,627

TOTAL REVENUE $1,449,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,630

Fundraising Expenses $0

Program Expenses $1,713,915

Other Expenses $2,995,485

TOTAL EXPENSES $3,311,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,449,890	$8,481,620	-0.8%
Expenses	$3,311,115	$11,492,901	-0.7%
Net Income	$-1,861,225	$-3,011,281	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

300

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

$44,295

Total Directors

$2,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES LYTLE	PRESIDENT	45.00	Officer Director	$2,400	$0	$2,400
JEFF HOWELL	SECRETARY	2.00	Director	$0	$0	$0
DAN KALLMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
LARRY GREEN	BOARD MEMBER	2.00	Director	$0	$0	$0
DONN HAUSER	BOARD MEMBER	2.00	Director	$0	$0	$0
KEZIA CURRY	BOARD MEMBER	2.00	Director	$0	$0	$0
GRACE DYSON	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT GREENING	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM BENEFIEL	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT CALDERON	CHAIRMAN	2.00	Director	$0	$0	$0
MILT KORNEGAY	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDY CARMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM HIGLEY	ASSISTANT SECRETARY	40.00	Officer	$13,898	$0	$13,898
PAUL GOLDEN	DIRECTOR OF ALUMNI SERVICE	40.00	Officer	$12,869	$0	$12,869
ALLEN DREYER	EXECUTIVE DIRECTOR FOR ADM	40.00	Officer	$12,728	$0	$12,728
CATHERINE MOYNIHAN TO 22024	CONTROLLER	40.00	Officer	$2,400	$0	$2,400

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	$1,449,890	$3,311,115	$8,352,349	$-1,861,225
2024	$8,481,620	$11,492,901	$8,828,884	$-3,011,281
2023	$8,972,089	$10,843,396	$9,680,012	$-1,871,307
2022	$11,847,715	$10,948,109	$12,253,431	$899,606
2021	$11,070,983	$9,773,610	$10,797,437	$1,297,373
2020	$10,117,091	$9,286,024	$11,104,615	$831,067
2019	$9,217,741	$9,173,335	$10,923,127	$44,406