THE SUMMIT CENTER INC (EIN 161095750) - 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

1977

Legal Domicile

Principal Officer

DANA ZAKES

Phone

7166293400

Tax Period

2023-07-01 to 2024-06-30

THE SUMMIT CENTER INC, founded in 1977, is a mid-sized nonprofit in the Education sector that reported $35.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PREPARE CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES OR BEHAVIORAL CHALLENGES AND THEIR FAMILIES FOR LIFE SUCCESS. THE ORGANIZATION'S VISION IS THAT EVERYONE WITH A DISABILITY WILL ACHIEVE A FULL AND PRODUCTIVE LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $690,208

Program Service Revenue $34,222,695

Investment Income $34,026

Other Revenue $496,790

TOTAL REVENUE $35,443,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,091,729

Fundraising Expenses $349,709

Program Expenses $31,820,744

Other Expenses $5,238,847

TOTAL EXPENSES $36,330,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,443,719	$31,768,232	+0.1%
Expenses	$36,330,576	$31,577,551	+0.2%
Net Income	$-886,857	$190,681	-5.7%

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

697

Volunteers

313

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

$663,519

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BRAND	PRESIDENT	3.00	Officer Director	$0	$0	$0
FREDERICK G FLOSS PHD	CO-VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JOHN CINQUINO	CO-VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ERIC SAENGER	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
LISA BURROWS-MACLEAN PHD	DIRECTOR	3.00	Director	$0	$0	$0
GREG FABIANO PHD	DIRECTOR	3.00	Director	$0	$0	$0
JOHN GAVIGAN	DIRECTOR	3.00	Director	$0	$0	$0
DANIEL P O'NEILL	DIRECTOR	3.00	Director	$0	$0	$0
KATHY RALABATE DOODY PHD	DIRECTOR	3.00	Director	$0	$0	$0
CINDY ROMANOWSKI MD	DIRECTOR	3.00	Director	$0	$0	$0
KENNETH SNIATECKI	DIRECTOR	3.00	Director	$0	$0	$0
DAVID P FLYNN	DIRECTOR	3.00	Director	$0	$0	$0
RAHSAAN H DELAIN	DIRECTOR	3.00	Director	$0	$0	$0
LISA A FOTI CPA	CEO	37.50	Officer	$175,784	$15,165	$190,949
AMY JABLONSKI PSYD BCBA-D	PRESIDENT	37.50	Officer	$161,771	$14,496	$176,267
DIANA SCHMIT	VICE PRESIDENT - COMMUNITY	37.50	Officer	$145,642	$18,848	$164,490
DANA ZAKES	CFO AS OF 1/1/24	37.50	Officer	$108,564	$23,249	$131,813
DAVID MEICHENBAUM	DIRECTOR OF CONSULTING SERVICES	37.50	Highest	$136,632	$12,366	$148,998
SUSAN KEENAN	HUMAN RESOURCES DIRECTOR	1.00	Highest	$114,220	$10,628	$124,848
STEPHEN R ANDERSON PHD	FORMER CHIEF EXECUTIVE OFFICER	37.50		$292,243	$31,190	$323,433

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	$35,443,719	$36,330,576	$30,698,933	$-886,857
2023	$31,768,232	$31,577,551	$20,727,988	$190,681
2022	$28,256,004	$27,064,958	$20,969,634	$1,191,046
2021	$26,250,878	$25,742,698	$18,720,307	$508,180
2020	$26,422,854	$25,877,383	$19,836,881	$545,471
2019	$27,964,504	$27,539,959	$15,396,626	$424,545
2018	$26,815,723	$26,057,541	$16,046,499	$758,182

THE SUMMIT CENTER INC