SUMMIT FOUNDATION INC (EIN 161418703) - 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

1983

Legal Domicile

Principal Officer

DANA L ZAKES

Phone

7166293400

Tax Period

2023-07-01 to 2024-06-30

SUMMIT FOUNDATION INC, founded in 1983, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $282K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $90K, a strong 32% operating margin.

Mission

TO PROVIDE SUPPORT SERVICES PRIMARILY TO THE SUMMIT CENTER, INC., AS WELL AS TO SUPPORT OTHER ORGANIZATIONS OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERACY OR EDUCATIONAL PURPOSES.

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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 $296,275

Program Service Revenue $0

Investment Income $0

Other Revenue $-14,300

TOTAL REVENUE $281,975

Expense Breakdown

Grants Paid $88,334

Salaries & Benefits $0

Fundraising Expenses $83,476

Program Expenses $88,456

Other Expenses $103,903

TOTAL EXPENSES $192,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,975	$241,691	+0.2%
Expenses	$192,237	$241,242	-0.2%
Net Income	$89,738	$449	+198.9%

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

$190,949

Total Directors

$190,949

Key Employees

$323,433

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA A FOTI	TREASURER	2.00	Officer Director	$0	$15,165	$190,949
THOMAS ROSENECKER	DIRECTOR	2.00	Officer Director	$0	$0	$0
JOSEPH BROWN	PRESIDENT	2.00	Director	$0	$0	$0
NEIL ARNOLD	SECRETARY	2.00	Director	$0	$0	$0
DAVE ASTON	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN NICHOLSON	DIRECTOR	2.00	Director	$0	$0	$0
ANDY RYAN	DIRECTOR	2.00	Director	$0	$0	$0
CINDY DEMARTI	DIRECTOR	2.00	Director	$0	$0	$0
GERALD CORNISH	DIRECTOR	2.00	Director	$0	$0	$0
YOLANDA MORRIS	DIRECTOR	2.00	Director	$0	$0	$0
TINIKA DANDRIDGE	DIRECTOR	2.00	Director	$0	$0	$0
JANICE LARSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVE ZOLNOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
BETHANN ROEHLING FLYNN	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN R ANDERSON	CONSULTANT	2.00	Key Emp	$0	$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	$281,975	$192,237	$1,622,292	$89,738
2023	$241,691	$241,242	$1,427,693	$449
2022	$48,121	$1,129,628	$1,308,590	$-1,081,507
2021	$325,006	$691,008	$2,818,284	$-366,002
2020	$1,696,188	$411,269	$2,637,088	$1,284,919
2019	$797,939	$196,365	$1,352,226	$601,574
2018	$447,741	$1,009,479	$833,980	$-561,738

SUMMIT FOUNDATION INC