SUMMIT ACADEMY SCHOOL - LORAIN C/O SUMMIT ACADEMY MANAGEMENT (EIN 201437981) - 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

2004

Legal Domicile

Principal Officer

DAVID M HOSKIN

Phone

3306708470

Tax Period

2023-07-01 to 2024-06-30

SUMMIT ACADEMY SCHOOL - LORAIN C/O SUMMIT ACADEMY MANAGEMENT, founded in 2004, is a small nonprofit that reported $295K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring.

Mission

SUMMIT ACADEMY SCHOOLS BUILD HOPE, SUCCESS, AND WELL-BEING THROUGH ADVOCACY AND EDUCATION FOR CHILDREN WITH SPECIAL NEEDS

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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 $294,799

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $294,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $263,226

Other Expenses $294,799

TOTAL EXPENSES $294,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$294,799	$1,717,975	-0.8%
Expenses	$294,799	$1,717,975	-0.8%
Net Income	$0	$0	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT CHARPENTIER	BOARD MEMBER	1.00	Director	$0	$0	$0
REGINA KYNARD	BOARD MEMBER	1.00	Director	$0	$0	$0
KAMMERA RICE	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER THAI	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBRA SKUL	CHIEF OF ACADEMICS	1.00	Officer	$0	$0	$0
MARK MICHAEL	DIRECTOR OF OPERATIONS	1.00	Officer	$0	$0	$0
JOHN GUYER	CEO	1.00	Officer	$0	$0	$0

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
2024	$294,799	$294,799	No data	No data
2023	$1,717,975	$1,717,975	No data	No data
2022	$2,233,524	$2,233,524	No data	No data
2021	$1,856,440	$1,856,440	No data	No data
2020	$2,179,559	$2,272,444	$1,440,256	$-92,885
2019	$2,225,378	$2,051,963	$1,769,186	$173,415

SUMMIT ACADEMY SCHOOL - LORAIN C/O SUMMIT ACADEMY MANAGEMENT