THE SUMMIT MEDICAL FITNESS CENTER

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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

2005

Legal Domicile

Principal Officer

COLE TURNER

Phone

4067515759

Tax Period

2022-04-01 to 2023-03-31

THE SUMMIT MEDICAL FITNESS CENTER, founded in 2005, is a community nonprofit in the Health Care sector that reported $5.8M in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $7.0M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE LOGAN HEATH MEDICAL FITNESS CENTER IS A COMPREHENSIVE FITNESS AND WELLNESS FACILITY, SERVING THE HEALTH AND WELLNESS NEEDS OF FLATHEAD COUNTY.

Program Service Accomplishments

Program 1

Expenses: $5,827,017 Revenue: $5,407,067

PROMOTES COMMUNITY HEALTH AND SAFETY THROUGH COMMUNITY ACTIVITIES AND SCHOOL-BASED PROGRAMS, INCLUDING EDUCATIONAL SEMINARS, HEALTH SCREENINGS, SAFETY ACTIVITIES, THERAPEUTIC LIFESTYLE PROGRAMS, AND...

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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 $380,221

Program Service Revenue $4,968,417

Investment Income $0

Other Revenue $463,534

TOTAL REVENUE $5,812,172

Expense Breakdown

Grants Paid $3,594

Salaries & Benefits $4,474,682

Fundraising Expenses $0

Program Expenses $5,827,017

Other Expenses $2,519,108

TOTAL EXPENSES $6,997,384

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,812,172	$4,970,413	+0.2%
Expenses	$6,997,384	$5,678,369	+0.2%
Net Income	$-1,185,212	$-707,956	+0.7%

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

180

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

$2,645,854

Total Directors

$2,280,674

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG LAMBRECHT	SYSTEM CEO	1.25	Officer Director	$0	$37,864	$1,287,919
STANLEY MAKMAN	TRUSTEE	0.25	Director	$0	$0	$605,631
ADAM SMITH DO	TRUSTEE	0.25	Director	$0	$26,823	$387,124
RHONDA SWANEY	CHAIR	0.25	Director	$0	$0	$0
MICHAEL GOGUEN	VICE CHAIR	0.25	Director	$0	$0	$0
CAROL DONALDSON	TRUSTEE	0.25	Director	$0	$0	$0
MICHELLE HARRIS	TRUSTEE	0.25	Director	$0	$0	$0
JANE KARAS	TRUSTEE	0.25	Director	$0	$0	$0
MARTHA KATZ	TRUSTEE	0.25	Director	$0	$0	$0
CHARLES LUDDEN MD	TRUSTEE	0.25	Director	$0	$0	$0
LARRY MCEVOY MD	TRUSTEE	0.25	Director	$0	$0	$0
CRAIG BOYER	SYSTEM CFO PART YEAR	1.25	Officer	$0	$24,842	$697,064
COLE TURNER	SYSTEM CFO	1.25	Officer	$0	$5,739	$459,472
BRAD ROY	EXECUTIVE DIRECTOR THE SUMMIT	32.50	Officer	$176,063	$25,336	$201,399

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	No data	No data	No data	No data
2023	$5,812,172	$6,997,384	$6,192,059	$-1,185,212
2023	$4,577,840	$5,428,165	$6,444,776	$-850,325
2022	$4,970,413	$5,678,369	$5,263,429	$-707,956
2021	$3,118,305	$4,412,060	$5,116,301	$-1,293,755
2020	$5,580,502	$5,726,667	$4,725,222	$-146,165
2019	$5,768,461	$5,907,962	$5,086,965	$-139,501
2018	$6,004,499	$6,323,628	$5,309,999	$-319,129