SUMMIT MEDINA BUSINESS ALLIANCE INC

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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

2006

Legal Domicile

Principal Officer

STEPHEN FRICKER

Phone

3303752111

Tax Period

2024-01-01 to 2024-12-31

SUMMIT MEDINA BUSINESS ALLIANCE INC, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $551K in total revenue in fiscal year 2024. Expenses of $495K left a modest 10% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO HELP FOSTER AND ENCOURAGE OHIO'S ECONOMY BY ASSISTING BUSINESS ENTITIES: FORM, SUSTAIN, AND GROW THEIR OPERATIONS. THE ORGANIZATION ACCOMPLISHES THIS MISSION IN THE NORTHEAST OHIO REGION.

Program Service Accomplishments

Program 1

Expenses: $299,581 Revenue: $2,745

THE ORGANIZATION HELPED FOSTER AND ENCOURAGE THE ECONOMY OF NORTHEAST OHIO BY ASSISTING BUSINESSES WITH IDEATION, FORMATION, SUSTAINABILITY AND GROWTH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $543,781

Program Service Revenue $1,850

Investment Income $4,471

Other Revenue $895

TOTAL REVENUE $550,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,478

Fundraising Expenses $38,846

Program Expenses $299,581

Other Expenses $133,432

TOTAL EXPENSES $494,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$550,997	$554,074	0.0%
Expenses	$494,910	$568,185	-0.1%
Net Income	$56,087	$-14,111	-5.0%

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

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

$108,414

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN JASIONOWSKI	EXECUTIVE DI	40.00	Officer	$88,115	$20,299	$108,414
DIANE MILLER DAWSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SAM DESHAZIOR	PRESIDENT, R	1.00	Officer Director	$0	$0	$0
STEPHEN FRICKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
HOLLY MILLER	TRUSTEE	1.00	Director	$0	$0	$0
LATONDA MOBLEY	TRUSTEE	1.00	Director	$0	$0	$0
SEAN VOLLMAN	TREASURER	1.00	Officer Director	$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	$550,997	$494,910	$341,026	$56,087
2023	$554,074	$568,185	$294,130	$-14,111
2022	$678,906	$585,373	$237,584	$93,533
2022	$108,867	$132,965	$213,496	$-24,098
2021	$503,759	$572,535	$144,051	$-68,776
2020	$550,996	$475,981	$212,815	$75,015
2019	$465,587	$475,783	$137,814	$-10,196
2019	$465,587	$475,783	$137,814	$-10,196
2018	$439,079	$434,999	$136,041	$4,080