SUMMIT SPEECH SCHOOL

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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

1967

Legal Domicile

Principal Officer

RAY DORSO

Phone

9085080011

Tax Period

2024-07-01 to 2025-06-30

SUMMIT SPEECH SCHOOL, founded in 1967, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Expenses of $4.7M left a modest 9% surplus.

Mission

TO EMPOWER CHILDREN WITH HEARING LOSS TO BECOME EFFECTIVE COMMUNICATORS USING LISTENING AND SPOKEN LANGUAGE. WITH SUPPORT FROM FAMILIES AND PROFESSIONALS, THERE ARE NO LIMITS TO OUR CHILDREN REACHING THEIR FULLEST POTENTIAL IN THEIR HOMES, SCHOOLS, AND COMMUNITIES, AND BECOMING LIFELONG LEARNERS.

Program Service Accomplishments

Program 1

Expenses: $1,192,353 Revenue: $1,524,332

EDUCATION OF HEARING IMPAIRED CHILDREN THREE TO FIVE YEARS OF AGE.

Program 2

Expenses: $494,219 Revenue: $312,817

PROVIDE EARLY INTERVENTION SERVICES TO CHILDREN ZERO TO THREE YEARS OF AGE. OFFERS PARENTS AND CAREGIVERS THE SKILLS AND CONFIDENCE THEY NEED TO HELP THEIR YOUNG CHILDREN LEARN TO LISTEN AND TALK...

PROVIDE EARLY INTERVENTION SERVICES TO CHILDREN ZERO TO THREE YEARS OF AGE. OFFERS PARENTS AND CAREGIVERS THE SKILLS AND CONFIDENCE THEY NEED TO HELP THEIR YOUNG CHILDREN LEARN TO LISTEN AND TALK . INDIVIDUALIZED SESSIONS PROVIDED AT HOME OR IN CHILDCARE SETTINGS ARE GUIDED BY CERTIFIED TEACHERS OF THE DEAF AND FOCUS ON AUDITORY HABILITATION AND SPEECH/LANGUAGE DEVELOPEMENT.

Program 3

Expenses: $1,350,341 Revenue: $1,670,319

ITINERANT PROGRAM - SPECIALLY TRAINED TEACHERS OF THE DEAF PROVIDE SUPPORT TO CHILDREN AND YOUNG ADULTS, PARENTS, AND SCHOOL PERSONNEL, FROM PRESCHOOL THROUGH HIGH SCHOOL, TO MAXIMIZE THE BENEFITS...

ITINERANT PROGRAM - SPECIALLY TRAINED TEACHERS OF THE DEAF PROVIDE SUPPORT TO CHILDREN AND YOUNG ADULTS, PARENTS, AND SCHOOL PERSONNEL, FROM PRESCHOOL THROUGH HIGH SCHOOL, TO MAXIMIZE THE BENEFITS RECEIVED FROM MAINSTREAM PLACEMENT.

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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 $1,111,236

Program Service Revenue $3,526,543

Investment Income $489,864

Other Revenue $53,460

TOTAL REVENUE $5,181,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,845,424

Fundraising Expenses $440,144

Program Expenses $3,075,471

Other Expenses $874,196

TOTAL EXPENSES $4,719,620

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,181,103	$5,002,323	+0.0%
Expenses	$4,719,620	$4,546,951	+0.0%
Net Income	$461,483	$455,372	+0.0%

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

$362,412

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE PRESTON	CHAIR	1.00	Director	$0	$0	$0
LOREDANA CORMARTY	VICE CHAIR	1.00	Director	$0	$0	$0
KEVIN WALSH	SECRETARY	1.00	Director	$0	$0	$0
NICK TAFURI	TREASURER	1.00	Director	$0	$0	$0
SAMANTHA BARBIERI	TRUSTEE	1.00	Director	$0	$0	$0
RASMEET CHAHIL	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW CHORNEY	TRUSTEE	1.00	Director	$0	$0	$0
TRACY DANSKY	TRUSTEE	1.00	Director	$0	$0	$0
JED KWARTLER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL LUDWIG	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN RAHO	TRUSTEE	1.00	Director	$0	$0	$0
MARYAM ROBATI-MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN PLUMP	TRUSTEE	1.00	Director	$0	$0	$0
RANDI SILVERSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
RAY DORSO	EXECUTIVE DIRECTOR	40.00	Officer	$132,366	$2,704	$135,070
PAMELA VOLPE	BUSINESS ADMINISTRATOR	40.00	Officer	$107,946	$15,210	$123,156
ELLEN TEPPER	SENIOR DEVELOPPMENT OFFICER	40.00	Officer	$84,761	$19,425	$104,186

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	$5,181,103	$4,719,620	$12,041,102	$461,483
2024	$5,002,323	$4,546,951	$11,039,743	$455,372
2023	$5,663,553	$4,383,758	$9,988,069	$1,279,795
2022	$4,268,879	$4,222,587	$7,846,224	$46,292
2021	$5,858,895	$3,881,435	$9,329,537	$1,977,460
2020	$4,288,174	$4,085,760	$8,162,493	$202,414
2019	$4,338,554	$4,242,526	$7,346,276	$96,028
2018	$4,131,803	$4,211,083	$11,404,490	$-79,280