Summit Nursery 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

1985

Legal Domicile

Principal Officer

Annie Harkins

Phone

2152480919

Tax Period

2023-07-01 to 2024-06-30

Summit Nursery School, founded in 1985, is a small nonprofit that reported $688K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $132K, a strong 19% operating margin.

Mission

Nursery school services

Program Service Accomplishments

Program 1

Expenses: $501,838 Revenue: $688,500

Provided nursery school services during the regular school year. Provided nursery school services during the summer. Provided nursery school services during extended hours.

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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 $0

Program Service Revenue $688,443

Investment Income $57

Other Revenue $0

TOTAL REVENUE $688,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $379,047

Fundraising Expenses $8,320

Program Expenses $501,838

Other Expenses $177,548

TOTAL EXPENSES $556,595

Year-over-Year Comparison

	2023	2022	Change
Revenue	$688,500	$741,400	-0.1%
Expenses	$556,595	$487,070	+0.1%
Net Income	$131,905	$254,330	-0.5%

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

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

$27,194

Total Directors

$82,857

Key Employees

$55,663

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Megan Ellis	Vice Chair	1.00	Officer Director	$0	$0	$0
Annie Harkins	Chair	5.00	Officer Director	$26,444	$750	$27,194
Katie Emery	Director	1.00	Director	$0	$0	$0
Judith Mercuris	Director	20.00	Director Key Emp	$54,463	$1,200	$55,663
Anna Garber	Secretary	1.00	Officer Director	$0	$0	$0
Rosie Dahlstrom	Director	1.00	Director	$0	$0	$0
Cari Freno	Director	1.00	Director	$0	$0	$0
Alexandra Atkins	Director	1.00	Director	$0	$0	$0
Rae Munroe	Director	1.00	Director	$0	$0	$0
John Mallinen	Director	1.00	Director	$0	$0	$0
Nina Gallagher	Director	1.00	Director	$0	$0	$0
Becca Serra	Director	1.00	Director	$0	$0	$0
Matt Egger	Treasurer	1.00	Officer	$0	$0	$0
Amanda Jacobs	Director	1.00	Director	$0	$0	$0
Julia McGuiness	Director	1.00	Director	$0	$0	$0
Julia Allen	Director	1.00	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
2025	No data	No data	No data	No data
2024	$688,500	$556,595	$563,394	$131,905
2023	$741,400	$487,070	$428,164	$254,330
2022	$445,956	$450,421	$324,981	$-4,465
2021	$396,592	$427,168	$321,024	$-30,576
2020	$339,781	$473,229	$296,352	$-133,448
2019	$433,889	$438,066	$219,229	$-4,177
2018	$432,331	$395,789	$216,232	$36,542