SUMMIT LAKE BIBLE CONFERENCE INC (EIN 237004562) - 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

1969

Legal Domicile

Principal Officer

KATHLEEN COLEY

Phone

8887705338

Tax Period

2023-01-01 to 2023-12-31

SUMMIT LAKE BIBLE CONFERENCE INC, founded in 1969, is a small nonprofit in the Religion sector that reported $516K in total revenue in fiscal year 2023. Expenses of $700K exceeded revenue, resulting in a 36% operating deficit.

Mission

ORGANIZED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES TO PROVIDE CHRISTIAN ENCAMPMENT AND BIBLE RETREATS TO BENEFIT THE YOUTH OF THE COMMUNITY IN GENERAL AND EDUCATE ADULTS

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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 $28,067

Program Service Revenue $485,766

Investment Income $1,129

Other Revenue $865

TOTAL REVENUE $515,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $292,815

Fundraising Expenses $0

Program Expenses $538,845

Other Expenses $407,462

TOTAL EXPENSES $700,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$515,827	$525,037	0.0%
Expenses	$700,277	$4,192,994	-0.8%
Net Income	$-184,450	$-3,667,957	-0.9%

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

$48,860

Total Directors

$137,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM HOLLER	DIRECTOR	40.00	Director	$59,700	$0	$59,700
KATHLEEN COLEY	PRESIDENT/TR	40.00	Officer Director	$48,860	$0	$48,860
CAITLIN AYSCUE	DIRECTOR	30.00	Director	$29,200	$0	$29,200
KENNETH COLEY	SECRETARY	2.31	Officer Director	$0	$0	$0
SCOTT COLEY	DIRECTOR	0.20	Director	$0	$0	$0
TIM MILLER	DIRECTOR	0.20	Director	$0	$0	$0
MATT OLSEN	DIRECTOR	0.20	Director	$0	$0	$0
JOE VISY	DIRECTOR	0.20	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	No data	No data	No data	No data
2023	$515,827	$700,277	$842,004	$-184,450
2022	$525,037	$4,192,994	$913,299	$-3,667,957
2021	$296,673	$651,458	$4,808,097	$-354,785
2020	$156,830	$487,599	$4,838,682	$-330,769
2019	$793,458	$1,006,805	$4,925,880	$-213,347
2018	$825,047	$873,110	$5,241,622	$-48,063

SUMMIT LAKE BIBLE CONFERENCE INC