Summa Foundation William D Prather… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

William Prather

Phone

5058460416

Tax Period

2022-07-01 to 2023-06-30

Summa Foundation William D Prather Treasurer, founded in 1973, is a micro nonprofit in the Science & Technology sector that reported $3K in total revenue in fiscal year 2022. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $9K exceeded revenue, resulting in a 207% operating deficit.

Mission

Sponsor research and education in electromagnetics by holding seminars and publishing texts, including an annual week-long conference where hundreds of papers on electromagnetics are presented

Program Service Accomplishments

Program 1

Expenses: $2,726

Sponsor research and education in electromagnetics by holding seminars and publishing texts, including an annual week-long conference where hundreds of papers on electromagnetics are presented

Program 2

Expenses: $1,200

Graduate fellowships are awarded in the field of advanced electromagnetics to assist students in the development of ideas. Grantees are selected from a proposal that they submit and letters of...

Graduate fellowships are awarded in the field of advanced electromagnetics to assist students in the development of ideas. Grantees are selected from a proposal that they submit and letters of recommendation.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $0

Investment Income $2,004

Other Revenue $0

TOTAL REVENUE $3,004

Expense Breakdown

Grants Paid $1,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,926

Other Expenses $8,035

TOTAL EXPENSES $9,235

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,004	$29,808	-0.9%
Expenses	$9,235	$12,928	-0.3%
Net Income	$-6,231	$16,880	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edl Schamiloglu	President	1.00	Officer Director	$0	$0	$0
Spencer E Baum	Vice President	1.00	Officer Director	$0	$0	$0
William D Prather	Treasurer	1.00	Officer Director	$0	$0	$0
Jane Lehr	Vice President	1.00	Officer Director	$0	$0	$0
Everett Farr	Secretary	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
2023	$3,004	$9,235	$193,851	$-6,231
2022	$29,808	$12,928	$172,877	$16,880
2021	$27,074	$42,453	$217,201	$-15,379
2020	$9,980	$15,929	$214,041	$-5,949
2019	$12,892	$25,851	$204,281	$-12,959

Summa Foundation William D Prather Treasurer