SUMMIT PUBLIC SCHOOLS

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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

2008

Legal Domicile

Principal Officer

CADY CHING

Phone

6502579880

Tax Period

2024-07-01 to 2025-06-30

SUMMIT PUBLIC SCHOOLS, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $54.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

OPERATES COLLEGE PREPARATORY CALIFORNIA CHARTER SCHOOLS, AND PROGRAMS TO DEVELOP TEACHERS AND SCHOOL LEADERS TO ADDRESS THE CONTINUALLY EVOLVING NEEDS OF THE EDUCATIONAL ECOSYSTEM.

Program Service Accomplishments

Program 1

Expenses: $50,902,601 Revenue: $2,880,007

CHARTER SCHOOLS PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. DURING THE YEAR ENDED JUNE 30, 2025, SUMMIT PUBLIC SCHOOLS OPERATED 6 CHARTER SCHOOLS AND SERVED APPROXIMATELY 2,500 STUDENTS, AND TEACHER AND LEADER TRAINING PROGRAMS TO RESPOND TO THE DIVERSE NEEDS OF COMMUNITIES IN THE CONTEXT OF CONTINUOUSLY EVOLVING EDUCATIONAL ECO-SYSTEMS. ALSO PROVIDES SCHOOL SERVICE SUPPORT TO SUMMIT PUBLIC SCHOOLS - WASHINGTON

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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 $49,680,525

Program Service Revenue $2,880,007

Investment Income $1,512,929

Other Revenue $231,576

TOTAL REVENUE $54,305,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,739,123

Fundraising Expenses $338,841

Program Expenses $50,902,601

Other Expenses $22,290,489

TOTAL EXPENSES $56,029,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,305,037	$58,227,781	-0.1%
Expenses	$56,029,612	$52,814,960	+0.1%
Net Income	$-1,724,575	$5,412,821	-1.3%

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

363

Volunteers

200

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

$626,365

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CADY CHING	CHIEF EXECUTIVE OFFICER	40.00	Officer	$279,178	$33,989	$313,167
EDWARD LEE	CFO (LEFT FEB 2025)	40.00	Officer	$260,416	$52,782	$313,198
FELIX LI	CHIEF OPERATIONS OFFICER	40.00	Highest	$215,557	$81,606	$297,163
CAITLYN HERMAN	CHIEF ACADEMIC OFFICER	40.00	Highest	$238,149	$52,152	$290,301
NNANNA OGBU	CHIEF LEGAL OFFICER	40.00	Highest	$223,946	$58,251	$282,197
BRETT VAN ZUIDEN	CHIEF INFO OFFICER	40.00	Highest	$219,346	$44,882	$264,228
SHARON JOHNSON	SR DIR OF SPECIALIZED LEARNING	40.00	Highest	$231,871	$46,813	$278,684
BRYCE FLEMING	CFO (JOINED MAY 2025)	40.00	Officer	$0	$0	$0
DIEGO ARAMBULA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ELIZABETH CHOI	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE HANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN HUMPHREYS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT OSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JIMMY ZUNIGA	BOARD MEMBER	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	$54,305,037	$56,029,612	$64,843,322	$-1,724,575
2024	$58,227,781	$52,814,960	$68,464,260	$5,412,821
2023	$62,505,480	$67,560,018	$76,020,327	$-5,054,538
2022	$62,350,567	$61,899,723	$43,434,175	$450,844
2021	$55,546,203	$56,658,320	$48,530,707	$-1,112,117
2020	$61,060,378	$60,850,003	$54,341,620	$210,375
2019	$76,985,306	$73,278,588	$44,769,752	$3,706,718