SUMMIT PUBLIC SCHOOLS

EIN: 262034843 501(c)(3) Education

REDWOOD CITY, CA

Total Revenue
$54,305,037
Total Expenses
$56,029,612
Total Assets
$64,843,322
Net Assets
$40,113,572
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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
CA
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

SUMMIT PUBLIC SCHOOLS (SPS) IS A NONPROFIT, CALIFORNIA PUBLIC BENEFIT CORPORATION, DESIGNED TO TRAIN, CONSULT AND ADVISE PUBLIC SCHOOL TEACHERS AND ADMINISTRATORS; TO SUPPORT, MANAGE, OPERATE, GUIDE, DIRECT AND PROMOTE PUBLIC CHARTER SCHOOLS (THE SCHOOLS); AND FOR OTHER CHARITABLE EDUCATIONAL PURPOSES AS MAY OCCUR FROM TIME TO TIME. SPS IS ECONOMICALLY DEPENDENT ON STATE AND FEDERAL FUNDING. THE CHARTERS MAY BE REVOKED BY THEIR AUTHORIZERS FOR MATERIAL VIOLATIONS OF THE CHARTER, FAILURE TO MEET PUPIL OUTCOMES IDENTIFIED IN THE CHARTER, FAILURE TO MEET GENERALLY ACCEPTED STANDARDS OF FISCAL MANAGEMENT, OR VIOLATION OF ANY PROVISION OF THE LAW.

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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%)

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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

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Governance

Voting Members
7
Independent Members
7
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
4
$626,365
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
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
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