FRIENDS OF THE SUMMIT (EIN 264312124) - 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

2008

Legal Domicile

Principal Officer

TOMMY BRUNO

Phone

3307613095

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF THE SUMMIT, founded in 2008, is a small nonprofit in the Public & Societal Benefit sector that reported $109K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $161K exceeded revenue, resulting in a 47% operating deficit.

Mission

ENHANCE THE FUTURE OF THE SUMMIT AS A PREMIER PUBLIC MEDIA ORGANIZATION BY ENHANCING FINANCIAL SUPPORT, PROMOTING COMMUNITY INTEREST, AND PROVIDING ADVICE AND RECOMMENDATIONS TO STATION MANAGEMENT AND ITS LICENSE HOLDER

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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 $55,661

Program Service Revenue $41,349

Investment Income $12,344

Other Revenue $0

TOTAL REVENUE $109,354

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $32,277

Fundraising Expenses $0

Program Expenses $89,643

Other Expenses $126,922

TOTAL EXPENSES $161,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,354	$141,578	-0.2%
Expenses	$161,199	$150,757	+0.1%
Net Income	$-51,845	$-9,179	+4.6%

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

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
MARK BELGYA	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY BRENNAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDA CUMMINS	BOARD MEMBER	1.00	Director	$0	$0	$0
CLIFF DEVENY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE FELTES	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIOT MOSTOW	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE POHOLSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
TOMMY BRUNO	GENERAL MANA	40.00	Officer	$0	$0	$0
ERIN DRISCOLL	SECRETARY	1.00	Officer	$0	$0	$0
DAVID GLASS	BOARD MEMBER	1.00	Officer	$0	$0	$0
MORGAN LASHER	BOARD MEMBER	1.00	Officer	$0	$0	$0
CHERYL MCMILLAN	CHAIR	1.00	Officer	$0	$0	$0
ANDY PLATT	VICE CHAIR	1.00	Officer	$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	$109,354	$161,199	$471,452	$-51,845
2023	$141,578	$150,757	$495,702	$-9,179
2022	$140,958	$162,061	$484,102	$-21,103
2021	$144,912	$165,687	$466,537	$-20,775
2020	$213,057	$174,128	$487,214	$38,929

FRIENDS OF THE SUMMIT