Summit Academy High School (EIN 271884849) - 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

2009

Legal Domicile

Principal Officer

Jon Eborn

Phone

8015729007

Tax Period

2023-07-01 to 2024-06-30

Summit Academy High School, founded in 2009, is a micro nonprofit that reported $23K in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $135K exceeded revenue, resulting in a 486% operating deficit.

Mission

Charter School is organized to provide High School education to students in the Draper, Utah region.

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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 $16,713

Program Service Revenue $0

Investment Income $6,335

Other Revenue $0

TOTAL REVENUE $23,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $-23,816

Fundraising Expenses $0

Program Expenses $135,080

Other Expenses $158,896

TOTAL EXPENSES $135,080

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,048	$7,053,224	-1.0%
Expenses	$135,080	$6,346,964	-1.0%
Net Income	$-112,032	$706,260	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Jon Eborn	Chairman	Officer Director	$0	$0	$0
Chelsea Welch	Vice Chair	Officer Director	$0	$0	$0
Tracy Ellis	Secretary	Officer Director	$0	$0	$0
Peter Baxter	Treasurer	Officer Director	$0	$0	$0
Molly Hart	CEO	Officer	$0	$0	$0
Brad Wilkinson	CFO	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
2024	$23,048	$135,080	No data	$-112,032
2023	$7,053,224	$6,346,964	$16,330,362	$706,260
2022	$6,392,124	$5,275,469	$14,989,976	$1,116,655
2021	$5,595,452	$5,991,381	$14,518,136	$-395,929
2020	$5,642,813	$5,342,788	$14,945,443	$300,025
2019	$5,723,658	$7,328,604	$14,902,556	$-1,604,946

Summit Academy High School