SUMMIT ACADEMY INC (EIN 271962061) - 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

2010

Legal Domicile

Principal Officer

Dan Seibert

Phone

5705871545

Tax Period

2024-09-01 to 2025-08-31

SUMMIT ACADEMY INC, founded in 2010, is a small nonprofit in the Education sector that reported $789K in total revenue in fiscal year 2024.

Mission

Operate a Christian, non-public, non-licensed school for the purpose of a Biblically-based and a Christ-centered education

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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 $74,135

Program Service Revenue $703,986

Investment Income $10,109

Other Revenue $400

TOTAL REVENUE $788,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $569,818

Fundraising Expenses $0

Program Expenses $634,467

Other Expenses $235,670

TOTAL EXPENSES $805,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$788,630	$759,360	+0.0%
Expenses	$805,488	$753,132	+0.1%
Net Income	$-16,858	$6,228	-3.7%

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

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

$49,165

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Benedict	Administrator	40	Key Emp	$46,565	$0	$46,565
Chuck Gard	Financial Consultant	8	Key Emp	$2,600	$0	$2,600
Jessica Doneses	Vice President	5.00	Officer	$0	$0	$0
Paul Dimler	Treasurer	5	Officer	$0	$0	$0
Melissa Selenski	Secretary	5	Officer	$0	$0	$0
Dan Seibert	President	5	Officer	$0	$0	$0
Justin Jefferey	Member	5	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	$788,630	$805,488	$1,560,143	$-16,858
2024	$759,360	$753,132	$1,589,116	$6,228
2023	$712,734	$677,556	$1,616,482	$35,178
2022	$741,481	$619,132	$1,608,625	$122,349
2021	$473,095	$431,812	$1,462,318	$41,283

SUMMIT ACADEMY INC