SUMMIT ONE INC (EIN 272014931) - 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

AMY WATKINS

Phone

5802481814

Tax Period

2024-07-01 to 2025-06-30

SUMMIT ONE INC, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $37K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $47K exceeded revenue, resulting in a 25% operating deficit.

Mission

CORPORATION WAS FORMED TO PROVIDE A COMMUNITY BASED GROUP HOME HOUSING FOR DISABLED LOW INCOME ADULTS.

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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 $0

Program Service Revenue $37,090

Investment Income $174

Other Revenue $0

TOTAL REVENUE $37,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,464

Fundraising Expenses $0

Program Expenses $46,514

Other Expenses $39,050

TOTAL EXPENSES $46,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,264	$33,946	+0.1%
Expenses	$46,514	$50,237	-0.1%
Net Income	$-9,250	$-16,291	-0.4%

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
JAMES CUNNINGHAM	DIRECTOR	N/A	Director	$0	$0	$0
IRENE ELLIS	DIRECTOR	N/A	Director	$0	$0	$0
DEIDRA HENDERSON	DIRECTOR	N/A	Director	$0	$0	$0
RANDY HONEYCUTT	PRESIDENT	N/A	Officer Director	$0	$0	$0
DALE KEESEE	DIRECTOR	N/A	Director	$0	$0	$0
BONNIE WALKER	TREASURER	N/A	Officer Director	$0	$0	$0
AMY WATKINS	EXECUTIVE DI	N/A	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	$37,264	$46,514	$373,888	$-9,250
2023	$37,327	$35,194	$399,273	$2,133
2022	$30,312	$45,858	$397,395	$-15,546
2021	$31,866	$35,082	$412,686	$-3,216
2020	$-7,702	No data	$416,817	No data
2019	$-9,713	No data	$426,754	No data

SUMMIT ONE INC