Summit Bank Foundation (EIN 311648835) - 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

2006

Legal Domicile

Principal Officer

Shirley Nelson

Phone

5108398800

Tax Period

2024-01-01 to 2024-12-31

Summit Bank Foundation, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $241K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $185K, a strong 77% operating margin.

Mission

Provide scholarships to underprivileged Oakland students and support cancer and other research at UCSF.

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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 $310,828

Program Service Revenue $0

Investment Income $14,669

Other Revenue $-84,120

TOTAL REVENUE $241,377

Expense Breakdown

Grants Paid $29,500

Salaries & Benefits $0

Fundraising Expenses $26,317

Program Expenses $29,500

Other Expenses $27,124

TOTAL EXPENSES $56,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,377	$209,014	+0.2%
Expenses	$56,624	$276,353	-0.8%
Net Income	$184,753	$-67,339	-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

N/A

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

$1,191,579

Total Directors

$680,707

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shirley Nelson	Chair	5.00	Officer Director	$0	$0	$680,707
Joe Rainero	President	1.00	Officer Director	$0	$0	$0
Anne Marie Taylor	Secretary	1.00	Officer Director	$0	$0	$0
Susan Casper	Director - left mid year	1.00	Director	$0	$0	$0
James Falaschi	Director	1.00	Director	$0	$0	$0
Ken Coit	Director	1.00	Director	$0	$0	$0
Alfred P Knoll	Director	1.00	Director	$0	$0	$0
David Ruegg	Director	1.00	Director	$0	$0	$0
Derreck Johnson	Director	1.00	Director	$0	$0	$0
Nancy O'Malley	Director	1.00	Director	$0	$0	$0
Maria Falaschi	Director - joined mid year	1.00	Director	$0	$0	$0
Mani Ganesamurthy	CFO	5.00	Officer	$0	$0	$510,872

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	$241,377	$56,624	$2,185,637	$184,753
2023	$209,014	$276,353	$2,000,884	$-67,339
2022	$326,449	$73,967	$2,068,223	$252,482
2021	$67,741	$109,303	$1,815,741	$-41,562
2020	$96,845	$251,369	$1,857,303	$-154,524
2019	$318,258	$237,277	$2,011,827	$80,981
2018	$247,007	$155,137	$1,970,038	$91,870

Summit Bank Foundation