Summit Foundation dba Summit Thrif… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2023

Legal Domicile

Phone

3603124105

Tax Period

2025-01-01 to 2025-12-31

Summit Foundation dba Summit Thrift Store, founded in 2023, is a small nonprofit in the Human Services sector that reported $325K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $297K left a modest 9% surplus.

Mission

To generate funds to the glory of God for the purpose of discipling His people. Operation of a thrift store, run by volunteers selling donated goods.

Program Service Accomplishments

Program 1

Expenses: $294,093 Revenue: $322,618

Operation of a thrift store, run by volunteers selling donated goods.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $324,930

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $324,930

Expense Breakdown

Grants Paid $110,116

Salaries & Benefits $108,731

Fundraising Expenses $0

Program Expenses $294,093

Other Expenses $78,461

TOTAL EXPENSES $297,308

Year-over-Year Comparison

	2025	2024	Change
Revenue	$324,930	$266,423	+0.2%
Expenses	$297,308	$258,978	+0.1%
Net Income	$27,622	$7,445	+2.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donald Masters	President	5.00	Officer Director	$0	$0	$0
Ted Huizenga	Vice President	1.00	Officer Director	$0	$0	$0
Victoria Huizenga	Treasurer	5.00	Officer Director	$0	$0	$0
Marilyn Masters	Secretary	5.00	Officer Director	$0	$0	$0
Paul Assink	Board Member	0.00	Director	$0	$0	$0
Sharon Assink	Board Member	2.00	Director	$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	$324,930	$297,308	$72,948	$27,622
2024	$266,423	$258,978	$43,392	$7,445

Summit Foundation dba Summit Thrift Store