SUMMIT FOUNDATION (EIN 320735614) - 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

2023

Legal Domicile

Principal Officer

DONALD MASTERS

Phone

3603124105

Tax Period

2024-01-01 to 2024-12-31

SUMMIT FOUNDATION, founded in 2023, is a small nonprofit in the Human Services sector that reported $266K in total revenue in fiscal year 2024. Revenue surged 240% from the prior year, signaling strong growth momentum.

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.

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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 $6,013

Program Service Revenue $260,410

Investment Income $0

Other Revenue $0

TOTAL REVENUE $266,423

Expense Breakdown

Grants Paid $108,136

Salaries & Benefits $75,237

Fundraising Expenses $0

Program Expenses $255,307

Other Expenses $75,605

TOTAL EXPENSES $258,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,423	$78,278	+2.4%
Expenses	$258,978	$51,597	+4.0%
Net Income	$7,445	$26,681	-0.7%

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

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
LARRY HAAK	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE HAAK	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
2024	$266,423	$258,978	$43,392	$7,445

SUMMIT FOUNDATION