AKRON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)AKRON SUMMIT COMMUNITY ACTION INC, founded in 1966, is a mid-sized nonprofit that reported $24.8M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring.
THE MISSION OF AKRON SUMMIT COMMUNITY ACTION, INC. IS TO REDUCE POVERTY AND PROMOTE SELF-SUFFICIENCY. THE BROAD OBJECTIVES OF THE AGENCY ARE: TO PROVIDE QUALITY SERVICES TO LOW-INCOME INDIVIDUALS AND FAMILIES; TO ADVOCATE FOR A POVERTY-FREE COMMUNITY; TO ASSIST FAMILIES TO BECOME SELF-RELIANT; TO STIMULATE EXPANSION OF ECONOMIC OPPORTUNITY FOR THE POOR AND THE COMMUNITY THROUGH ECONOMIC DEVELOPMENT-RELATED ACTIVITIES; TO MAXIMIZE OPERATIONAL EFFICIENCY; TO BECOME A PACESETTER FOR OTHER COMMUNITY ACTION AGENCIES BY ENCOURAGING AND IMPLEMENTING INNOVATIVE PROGRAMS; TO PROVIDE AND ENCOURAGE COMMUNITY LEADERSHIP IN MATTERS THAT AFFECT LOW-INCOME INDIVIDUALS AND FAMILIES.
THE HEAD START/EARLY HEAD START PROGRAM PROVIDES HIGH-QUALITY EARLY CHILDHOOD EDUCATION IN AGE-APPROPRIATE, NURTURING AND SECURE CENTER-BASED INFANT/TODDLER AND PRE-SCHOOL LEARNING ENVIRONMENTS. THE...
THE HEAD START/EARLY HEAD START PROGRAM PROVIDES HIGH-QUALITY EARLY CHILDHOOD EDUCATION IN AGE-APPROPRIATE, NURTURING AND SECURE CENTER-BASED INFANT/TODDLER AND PRE-SCHOOL LEARNING ENVIRONMENTS. THE HOME BASED OPTION IS ALSO OFFERED FOR 24 EARLY HEAD START FAMILIES AND 20 PREGNANT MOTHERS.THE PROGRAM GOALS ARE TO PROMOTE HEALTHY PRENATAL OUTCOMES FOR PREGNANT WOMEN, ENHANCE THE DEVELOPMENT OF VERY YOUNG CHILDREN, PROMOTE HEALTHY FAMILY FUNCTIONING, AND PROMOTE SCHOOL READINESS BY ENHANCING THE SOCIAL AND COGNITIVE DEVELOPMENT OF CHILDREN AND FAMILIES WHILE FOSTERING SELF-SUFFICIENCY AND LIFE-LONG PROBLEM-SOLVING SKILLS.HEAD START/EARLY HEAD START PROVIDES EDUCATION AND EARLY CHILDHOOD DEVELOPMENT, HEALTH SERVICES, NUTRITION SERVICES, SERVICES TO CHILDREN WITH SPECIAL NEEDS AND FAMILY DEVELOPMENT SERVICES TO 1,246 LOW-INCOME CHILDREN AGES 6 WEEKS TO 5 YEARS OLD AND THEIR FAMILIES.IN ADDITION TO THE SCOPE OF SERVICES ABOVE, THE EARLY HEAD START PROGRAM ALSO PROVIDES A HOME-BASED PRE-NATAL EDUCATION/CURRICULUM TO ENROLLED PREGNANT WOMEN AND THEIR CHILDREN, PROMOTING HEALTHY PRENATAL OUTCOMES WHILE ENHANCING KNOWLEDGE OF INFANT/TODDLER DEVELOPMENT AND DEVELOPING HEALTHY FAMILY FUNCTIONING.THE ENTIRE SCOPE OF HEAD START/EARLY HEAD START SERVICES IS RESPONSIVE AND APPROPRIATE TO EACH CHILD'S AND FAMILY'S DEVELOPMENTAL, ETHNIC, CULTURAL, AND LINGUISTIC HERITAGE.
COMMUNITY SERVICES:COMMUNITY SERVICE PROGRAMS PROVIDE EMERGENCY SERVICES TO LOW-INCOME FAMILIES AND INDIVIDUALS. JOB TRAINING (CDL AND OTHER) IS PROVIDED THROUGH COMUNITY SERVICES. THE AKRON SUMMIT...
COMMUNITY SERVICES:COMMUNITY SERVICE PROGRAMS PROVIDE EMERGENCY SERVICES TO LOW-INCOME FAMILIES AND INDIVIDUALS. JOB TRAINING (CDL AND OTHER) IS PROVIDED THROUGH COMUNITY SERVICES. THE AKRON SUMMIT EITC PROGRAM PROVIDES FACE-TO-FACE FREE TAX PREPARATION BY INTERNAL REVENUE SERVICE (IRS) CERTIFIED VOLUNTEERS WHO PREPARE FEDERAL, STATE, AND CITY OF AKRON RETURNS AT NO COST. THE CHORE PROGRAM PROVIDES NEEDED ASSISTANCE TO LOW INCOME ELDERLY AND DISABLED TO HELP MAINTAIN THEIR HOMES.
ENERGY ASSISTANCE:THE EMERGENCY HOME ENERGY ASSISTANCE PROGRAM (E-HEAP) ASSISTS LOW-INCOME HOUSEHOLDS THAT ARE THREATENED WITH A UTILITY SHUT-OFF NOTICE OR THAT HAVE RUN OUT OF BULK FUEL, SUCH AS OIL...
ENERGY ASSISTANCE:THE EMERGENCY HOME ENERGY ASSISTANCE PROGRAM (E-HEAP) ASSISTS LOW-INCOME HOUSEHOLDS THAT ARE THREATENED WITH A UTILITY SHUT-OFF NOTICE OR THAT HAVE RUN OUT OF BULK FUEL, SUCH AS OIL OR PROPANE.THE WINTER CRISIS PROGRAM (WCP) ASSISTS LOW-INCOME HOUSEHOLDS IN DANGER OF HAVING THEIR GAS OR ELECTRIC UTILITIES DISCONNECTED, HAVE ALREADY HAD SERVICES DISCONNECTED, OR THOSE WITH LESS THAN A TEN DAY SUPPLY OF BULK FUEL.THROUGH THE SUMMER CRISIS PROGRAM (SCP), ASSISTANCE IS MADE TO ELIGIBLE HOUSEHOLDS WITH AN ELECTRIC UTILITY PAYMENT.THROUGHOUT THE YEAR, AKRON SUMMIT COMMUNITY ACTION, INC. ALSO ENROLLS OR RE-VERIFIES GAS AND ELECTRIC UTILITY CUSTOMERS IN THE PERCENTAGE OF INCOME PAYMENT PLAN (PIPP). PIPP IS AN EXTENDED PAYMENT ARRANGEMENT THAT REQUIRES REGULATED GAS AND ELECTRIC COMPANIES TO ACCEPT PAYMENTS BASED ON A PERCENTAGE OF THE MONTHLY HOUSEHOLD INCOME.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $24,790,386 | $43,523,795 | -0.4% |
| Expenses | $25,090,302 | $42,600,334 | -0.4% |
| Net Income | $-299,916 | $923,461 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DENNIS TUBBS | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KELLY MCLAUGHLIN | 1ST VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVEN MCGARRITY | 2ND VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER OBURG | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANNETE BOSH ALEXANDER | SECRETARY (THRU 4/27/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| BROOKE AGURS | BOARD TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM BOWN | BOARD TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CRYSTAL BURNETT | BOARD TRUSTEE (THRU 1/26/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| RON CABLE | BOARD TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DONILEO CANNON | BOARD TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE ELLIOTT | BOARD TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHLEEN FOLKERTH | BOARD TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY HOPKINS | BOARD TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WENDI KELLER | BOARD TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL KELLY | BOARD TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| INDIA MOORE | BOARD TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JANOTT RAY | BOARD TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARCO SOMERVILLE | BOARD TRUSTEE (THRU 9/28/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| MALCOLM J COSTA | PRESIDENT & CEO | 40.00 |
Officer
|
$211,253 | $36,181 | $247,434 |
| RICHARD NELSON | SR VICE PRESIDENT & CFO | 40.00 |
Officer
|
$191,783 | $34,954 | $226,737 |
| AIMEE BUDNIK | VICE PRESIDENT | 40.00 |
Highest
|
$119,402 | $38,508 | $157,910 |
| ALLYSON JAMES | VP HEAD START EARLY CHILDHOOD | 40.00 |
Highest
|
$117,361 | $17,887 | $135,248 |
| WILLIAM ALFORD | ASSOC HEAD START DIRECTOR | 40.00 |
Highest
|
$106,725 | $6,724 | $113,449 |
| JESSICA HURST | ASSOC HEAD START DIRECTOR | 40.00 |
Highest
|
$101,230 | $23,217 | $124,447 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $24,790,386 | $25,090,302 | $9,980,031 | $-299,916 |
| 2022 | $43,523,795 | $42,600,334 | $11,670,829 | $923,461 |
| 2021 | $31,825,266 | $31,170,827 | $9,053,133 | $654,439 |
| 2020 | $26,811,176 | $26,717,655 | $7,295,096 | $93,521 |
| 2019 | $19,651,573 | $19,669,251 | $5,107,503 | $-17,678 |
| 2019 | $19,627,122 | $19,669,248 | $5,107,503 | $-42,126 |
| 2018 | $19,367,354 | $19,204,652 | $5,569,232 | $162,702 |
Compare AKRON SUMMIT COMMUNITY ACTION INC with other nonprofits in Ohio and across the country.