AKRON SUMMIT COMMUNITY ACTION INC (EIN 340965339) - 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

1966

Legal Domicile

Principal Officer

MALCOLM J COSTA

Phone

3303767730

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

TO REDUCE POVERTY AND PROMOTE SELF-SUFFICIENCY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $24,350,092

Program Service Revenue $374,604

Investment Income $18,864

Other Revenue $46,826

TOTAL REVENUE $24,790,386

Expense Breakdown

Grants Paid $3,236,697

Salaries & Benefits $14,695,266

Fundraising Expenses $160,385

Program Expenses $22,256,664

Other Expenses $7,158,339

TOTAL EXPENSES $25,090,302

Year-over-Year Comparison

	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%

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

259

Volunteers

2109

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

$474,171

Total Directors

Key Employees

Highest Compensated

reported

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

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	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

AKRON SUMMIT COMMUNITY ACTION INC