SUMMIT TERRACE DEVELOPMENT CORPORATION (EIN 341803248) - 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

1995

Legal Domicile

Principal Officer

MICHELLE MARSHALL

Phone

3304342400

Tax Period

2024-01-01 to 2024-12-31

SUMMIT TERRACE DEVELOPMENT CORPORATION, founded in 1995, is a small nonprofit in the Mental Health sector that reported $143K in total revenue in fiscal year 2024. Expenses of $178K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE SAFE, DECENT, AND AFFORDABLE HOUSING TO SINGLE MEN AND WOMEN WITH A CHRONIC DISABILITY IN AKRON, OH.

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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 $0

Program Service Revenue $143,325

Investment Income $5

Other Revenue $0

TOTAL REVENUE $143,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,219

Other Expenses $178,146

TOTAL EXPENSES $178,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,330	$146,912	0.0%
Expenses	$178,146	$199,810	-0.1%
Net Income	$-34,816	$-52,898	-0.3%

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

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

$369,124

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHINA DARRINGTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAUREN GREEN-HULL	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE HEMSWORTH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CONNIE PORTER	SECRETARY/ TREASURER	1.00	Officer Director	$0	$0	$0
SETH ANDREW SMOLEN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER FOY	DIRECTOR	1.00	Director	$0	$0	$0
BECKY RYBA	DIRECTOR	1.00	Director	$0	$0	$0
JANET WAGNER	PRESIDENT	1.00	Officer	$0	$9,146	$214,414
MICHELLE MARSHALL	CFO	1.00	Officer	$0	$17,789	$154,710

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	$143,330	$178,146	$686,527	$-34,816
2023	$146,912	$199,810	$723,268	$-52,898
2022	$143,058	$200,668	$765,859	$-57,610
2021	$152,083	$183,387	$818,793	$-31,304
2020	$147,477	$167,739	$842,440	$-20,262
2019	$137,650	$149,375	$860,349	$-11,725
2018	$119,612	$166,242	$872,122	$-46,630

SUMMIT TERRACE DEVELOPMENT CORPORATION