AKRON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SUMMIT EDUCATION INITIATIVE, founded in 1996, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum.
OUR VISION IS TO DRAMATICALLY IMPROVE INDIVIDUAL AND REGIONAL PROSPERITY THROUGH INCREASED EDUCATIONAL ATTAINMENT.
ACADEMIC READINESS: THE FIRST PRIORITY IS ENSURING THESE YOUNG PEOPLE ARE READY TO TAKE THE ACT, FOR A SECOND TIME, IN THE FALL OF THEIR SENIOR YEAR. AN INTENSIVE TWO-WEEK SUMMER ACADEMY PROVIDES...
ACADEMIC READINESS: THE FIRST PRIORITY IS ENSURING THESE YOUNG PEOPLE ARE READY TO TAKE THE ACT, FOR A SECOND TIME, IN THE FALL OF THEIR SENIOR YEAR. AN INTENSIVE TWO-WEEK SUMMER ACADEMY PROVIDES THEM WITH MATH AND READING SKILL DEVELOPMENT AND USEFUL TEST-TAKING STRATEGIES. A FOLLOW-UP EVENT, MATHPALOOZA, REVIEWS KEY MATH SKILLS TO ENSURE STUDENTS HAVE MASTERED THE CONTENT.ASPIRATION BUILDING: THE GAP IS MORE THAN ACADEMIC; IT IS ALSO SOCIAL AND CULTURAL. MENTORS HELP REMOVE BARRIERS AND SHEPHERD THESE YOUNG PEOPLE FROM THEIR JUNIOR YEAR OF HIGH SCHOOL THROUGH ENROLLMENT IN A POSTSECONDARY INSTITUTION.ESTIMATES OF STUDENTS IMPACTED:PRE-SCHOOL AND KINDERGARTEN READINESS (ALL STUDENTS WHO PARTICIPATED IN THE TRANSITION SKILLS SUMMARY IN PRESCHOOL, COMBINED WITH STUDENTS ENROLLED IN KINDERGARTEN): 6,679THIRD GRADE READING (STUDENTS ENROLLED IN GRADES 1 THROUGH 3): 14,3948TH GRADE MATH (STUDENTS ENROLLED IN GRADES 5 THROUGH 8, OUR TARGET GRADE LEVELS TO PREPARE FOR 8TH GRADE MATH): 19,492NINTH GRADE SUCCESS + COLLEGE AND CAREER READINESS (STUDENTS ENROLLED IN GRADES 9-12, THE POPULATION SERVED THROUGH THE READY HIGH SCHOOL NETWORK): 19,251COLLEGE MATRICULATION AND PERSISTENCE (COUNT OF STUDENTS FROM THE CLASSES OF 2022AND 2023WHOM WE FOLLOWED THROUGH THE NATIONAL STUDENT CLEARINGHOUSE IN ORDER TO MEASURE MATRICULATION AND PERSISTENCE): 7059
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 | $1,582,772 | $1,186,745 | +0.3% |
| Expenses | $1,601,901 | $1,691,020 | -0.1% |
| Net Income | $-19,129 | $-504,275 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| ANDREW DUFF | CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANGELA MOSES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRADLEY VIRGIN | BOARD MEMBER | 11.00 |
Director
|
$0 | $0 | $0 |
| EVAN SCOCOS | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| ILENE SHAPIRO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JARED PENNINGTON PHD PA-C | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON WINKLER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER DALE FOX | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN DEARBORN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN WIENCEK PHD | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH IACANO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KIMESHA FLONNOY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LADA GIBSON-SHREVE PHD | VICE-CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK WULKAN MD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL TEFS EDD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PAM HICKSON-STEVENSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SAMUEL PIERRE-LOUIS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHANA LEE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE MILLARD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN DIMENGO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TIA RAMLOW | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| VINCENT JEFFRIES EDD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WM GLENN LEPPO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID W JAMES | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$180,000 | $54,087 | $234,087 |
| KAYE ROWE | SENIOR DIRECTOR OF FINANCE | 40.00 |
Officer
|
$84,000 | $6,000 | $90,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,582,772 | $1,601,901 | $2,104,978 | $-19,129 |
| 2023 | $1,186,745 | $1,691,020 | $2,003,128 | $-504,275 |
| 2022 | $1,681,930 | $2,031,352 | $2,470,947 | $-349,422 |
| 2021 | $2,055,954 | $1,602,742 | $3,055,893 | $453,212 |
| 2020 | $1,927,440 | $1,536,437 | $2,454,707 | $391,003 |
| 2019 | $1,439,668 | $1,466,327 | $2,004,506 | $-26,659 |
Compare SUMMIT EDUCATION INITIATIVE with other nonprofits in Ohio and across the country.