SUMMIT EDUCATION INITIATIVE (EIN 341843220) - 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

1996

Legal Domicile

Principal Officer

DAVID W JAMES

Phone

3305358833

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

OUR MISSION IS TO SIGNIFICANTLY INCREASE THE PROPORTION OF STUDENTS WHO GRADUATE FROM HIGH SCHOOL READY FOR SUCCESS.

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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 $1,271,443

Program Service Revenue $231,850

Investment Income $69,273

Other Revenue $10,206

TOTAL REVENUE $1,582,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,098,868

Fundraising Expenses $146,879

Program Expenses $1,100,170

Other Expenses $503,033

TOTAL EXPENSES $1,601,901

Year-over-Year Comparison

	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%

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

250

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

$324,087

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

SUMMIT EDUCATION INITIATIVE