SUMMIT ACADEMY MANAGEMENT

EIN: 341938197 501(c)(3) Education

AKRON, OH

Total Revenue
$49,003,616
Total Expenses
$51,799,952
Total Assets
$31,441,474
Net Assets
$26,064,901
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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
2002
Legal Domicile
OH
Principal Officer
JOHN GUYER
Phone
3306708470
Tax Period
2022-07-01 to 2023-06-30

SUMMIT ACADEMY MANAGEMENT, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $49.0M in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE SUPPORT SERVICES FOR CHARTER SCHOOLS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $799
Program Service Revenue $48,174,051
Investment Income $306,617
Other Revenue $522,149
TOTAL REVENUE $49,003,616

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,516,749
Fundraising Expenses $0
Program Expenses $46,250,849
Other Expenses $18,283,203
TOTAL EXPENSES $51,799,952

Year-over-Year Comparison

2022 2021 Change
Revenue $49,003,616 $53,763,155 -0.1%
Expenses $51,799,952 $48,627,975 +0.1%
Net Income $-2,796,336 $5,135,180 -1.5%
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

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Governance

Voting Members
8
Independent Members
8
Employees
847
Volunteers
N/A

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
3
$590,714
Total Directors
8
$20,100
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY MARTIN BOARD MEMBER 0.10
Director
$0 $0 $2,400
FRED BRUMFIELD BOARD MEMBER 0.10
Director
$0 $0 $3,000
PATRICK TOFIL BOARD MEMBER 0.10
Director
$0 $0 $1,500
DAVID NORMAN BOARD MEMBER 0.10
Director
$0 $0 $2,100
ELAINE WILKINS - COPELAND BOARD MEMBER 0.10
Director
$0 $0 $2,700
ANTHONY MALORNI BOARD MEMBER 0.10
Director
$0 $0 $3,300
JAMES SLOGAR BOARD MEMBER 0.10
Director
$0 $0 $3,000
MICHAEL RASICCI BOARD MEMBER 0.10
Director
$0 $0 $2,100
JOHN GUYER CEO 40.00
Officer
$0 $39,918 $239,413
DEBRA SKUL CHIEF OF ACADEMICS 40.00
Officer
$0 $27,926 $156,882
MARK MICHAEL DIRECTOR OF OPERATIONS 40.00
Officer
$0 $44,354 $194,419
AMY COLE VP OF HR 40.00
Highest
$0 $38,805 $170,056
ERICA RICHLEY - DUDA DIRECTOR OF SPECIAL EDUCA 40.00
Highest
$0 $32,519 $144,934
HEATHER SINGER EXECUTIVE DIRECTOR OF CURRICULUM 40.00
Highest
$0 $31,132 $134,458
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 No data No data No data No data
2023 $49,003,616 $51,799,952 $31,441,474 $-2,796,336
2022 $53,763,155 $48,627,975 $30,352,271 $5,135,180
2021 $45,520,259 $46,381,832 $25,217,091 $-861,573
2020 $52,186,231 $46,953,654 $35,747,014 $5,232,577
2019 $53,985,569 $45,552,954 $30,072,018 $8,432,615
2018 $53,537,866 $51,309,839 $24,505,081 $2,228,027
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