SUMMIT ACADEMY MANAGEMENT

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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

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

BRIEF DESCRIPTION OF ORGANIZATION'S MISSION: IT IS THE MISSION OF SUMMIT ACADEMY MANAGEMENT TO DESIGN, DEVELOP, AND DELIVER EDUCTIONAL OPPORTUNITIES IN A THERAPUTIC ENVIRONMENT SO EVERYONE CAN LEARN.

Program Service Accomplishments

Program 1

Expenses: $46,250,849 Revenue: $48,696,200

SUMMIT ACADEMY MANAGEMENT PROVIDED SUPPORT FOR TWENTY-SEVEN CHARTER SCHOOLS DURING THEIR 2017 FISCAL YEAR PURSUANT TO A MANAGEMENT CONTRACT. THIS INCLUDED HUMAN RESOURCES, PAYROLL, AND OTHER OFFICE SERVICES. SUMMIT ACADEMY MANAGEMENT WAS ALSO RESPONSIBLE FOR PURCHASING THE EXPENSES RELATED TO THE OPERATION OF THE CHARTER SCHOOLS WHICH INCLUDED, BUT WAS NOT LIMITED TO THE FOLLOWING: ASSETS, BUILDINGS, OCCUPANCY NEEDS, AND SUPPLIES. THE ORGANIZATION ALSO PROVIDED STAFF FOR, AND KEEPS DEVELOPING A CURRICULUM DESIGNED FOR, THE CHARTER SCHOOLS' STUDENT POPULATION.

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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 (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

Governance

Voting Members

Independent Members

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

$590,714

Total Directors

$20,100

Key Employees

Highest Compensated

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