SUMMIT SCHOOL INC (EIN 362660101) - 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

1968

Legal Domicile

Principal Officer

STEVE BALDWIN

Phone

8474680490

Tax Period

2023-09-01 to 2024-08-31

SUMMIT SCHOOL INC, founded in 1968, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

SUMMIT SCHOOL PROVIDES A HIGHLY INDIVIDUALIZED AND STRUCTURED SETTING FOR ELEMENTARY, JUNIOR HIGH AND HIGH SCHOOL STUDENTS.

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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 $710,546

Program Service Revenue $3,399,825

Investment Income $123,257

Other Revenue $30,588

TOTAL REVENUE $4,264,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,461,096

Fundraising Expenses $0

Program Expenses $3,896,616

Other Expenses $943,111

TOTAL EXPENSES $4,404,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,264,216	$2,996,622	+0.4%
Expenses	$4,404,207	$3,297,478	+0.3%
Net Income	$-139,991	$-300,856	-0.5%

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

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

$142,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HANSEN	CHAIR	10.00	Officer Director	$0	$0	$0
MICHAEL BROWN	TREASURER (THRU 12/2023)	5.00	Officer Director	$0	$0	$0
CHRISTINE AWE	TREASURER	5.00	Officer Director	$0	$0	$0
JUSTIN BUDD	DIRECTOR	5.00	Director	$0	$0	$0
KRISTIN CORRIVEAU	DIRECTOR	5.00	Director	$0	$0	$0
BARBARA FERGUSON	DIRECTOR	5.00	Director	$0	$0	$0
KAREN ROMANO	DIRECTOR	5.00	Director	$0	$0	$0
STEVE BALDWIN	PRESIDENT	40.00	Officer	$131,477	$10,605	$142,082

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	$4,264,216	$4,404,207	$5,172,315	$-139,991
2023	$2,996,622	$3,297,478	$4,946,658	$-300,856
2022	$2,725,735	$3,286,757	$5,230,352	$-561,022
2021	$2,672,238	$2,958,576	$6,323,370	$-286,338
2020	$2,862,409	$2,860,395	$6,281,949	$2,014
2019	$2,640,771	$2,759,895	$5,795,321	$-119,124
2018	$2,809,997	$2,697,333	$5,989,033	$112,664

SUMMIT SCHOOL INC