SUMMIT EDUCATIONAL ASSOCIATION INC (EIN 391763179) - 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

1993

Legal Domicile

Principal Officer

MATTHEW SMYCZEK

Phone

4146721786

Tax Period

2024-01-01 to 2024-12-31

SUMMIT EDUCATIONAL ASSOCIATION INC, founded in 1993, is a small nonprofit that reported $479K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $559K exceeded revenue, resulting in a 17% operating deficit.

Mission

SUMMIT FOSTERS RELATIONSHIPS BETWEEN DEDICATED MENTORS, PARENTS AND THEIR CHILDREN TO ENCOURAGE CHILDREN'S INTELLECTUAL, CULTURAL AND MORAL GROWTH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $379,686

Program Service Revenue $37,970

Investment Income $578

Other Revenue $60,961

TOTAL REVENUE $479,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,903

Fundraising Expenses $22,086

Program Expenses $504,937

Other Expenses $236,774

TOTAL EXPENSES $558,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$479,195	$425,445	+0.1%
Expenses	$558,677	$585,091	0.0%
Net Income	$-79,482	$-159,646	-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

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

$57,858

Total Directors

$57,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD FRICK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN JENSEN	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT BOEHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN CARR	BOARD MEMBER	1.00	Director	$0	$0	$0
HECTOR COLON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT A GUNDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS MEHRING	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANNE MEIER	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH W PRESBERG MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF KNIER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF REGNER	BOARD MEMBER	1.00	Director	$0	$0	$0
ED SCHERR	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW SMYCZEK	EXECUTIVE DIRECTOR	40.00	Officer Director	$57,858	$0	$57,858
PAUL SMYCZEK	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$479,195	$558,677	$578,428	$-79,482
2023	$425,445	$585,091	$484,016	$-159,646
2022	$411,045	$438,594	$673,534	$-27,549
2021	$531,793	$417,538	$641,907	$114,255
2020	$681,903	$365,243	$546,637	$316,660
2019	$538,082	$476,446	$223,073	$61,636
2019	$572,994	$488,663	$258,396	$84,331
2018	$556,789	$535,710	$159,957	$21,079

SUMMIT EDUCATIONAL ASSOCIATION INC