MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)SUMMIT ACADEMY OIC, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $18.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $15.4M left a modest 14% surplus.
TO ASSIST INDIVIDUALS IN DEVELOPING THEIR ABILITY TO EARN AND BECOME CONTRIBUTING CITIZENS IN THEIR COMMUNITY. WE SUPPORT THE DEVELOPMENT OF SELF SUFFICIENCY IN EVERY PERSON REGARDLESS OF BACKGROUND, ECONOMIC STATUS, OR LEVEL OF ABILITY. WE STRENGTHEN THE COMMUNITY BY PREPARING INDIVIDUALS TO ASSUME THEIR ROLES AS WORKERS, CITIZENS, AND PARENTS.
SUMMIT ACADEMY OIC IS A NON-PROFIT VOCATIONAL TRAINING AND EDUCATIONAL CENTER BASED IN NORTH MINNEAPOLIS WITH 50 YEARS' EXPERIENCE HELPING TWIN CITIES' RESIDENTS IN ECONOMICALLY DEPRESSED...
SUMMIT ACADEMY OIC IS A NON-PROFIT VOCATIONAL TRAINING AND EDUCATIONAL CENTER BASED IN NORTH MINNEAPOLIS WITH 50 YEARS' EXPERIENCE HELPING TWIN CITIES' RESIDENTS IN ECONOMICALLY DEPRESSED NEIGHBORHOODS ACQUIRE THE TOOLS THEY NEED TO BECOME EDUCATED, EMPLOYED, AND SELF-SUPPORTING. SUMMIT ACADEMY IS THE ONLY COMMUNITY-BASED VOCATIONAL TRAINING AND JOB-PLACEMENT PROGRAM IN NORTH MINNEAPOLIS ACCREDITED BY THE COUNCIL ON OCCUPATIONAL EDUCATION AND REGISTERED WITH THE MINNESOTA HIGHER EDUCATION SERVICES OFFICE.AT SUMMIT ACADEMY OIC, WE BELIEVE THE BEST SOCIAL SERVICE PROGRAM IN THE WORLD IS A JOB. GRADUATES FROM OUR ADULT EDUCATION PROGRAMS ARE GIVEN THE OPPORTUNITY TO LIFT THEMSELVES UP FROM A LIFE OF POVERTY AND HOPELESSNESS ONTO A PATH THAT WILL LEAD TO A BETTER LIFE FOR THEMSELVES AND THEIR FAMILIES. WHERE BEFORE, THESE MEN AND WOMEN WERE LIMITED BY CHRONIC UNEMPLOYMENT, A COMPLETE LACK OF RESOURCES, AND IN MANY CASES, A LACK OF FAITH IN THEMSELVES, THEY NOW HAVE THE CHANCE TO FUNDAMENTALLY CHANGE THEIR CIRCUMSTANCES BY INCREASING THEIR INCOME AND THEIR QUALITY OF LIFE. WHEN ADULTS WORK FULL-TIME LIVING-WAGE JOBS, THEY BECOME ROLE MODELS TO YOUNG ADULTS AND CHILDREN, FAMILIES BECOME MORE STABLE, AND THE CYCLE THAT HAS KEPT THEIR COMMUNITIES POOR AND CRIME-RIDDEN IS BROKEN. THESE POSITIVE CHANGES CONTINUE TO RIPPLE OUT EVEN FURTHER INTO THE LARGER COMMUNITY AS FEWER SOCIAL SERVICES AND INCARCERATION COSTS ARE INCURRED AND GRADUATES BEGIN TO PAY TAXES. AFTER RECEIVING TRAINING IN COMMUNITY HEALTHCARE, ENERGY EFFICIENCY AND GREEN CONSTRUCTION, THESE GRADUATES HAVE GONE ON TO WORK IN JOBS THAT DIRECTLY IMPROVE MINNESOTA'S INFRASTRUCTURE.SUMMIT ACADEMY OFFERS ADULT EDUCATION AND SUPPORT SERVICES THAT ARE TAILORED TO THE SPECIFIC NEEDS OF THE COMMUNITIES WE SERVE. OUR CAREER AND TECHNOLOGY CENTER PROVIDES PRE-APPRENTICE TRAINING IN CONSTRUCTION (HUNDRED HARD HATS PROGRAM), WITH SPECIFIC TRACKS IN CARPENTRY AND ELECTRICAL WORK. THE CTC ALSO OFFERS PROGRAMS IN MEDICAL ADMINISTRATIVE ASSISTANT , INFORMATION TECHNOLOGY CAREERS AND IN 2024 WE INITIATED TRAINING IN FINANCIAL SERVICES. IN ADDITION TO THE POST SECONDARY OFFERINGS SUMMIT OFFERS A CONTEXTUALIZED GED PROGRAM THAT PROVIDES INDIVIDUALS WITHOUT A HIGH SCHOOL DIPLOMA THE OPPORTUNITY TO EARN A GED IN CONJUNCTION WITH ATTAINTING AN ADVANCED CERTIFICATE IN THE AFOREMENTIONED CARRERS. ALL CAREER TRACKS ARE ALL SUPPORTED WITH SERVICES THAT DEVELOP STUDENTS' LIFE SKILLS AND ASSIST IN JOB SEEKING, PLACEMENT, AND RETENTION.IN THIS FISCAL YEAR (JULY 1, 2023- JUNE 30, 2024), SUMMIT'S CAREER AND TECHNOLOGY CENTER SERVED 954 ADULT STUDENTS, AND 559 OBTAINED THEIR GED OR GRADUATED WITH A VOCATIONAL TRAINING CERTIFICATE OF COMPLETION. OVER THAT TIME SUMMIT PLACED 331 ADULTS IN EMPLOYMENT. JOB EARNINGS FOR ALL PROGRAMS ARE AT A MEDIAN OF $21 PER HOUR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $17,953,025 | $15,821,209 | +0.1% |
| Expenses | $15,422,049 | $14,664,459 | +0.1% |
| Net Income | $2,530,976 | $1,156,750 | +1.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BILL PARKER | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIQUEL PURVIS MCMOORE | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JIM TORBORG | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WAYNE GRAY | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID JURAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK MOOREHOUSE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HEIDI WEAVER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVE NORBACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC GRUTZNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KARL HURSTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA GROSCHEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| IDRISSA DAVIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTIN DENNEWILL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM ZIRBS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIRSTEN WALSTIEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| OURAPHONE SIRI OUTHAY WILLS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ESTHER LEDESMA PUMAROL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEROY WEST | CEO | 40.00 |
Officer
|
$253,590 | $19,010 | $272,600 |
| MARC L CARRIER | CFO | 40.00 |
Officer
|
$211,754 | $21,502 | $233,256 |
| HOPE PATTERSON | COO | 40.00 |
Officer
|
$148,215 | $25,111 | $173,326 |
| SARAH ARMSTRONG | CHIEF DEVELOPMENT OFFICER | 40.00 |
Officer
|
$153,372 | $15,136 | $168,508 |
| ANNE-MARIE KUIPER | CHIEF STRATEGY OFFICER | 40.00 |
Officer
|
$136,737 | $16,049 | $152,786 |
| MIRIAM WILLIAMS | CHIEF ACADEMIC OFFICER | 40.00 |
Officer
|
$176,943 | $6,880 | $183,823 |
| MEGAN NORMANDIN | DIRECTOR OF DATA & EVALUATION | 40.00 |
Highest
|
$136,111 | $15,936 | $152,047 |
| AMANDA SOMMERFELD | DIRECTOR OF ACCOUNTING | 40.00 |
Highest
|
$117,227 | $13,222 | $130,449 |
| ANTHONY O'BRIEN | DIRECTOR OF PROGRAMMING | 40.00 |
Highest
|
$133,725 | $6,324 | $140,049 |
| JAMIL MOHAMMED | DIRECTOR OF INFORMATION TECH | 40.00 |
Highest
|
$111,143 | $16,413 | $127,556 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $17,953,025 | $15,422,049 | $21,768,604 | $2,530,976 |
| 2023 | $15,821,209 | $14,664,459 | $18,819,354 | $1,156,750 |
| 2022 | $16,544,974 | $15,546,748 | $17,542,372 | $998,226 |
| 2021 | $19,439,304 | $12,853,918 | $17,446,949 | $6,585,386 |
| 2020 | $11,048,729 | $10,299,902 | $11,065,441 | $748,827 |
| 2019 | $9,576,633 | $9,372,493 | $8,821,627 | $204,140 |
Compare SUMMIT ACADEMY OIC with other nonprofits in Minnesota and across the country.