SUMMIT ACADEMY OIC (EIN 410908458) - 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

1966

Legal Domicile

Principal Officer

LEROY WEST

Phone

6123770150

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

ASSIST INDIVIDUALS TO DEVELOP THEIR ABILITY TO EARN AND TO BECOME CONTRIBUTORS IN THEIR COMMUNITY.

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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 $13,133,588

Program Service Revenue $4,760,676

Investment Income $23,528

Other Revenue $35,233

TOTAL REVENUE $17,953,025

Expense Breakdown

Grants Paid $2,525,620

Salaries & Benefits $8,768,271

Fundraising Expenses $1,255,857

Program Expenses $11,505,628

Other Expenses $4,050,573

TOTAL EXPENSES $15,422,049

Year-over-Year Comparison

	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%

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

183

Volunteers

250

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

$1,184,299

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

SUMMIT ACADEMY OIC