SUMMIT SCHOOLS INC

EIN: 411472874 501(c)(3) Education

CEDAR RAPIDS, IA

Total Revenue
$1,492,554
Total Expenses
$1,335,035
Total Assets
$1,588,473
Net Assets
$1,127,011
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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
1998
Legal Domicile
IA
Principal Officer
LARISA BICKEL
Phone
3192942036
Tax Period
2023-06-01 to 2024-05-31

SUMMIT SCHOOLS INC, founded in 1998, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 11% surplus.

Mission

TO ASSIST CHILDREN IN REACHING THEIR FULLEST POTENTIAL THROUGH QUALITY ACADEMIC EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $321,300 Revenue: $1,256,654

TO ENABLE EACH CHILD TO BECOME FULLY FUNCTIONAL, RESPONSIBLE, PRODUCTIVE AND CONTRIBUTING MEMBERS OF SOCIETY. TO ACCOMPLISH THIS, THE SCHOOL WILL OFFER EDUCATIONAL PROGRAMS OF THE HIGHEST ATTAINABLE...

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TO ENABLE EACH CHILD TO BECOME FULLY FUNCTIONAL, RESPONSIBLE, PRODUCTIVE AND CONTRIBUTING MEMBERS OF SOCIETY. TO ACCOMPLISH THIS, THE SCHOOL WILL OFFER EDUCATIONAL PROGRAMS OF THE HIGHEST ATTAINABLE QUALITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $186,862
Program Service Revenue $1,256,654
Investment Income $22,541
Other Revenue $26,497
TOTAL REVENUE $1,492,554

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,029,418
Fundraising Expenses $0
Program Expenses $1,239,114
Other Expenses $305,617
TOTAL EXPENSES $1,335,035

Year-over-Year Comparison

2023 2022 Change
Revenue $1,492,554 $1,298,673 +0.1%
Expenses $1,335,035 $1,183,656 +0.1%
Net Income $157,519 $115,017 +0.4%
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

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Governance

Voting Members
9
Independent Members
9
Employees
49
Volunteers
81

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY BALSTER VICE PRESIDE N/A
Officer Director
$0 $0 $0
ARMOND DAWSON BOARD MEMBER N/A
Director
$0 $0 $0
CAMRON DEVOR TREASURER N/A
Officer Director
$0 $0 $0
THERESA FETTKETHER PRESIDENT N/A
Officer Director
$0 $0 $0
MEGAN HART-FERNANDEZ BOARD MEMBER N/A
Director
$0 $0 $0
LAURENE LANICH BOARD MEMBER N/A
Officer Director
$0 $0 $0
BECKY LINDWALL SECRETARY N/A
Director
$0 $0 $0
CASSIE MITVALSKY BOARD MEMBER N/A
Director
$0 $0 $0
AMY SHOEMAKER BOARD MEMBER N/A
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
2025 No data No data No data No data
2024 $1,492,554 $1,335,035 $1,588,473 $157,519
2023 $1,298,673 $1,183,656 $1,418,436 $115,017
2022 $1,505,080 $1,108,144 $1,306,096 $396,936
2021 $1,032,702 $1,030,168 $1,232,201 $2,534
2020 $1,081,194 $1,055,599 $1,042,270 $25,595
2019 $1,108,561 $1,051,356 $968,009 $57,205
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