Summit Heritage Foundation

EIN: 411587612

Mankato, MN

Total Revenue
$63,600
Total Expenses
$69,950
Total Assets
$433,990
Net Assets
$377,819
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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
1987
Legal Domicile
MN
Principal Officer
Randy Zellmer
Phone
5073455262
Tax Period
2020-01-01 to 2020-12-31

Summit Heritage Foundation, founded in 1987, is a micro nonprofit that reported $64K in total revenue in fiscal year 2020. Revenue fell 79% from the prior year — a significant decline worth monitoring. Net assets of $378K represent 71 months of operating reserves.

Mission

Rental to 501(c)(3) Organizations

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $63,600
Investment Income $0
Other Revenue $0
TOTAL REVENUE $63,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $69,950
TOTAL EXPENSES $69,950

Year-over-Year Comparison

2020 2019 Change
Revenue $63,600 $301,865 -0.8%
Expenses $69,950 $61,499 +0.1%
Net Income $-6,350 $240,366 -1.0%
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
4
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN ALLEN DIRECTOR 1.00
Director
$0 $0 $0
RANDY ZELLMER PRESIDENT 1.00
Officer
$0 $0 $0
MIKE LAGERQUIST VICE PRESIDENT 1.00
Officer
$0 $0 $0
PRESTON DOYLE SECRETARY & TREASURUER 1.00
Officer
$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
2020 $63,600 $69,950 $433,990 $-6,350
2019 $301,865 $61,499 $384,169 $240,366
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