SUMMIT ART INC

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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

2004

Legal Domicile

Principal Officer

TEDDY JACKSON

Tax Period

2021-01-01 to 2021-12-31

SUMMIT ART INC, founded in 2004, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $56K in total revenue in fiscal year 2021. Revenue surged 86% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE ART ENRICHMENT TO THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $50,156 Revenue: $22,707

PROVIDE ART CLASSES, DISPLAYED ARTWORK AT ST LUKES HOSPITAL, GAVE SCHOLARSHIP TO YOUNG ARTISTS

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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 (2021)

Revenue Breakdown

Contributions & Grants $33,458

Program Service Revenue $22,706

Investment Income $0

Other Revenue $2

TOTAL REVENUE $56,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,461

Fundraising Expenses $0

Program Expenses $50,156

Other Expenses $37,246

TOTAL EXPENSES $56,707

Year-over-Year Comparison

	2021	2020	Change
Revenue	$56,166	$30,256	+0.9%
Expenses	$56,707	$54,776	+0.0%
Net Income	$-541	$-24,520	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JODY FRISTOE	DIRECTOR	Highest	$18,000	$0	$18,000
NICOLE STAAB	VICE PRESIDENT	Officer	$0	$0	$0
LAURA WHEAT	TREASURER	Officer	$0	$0	$0
CAROL WHEAT	SECRETARY	Officer	$0	$0	$0
TEDDY JACKSON	DIRECTOR	Officer	$0	$0	$0
SHARON WAGNER	PRESIDENT	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
2021	$56,166	$56,707	$22,310	$-541
2020	$30,256	$54,776	$19,416	$-24,520
2019	$105,995	$144,694	$38,543	$-38,699
2018	$209,391	$210,972	$80,538	$-1,581