SUMMIT ART INC

EIN: 412147766 501(c)(3) Arts, Culture & Humanities

LEES SUMMIT, MO

Total Revenue
$56,166
Total Expenses
$56,707
Total Assets
$22,310
Net Assets
$22,120
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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
MO
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

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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 (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

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Governance

Voting Members
8
Independent Members
8
Employees
1
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JODY FRISTOE DIRECTOR 0.00
Highest
$18,000 $0 $18,000
NICOLE STAAB VICE PRESIDENT 0.00
Officer
$0 $0 $0
LAURA WHEAT TREASURER 0.00
Officer
$0 $0 $0
CAROL WHEAT SECRETARY 0.00
Officer
$0 $0 $0
TEDDY JACKSON DIRECTOR 0.00
Officer
$0 $0 $0
SHARON WAGNER PRESIDENT 0.00
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
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
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