620 SUMMIT INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

KATIE GRASCH

Phone

2625221408

Tax Period

2025-01-01 to 2025-12-31

620 SUMMIT INC, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $68K in total revenue in fiscal year 2025. Expenses of $121K exceeded revenue, resulting in a 77% operating deficit.

Mission

THE ORGANIZATION'S PURPOSE IS TO OPERATE AN 8 UNIT APARTMENT COMPLEX UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND PROVIDE HOUSING FOR VERY LOW INCOME PERSONS WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $103,205 Revenue: $68,229

PROVIDE HOUSING FOR VERY LOW INCOME PERSONS WITH DISABILITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $68,229

Investment Income $30

Other Revenue $0

TOTAL REVENUE $68,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,205

Other Expenses $121,140

TOTAL EXPENSES $121,140

Year-over-Year Comparison

	2025	2024	Change
Revenue	$68,259	$71,009	0.0%
Expenses	$121,140	$101,900	+0.2%
Net Income	$-52,881	$-30,891	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE GRASCH	TREASURER	1.00	Officer Director	$0	$0	$0
BRIGETTE HARENDA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HOLLNAGEL	DIRECTOR	1.00	Director	$0	$0	$0
TRINA JASHINSKY	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN MCGINNIS	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR ARNOLD	CHAIR	1.00	Officer Director	$0	$0	$0
KEITH HARENDA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ILDIKO HUPPERTZ	DIRECTOR	1.00	Director	$0	$0	$0
JIM MAYER LEFT MARCH 2025	DIRECTOR	1.00	Director	$0	$0	$0
PAUL NORAN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN ZILLI	DIRECTOR	1.00	Director	$0	$0	$0
PAM STEIB	DIRECTOR	1.00	Director	$0	$0	$0
SARAH DUTHIE	DIRECTOR	1.00	Director	$0	$0	$0
AROON VISWANATHAN	DIRECTOR	1.00	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	$68,259	$121,140	$1,259,821	$-52,881
2024	$71,009	$101,900	$1,317,966	$-30,891
2023	$62,688	$97,384	$1,337,137	$-34,696
2022	$66,259	$106,722	$1,348,044	$-40,463
2021	$65,638	$109,970	$1,374,680	$-44,332
2020	$64,374	$98,223	$1,419,746	$-33,849
2019	$61,505	$88,762	$1,454,695	$-27,257
2018	$60,017	$83,423	$1,481,893	$-23,406