SUMMIT PUBLIC SCHOOLS WASHINGTON

🔒

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

2013

Legal Domicile

Principal Officer

MAFARA HOBSON

Phone

6503661050

Tax Period

2022-09-01 to 2023-08-31

SUMMIT PUBLIC SCHOOLS WASHINGTON, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $18.4M in total revenue in fiscal year 2022.

Mission

TO COLLECTIVELY PREPARE A DIVERSE COMMUNITY OF YOUNG PEOPLE WITH THE SKILLS, KNOWLEDGE, AND HABITS TO ATTAIN ECONOMIC EMPOWERMENT AND SUCCESS IN A CHOSEN CONCRETE NEXT STEP FOR A FULFILLED LIFE.

Program Service Accomplishments

Program 1

Expenses: $15,705,476 Revenue: $30,829

SUMMIT PUBLIC SCHOOLS WASHINGTON (SPS WA) WAS FORMED TO OPERATE CHARTER SCHOOLS AS PROVIDED IN THE WASHINGTON STATE CHARTER SCHOOLS ACT. SPS WA'S MISSION IS TO PROVIDE EDUCATIONAL, TECHNICAL, AND...

SUMMIT PUBLIC SCHOOLS WASHINGTON (SPS WA) WAS FORMED TO OPERATE CHARTER SCHOOLS AS PROVIDED IN THE WASHINGTON STATE CHARTER SCHOOLS ACT. SPS WA'S MISSION IS TO PROVIDE EDUCATIONAL, TECHNICAL, AND SUPPORTING SERVICES TO THE VARIOUS SCHOOLS IN THE STATE. DURING THE YEAR ENDED AUGUST 31, 2023, SPS WA OPERATED 3 SCHOOLS AND SERVED APPROXIMATELY 850 STUDENTS.

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $17,999,064

Program Service Revenue $0

Investment Income $326,125

Other Revenue $30,829

TOTAL REVENUE $18,356,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,069,340

Fundraising Expenses $0

Program Expenses $15,705,476

Other Expenses $8,038,884

TOTAL EXPENSES $18,108,224

Year-over-Year Comparison

	2022	2021	Change
Revenue	$18,356,018	$17,935,208	+0.0%
Expenses	$18,108,224	$17,918,224	+0.0%
Net Income	$247,794	$16,984	+13.6%

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

122

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

$828,023

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE TRAVENNER	CEO	2.00	Officer	$0	$105,001	$574,008
ED LEE	CFO	2.00	Officer	$0	$25,547	$254,015
ANDREA KLEIN	ATLAS MS EXECUTIVE DIRECTOR	40.00	Highest	$195,774	$36,282	$232,056
DANIEL EFFLAND	ATLAS HS EXECUTIVE DIRECTOR	40.00	Highest	$139,137	$33,639	$172,776
CARRIE CRAIN	OLYMPUS HS HISTORY TEACHER	40.00	Highest	$136,126	$35,597	$171,723
RACHEL HENTY	ATLAS MS MATH TEACHER	40.00	Highest	$128,180	$34,430	$162,610
ANTHONY CLARKE	OLYMPUS HS EXECUTIVE DIRECTOR	40.00	Highest	$128,127	$28,306	$156,433
MAFARA HOBSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
LESLIE LIAO	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
MALIA BURNS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEFAN SOBIEK	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY WOODARD	BOARD MEMBER	1.00	Director	$0	$0	$0
THUSHARI GOONERATNE	BOARD MEMBER	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$18,356,018	$18,108,224	$27,865,905	$247,794
2022	$17,935,208	$17,918,224	$15,174,893	$16,984
2021	$16,987,121	$16,126,803	$14,247,719	$860,318
2020	$17,594,974	$15,490,569	$12,779,049	$2,104,405
2019	$16,296,558	$15,376,198	$8,037,602	$920,360
2018	$10,739,842	$10,995,793	$10,092,847	$-255,951