NORTHERN SUMMIT ACADEMY (EIN 465211597) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

JULIA KNIGHT

Phone

5303381399

Tax Period

2023-07-01 to 2024-06-30

NORTHERN SUMMIT ACADEMY, founded in 2014, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $3.1M left a modest 6% surplus.

Mission

PROVIDE EDUCATIONAL OPPORTUNITIES THROUGH INDEPENDENT STUDY AND AN ACADEMIC ENVIRONMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,257,419

Program Service Revenue $1,754

Investment Income $64,717

Other Revenue $22,501

TOTAL REVENUE $3,346,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,162,785

Fundraising Expenses $0

Program Expenses $2,837,955

Other Expenses $979,917

TOTAL EXPENSES $3,142,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,346,391	$3,648,962	-0.1%
Expenses	$3,142,702	$3,001,329	+0.0%
Net Income	$203,689	$647,633	-0.7%

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

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

$177,328

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MCMASTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
LOIS ROSE	DIRECTOR	1.00	Director	$0	$0	$0
ANGELIA GARRETT	DIRECTOR	1.00	Director	$0	$0	$0
LINDA STOW	DIRECTOR	1.00	Director	$0	$0	$0
LORI NCNEILL	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA SARVER	DIRECTOR	1.00	Director	$0	$0	$0
JULIA KNIGHT	EXECUTIVE DIRECTOR	60.00	Officer	$135,858	$41,470	$177,328

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	$3,346,391	$3,142,702	$3,410,796	$203,689
2023	$3,648,962	$3,001,329	$3,413,313	$647,633
2022	$2,954,466	$2,865,985	$2,366,627	$88,481
2021	$2,301,272	$1,950,058	$2,102,320	$351,214
2020	$2,080,709	$1,726,795	$1,767,458	$353,914
2019	$1,934,857	$1,401,796	$1,472,408	$533,061
2018	$1,326,058	$1,271,931	$1,029,582	$54,127

NORTHERN SUMMIT ACADEMY