SUMMIT COMMUNITY INSTITUTE

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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

ELLEN GUSTAFSON

Phone

5106858152

Tax Period

2019-01-01 to 2019-12-31

SUMMIT COMMUNITY INSTITUTE, founded in 2014, is a small nonprofit that reported $393K in total revenue in fiscal year 2019. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $370K left a modest 6% surplus.

Mission

THE SUMMIT COMMUNITY INSTITUTE'S MISSION IS TO APPLY CREATIVE SOLUTIONS TO REAL-WORLD CHALLENGES RELATED TO THE ENVIRONMENT, EDUCATION, THE ARTS, HEALTH AND SOCIAL INNOVATION.

Program Service Accomplishments

Program 1

Expenses: $210,633

TO PROVIDE SCHOLARSHIP, SPONSORSHIP, AND MENTORSHIP PROGRAMS TO GUIDE INDIVIDUALS IN THEIR PROJECTS AND ENTREPRENEURIAL ENDEAVORS.

Program 2

Expenses: $105,316

SUMMIT COMMUNITY INSTITUTE CREATED AND EXECUTED THE FIRST SERIES OF LAB EVENTS, GATHERING EXPERTS ON A SOCIAL INNOVATION TOPIC AND WORKED THROUGH A PROCESS TO COME UP WITH SOLUTIONS AND ACTIONS TO...

SUMMIT COMMUNITY INSTITUTE CREATED AND EXECUTED THE FIRST SERIES OF LAB EVENTS, GATHERING EXPERTS ON A SOCIAL INNOVATION TOPIC AND WORKED THROUGH A PROCESS TO COME UP WITH SOLUTIONS AND ACTIONS TO CREATE CHANGE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $40,000

Program Service Revenue $352,950

Investment Income $0

Other Revenue $0

TOTAL REVENUE $392,950

Expense Breakdown

Grants Paid $198,000

Salaries & Benefits $50,000

Fundraising Expenses $0

Program Expenses $315,949

Other Expenses $121,778

TOTAL EXPENSES $369,778

Year-over-Year Comparison

	2019	2018	Change
Revenue	$392,950	$616,460	-0.4%
Expenses	$369,778	$596,669	-0.4%
Net Income	$23,172	$19,791	+0.2%

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

N/A

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

$50,000

Total Directors