EDGEWOOD SUMMIT INC (EIN 550701159) - 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

1990

Legal Domicile

Principal Officer

JOHN DERITO

Phone

3043462323

Tax Period

2024-07-01 to 2025-06-30

EDGEWOOD SUMMIT INC, founded in 1990, is a mid-sized nonprofit in the Human Services sector that reported $15.8M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT FUNCTION IS TO PROVIDE, ON A NON-PROFIT BASIS, LONG-TERM CARE FACILITIES IN THE STATE OF WEST VIRGINIA SPECIFICALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF ELDERLY AND INFIRM PERSONS, INCLUDING BUT NOT LIMITED TO HOUSING, BUILDINGS, STRUCTURES, EQUIPMENT, FURNISHINGS, PROGRAMS AND RELATED HEALTH AND OTHER SERVICES CONTRIBUTING TO THEIR HEALTH, SECURITY, HAPPINESS AND PHYSICAL AND MENTAL WELL-BEING.THE MISSION OF EDGEWOOD SUMMIT IS TO PROVIDE AN ATTRACTIVE, CARING, COMFORTABLE SENIOR LIVING COMMUNITY. A SECURE ENVIRONMENT AND QUALITY SERVICE THAT WILL BE THE HALLMARK OF THIS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,000

Program Service Revenue $15,111,923

Investment Income $665,301

Other Revenue $35,192

TOTAL REVENUE $15,817,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,586,163

Fundraising Expenses $0

Program Expenses $12,892,647

Other Expenses $8,531,518

TOTAL EXPENSES $16,117,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,817,416	$15,518,412	+0.0%
Expenses	$16,117,681	$15,134,721	+0.1%
Net Income	$-300,265	$383,691	-1.8%

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

295

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

$168,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE BARKER	ADMINISTRATOR/EXEC DIR AS OF 01/2025	40.00	Officer	$147,886	$21,037	$168,923
CHERIE LITTON	DIRECTOR OF MARKETING	40.00	Highest	$132,857	$6,802	$139,659
GREG FABER	MAINTENANCE DIRECTOR	40.00	Highest	$108,388	$26,349	$134,737
VANESSA OWSLEY	DIRECTOR OF NURSING	40.00	Highest	$102,065	$22,236	$124,301
JOHN DERITO	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH KEIGHTLY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN LINDSAY	TREASURER	1.00	Officer Director	$0	$0	$0
KATHLEEN MERRILL	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANE GOUHIN	EXECUTIVE DIRECTOR (UNTIL 12/31/24)	40.00	Officer	$0	$0	$0
JOE NASSIF	DIRECTOR	1.00	Director	$0	$0	$0
REED SPANGLER	DIRECTOR	1.00	Director	$0	$0	$0
FONDA ELLIOT	DIRECTOR	1.00	Director	$0	$0	$0
AUGUSTINUS LOBACH	DIRECTOR	1.00	Director	$0	$0	$0
TOM PEARCY	DIRECTOR	1.00	Director	$0	$0	$0
TIM WILCOX	DIRECTOR	1.00	Director	$0	$0	$0
AMY CONDARAS	DIRECTOR	1.00	Director	$0	$0	$0
BILL MULLET	DIRECTOR	1.00	Director	$0	$0	$0
BETTY IRELAND	DIRECTOR	1.00	Director	$0	$0	$0
KIM BURTON	DIRECTOR	1.00	Director	$0	$0	$0
MARK GRIGSBY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
MARY BOND	DIRECTOR	1.00	Director	$0	$0	$0
SUE MCCLUNG	DIRECTOR (AS OF 01/2025)	1.00	Director	$0	$0	$0
NORMA PARKER	DIRECTOR (UNTIL 12/2024)	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	$15,817,416	$16,117,681	$43,154,705	$-300,265
2024	$15,518,412	$15,134,721	$41,164,467	$383,691
2023	$13,146,344	$13,927,059	$39,518,993	$-780,715
2022	$13,418,785	$13,463,097	$39,768,204	$-44,312
2021	$14,638,696	$12,429,625	$43,260,882	$2,209,071
2020	$12,430,369	$12,447,156	$40,936,997	$-16,787
2019	$12,875,019	$12,248,365	$41,508,405	$626,654

EDGEWOOD SUMMIT INC