The Summit School Incorporated (EIN 560547519) - 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

1938

Legal Domicile

Principal Officer

Dr Michael J Ebeling

Phone

3367222777

Tax Period

2024-07-01 to 2025-06-30

The Summit School Incorporated, founded in 1938, is a mid-sized nonprofit in the Education sector that reported $23.5M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $20.8M left a modest 11% surplus.

Mission

To provide a challenging curriculum within a caring enviroment to help students develop their full potential.

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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 $2,583,071

Program Service Revenue $18,403,944

Investment Income $1,090,821

Other Revenue $1,378,599

TOTAL REVENUE $23,456,435

Expense Breakdown

Grants Paid $2,799,001

Salaries & Benefits $10,897,927

Fundraising Expenses $615,136

Program Expenses $13,734,893

Other Expenses $7,122,278

TOTAL EXPENSES $20,819,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,456,435	$26,921,789	-0.1%
Expenses	$20,819,206	$20,309,632	+0.0%
Net Income	$2,637,229	$6,612,157	-0.6%

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

356

Volunteers

100

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

$614,828

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Michael J Ebeling	Head of School	60.00	Officer	$397,363	$35,314	$432,677
Carter Sturkie	Dir of Fin/Oper	50.00	Officer	$155,174	$26,977	$182,151
Tom Gething	Dir Lwr School	45.00		$103,862	$47,964	$151,826
Cindy Kluttz	Dir of Advnc & Enr	45.00		$117,627	$24,348	$141,975
Christopher Culp	Dir. of Technology	40.00		$112,757	$23,567	$136,324
Ben Carson	Trustee	0.50	Director	$0	$0	$0
Leigh Koman	Trustee	0.50	Director	$0	$0	$0
Shon Gilmore	Trustee	0.50	Director	$0	$0	$0
Sandlin Douglas	Trustee	0.50	Director	$0	$0	$0
Libby Kelly	Trustee	0.50	Director	$0	$0	$0
Ben Baker	Trustee	0.50	Director	$0	$0	$0
Melissa Combes	Trustee	0.50	Director	$0	$0	$0
Eric Flow	Trustee	0.50	Director	$0	$0	$0
Matt Petronzio	Trustee	0.50	Director	$0	$0	$0
Anna Munroe	Trustee	0.50	Director	$0	$0	$0
Coleman Team	Trustee	0.50	Director	$0	$0	$0
Matt McChesney	Trustee	0.50	Director	$0	$0	$0
Anthony Tang	Trustee	0.50	Director	$0	$0	$0
Chris Ohl	Trustee	0.50	Director	$0	$0	$0
Rick Maloy	Trustee	0.50	Director	$0	$0	$0
William Woltz	Trustee	0.50	Director	$0	$0	$0
Wesley Davis	Chair	4.00	Officer Director	$0	$0	$0
Catherine Allen	Treasurer	2.00	Officer Director	$0	$0	$0
Elisabeth Lovett	Secretary	2.00	Officer 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	$23,456,435	$20,819,206	$54,214,336	$2,637,229
2024	No data	No data	No data	No data
2023	$18,072,701	$18,839,156	$43,486,495	$-766,455
2022	$18,816,912	$17,485,257	$43,925,006	$1,331,655
2021	$18,682,492	$16,920,934	$46,496,346	$1,761,558
2020	$17,838,490	$17,147,651	$43,120,970	$690,839
2019	$17,488,567	$17,879,427	$42,379,224	$-390,860
2018	$17,522,833	$17,938,944	$43,596,741	$-416,111

The Summit School Incorporated