Summit Charter School (EIN 561993257) - 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

1997

Legal Domicile

Principal Officer

Boris Krueger

Phone

8287435755

Tax Period

2024-07-01 to 2025-06-30

Summit Charter School, founded in 1997, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

Operation of a North Carolina public charter school.

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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 $959,830

Program Service Revenue $3,640,976

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,600,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,365,313

Fundraising Expenses $0

Program Expenses $3,562,922

Other Expenses $1,161,693

TOTAL EXPENSES $4,527,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,600,806	$4,243,982	+0.1%
Expenses	$4,527,006	$4,219,597	+0.1%
Net Income	$73,800	$24,385	+2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Boris Krueger	Chair	001.00	Officer Director	$0	$0	$0
Mark Letson	Vice Chair	001.00	Officer Director	$0	$0	$0
David Billingsley	Treasurer	001.00	Officer Director	$0	$0	$0
Erika Mason	Secretary	001.00	Officer Director	$0	$0	$0
Jason Chick	Board member	000.75	Director	$0	$0	$0
Elisabeth Hoffman	Board member	000.75	Director	$0	$0	$0
Michelle Clement	Board member	000.75	Director	$0	$0	$0
Nedra Rindom	Board Member	000.75	Director	$0	$0	$0
Celeste Pratt	Board member	000.75	Director	$0	$0	$0
Samuel Solis	Board member	000.75	Director	$0	$0	$0
Andrea Chalker	K-12 Principal	040.00	Key Emp	$0	$0	$0
Kurt Pusch	Head of School	040.00	Key Emp	$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	$4,600,806	$4,527,006	$421,707	$73,800
2024	$4,243,982	$4,219,597	$755,677	$24,385
2023	$4,001,107	$4,013,863	$270,184	$-12,756
2022	$3,784,050	$3,720,059	$205,607	$63,991
2021	$3,513,448	$3,244,781	$246,672	$268,667
2020	$2,687,785	$2,951,550	$334,124	$-263,765

Summit Charter School