SUMMER HOUSE INSTITUTE (EIN 611948850) - 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

2019

Legal Domicile

Principal Officer

VINCENT COBB

Phone

2154035244

Tax Period

2023-07-01 to 2024-06-30

SUMMER HOUSE INSTITUTE, founded in 2019, is a small nonprofit in the Education sector that reported $472K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $441K left a modest 6% surplus.

Mission

SUMMER HOUSE INSTITUTE (SHI) EXISTS TO GROW AND DEVELOP YOUNG MEN OF COLOR WHO WILL SOON FINISH COLLEGE AND ENTER THE WORKFORCE THROUGH AN AFFINITY- BASED LEARNING (COHORT) MODEL. TO PREPARE SHI FELLOWS TO SIGNIFICANTLY CONTRIBUTE AND INCREASE REPRESENTATION IN PUBLIC EDUCATION, CREATIVE AND TECH INDUSTRIES BY PRE-SERVICE WORK AND EARLY EXPOSURE OPPORTUNITIES IN THESE RESPECTIVE FIELDS.

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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 $472,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $472,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $319,682

Other Expenses $441,469

TOTAL EXPENSES $441,469

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,000	$725,100	-0.3%
Expenses	$441,469	$453,887	0.0%
Net Income	$30,531	$271,213	-0.9%

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

$150,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT COBB	CO-FOUNDER	45.00	Officer	$75,000	$0	$75,000
RASHIID COLEMAN	CO-FOUNDER	45.00	Officer	$75,000	$0	$75,000
OTHA BALLAM	BOARD MEMBER	2.00	Director	$0	$0	$0
TAKYSHA DANIELS	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENNAN DUBOIS	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM HAYES	BOARD MEMBER	2.00	Director	$0	$0	$0
KURK WATSON	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2024	$472,000	$441,469	$301,744	$30,531
2023	$725,100	$453,887	$281,713	$271,213

SUMMER HOUSE INSTITUTE