SUMMER SEARCH (EIN 680200138) - 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

Nick Hutchinson

Phone

4153625225

Tax Period

2023-10-01 to 2024-09-30

SUMMER SEARCH, founded in 1990, is a mid-sized nonprofit in the Employment sector that reported $28.8M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 15% operating margin.

Mission

The mission of Summer Search is to find resilient low-income high school students and inspire them to become responsible altruistic leaders by providing year-round mentoring, summer experiences, college advising and a lasting support network.

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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 $27,163,981

Program Service Revenue $382,260

Investment Income $1,235,997

Other Revenue $3,603

TOTAL REVENUE $28,785,841

Expense Breakdown

Grants Paid $2,254,074

Salaries & Benefits $18,281,108

Fundraising Expenses $4,515,094

Program Expenses $16,559,775

Other Expenses $3,820,741

TOTAL EXPENSES $24,355,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,785,841	$23,488,377	+0.2%
Expenses	$24,355,923	$22,903,704	+0.1%
Net Income	$4,429,918	$584,673	+6.6%

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

207

Volunteers

599

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

$641,824

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ursulina Ramirez	CEO	40	Officer	$333,958	$25,441	$359,399
Peter Retzlaff	Executive Director New York	40	Highest	$302,012	$13,649	$315,661
Nick Hutchinson	COFO and Secretary	40	Officer	$270,752	$11,673	$282,425
Eunice Dunham	VP of Talent	40	Highest	$195,641	$28,517	$224,158
Hermese Velasquez	Executive Director - Boston	40	Highest	$207,200	$5,112	$212,312
Megan Sussman	VP of Development	40	Highest	$204,434	$3,562	$207,996
Malika Graham - Bailey	VP of Program	40	Highest	$191,125	$12,023	$203,148
Teke Kelley	Board Chair	10	Officer Director	$0	$0	$0
Antoine Andrews	Director	2.5	Director	$0	$0	$0
Jeannine Carter	Director	2.5	Director	$0	$0	$0
Erik C Christoffersen	Director	2.5	Director	$0	$0	$0
Andre M Cuerington	Director	2.50	Director	$0	$0	$0
Stephanie DiMarco until 5 23 24	Director	2.50	Director	$0	$0	$0
Jeff Dorigan	Director	2.5	Director	$0	$0	$0
Suzanne Eberhard	Director	2.5	Director	$0	$0	$0
Dana M Emery	Director	2.5	Director	$0	$0	$0
Ellen Fair	Director	2.5	Director	$0	$0	$0
Murphy Grant until 6 3 24	Director	2.5	Director	$0	$0	$0
Bibiana Leite	Director	2.5	Director	$0	$0	$0
Sasha Kovriga	Director	2.5	Director	$0	$0	$0
Jean Lee	Director	2.5	Director	$0	$0	$0
Pamela Lehrer	Director	2.5	Director	$0	$0	$0
Thomas Mattimore until 11 2 23	Director	2.5	Director	$0	$0	$0
Robert Okun	Director	2.5	Director	$0	$0	$0
Jeffrey Shames	Director	2.5	Director	$0	$0	$0
Diana Strandberg	Director	2.5	Director	$0	$0	$0
Graves Tompkins	Director	2.5	Director	$0	$0	$0
Erik Toth	Director	2.5	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
2024	$28,785,841	$24,355,923	$39,417,307	$4,429,918
2023	$23,488,377	$22,903,704	$34,300,230	$584,673
2022	$26,583,074	$20,805,163	$31,916,148	$5,777,911
2021	$33,940,327	$18,175,008	$27,211,830	$15,765,319
2020	$18,405,930	$16,760,560	$13,671,127	$1,645,370
2019	$20,188,758	$22,649,504	$9,608,367	$-2,460,746
2018	$19,004,416	$19,238,945	$12,290,437	$-234,529

SUMMER SEARCH