SUMMER SEARCH

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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 alasting support network.

Program Service Accomplishments

Program 1

Expenses: $7,405,118 Revenue: $0

SUMMER PLACEMENT AND MENTORING: Each student receives two full scholarships to life-changing summer experiential education programs, including wilderness leadership expeditions, academic enrichment programs, community service, and internships. These programs provide opportunities for growth and connection through concentrated experiences that challenge and empower students. Through mentoring students build supportive and sustained relationships with full-time professional staff mentors and peers to reflect on life experiences, actions, identities, and communities.

Program 2

Expenses: $5,630,405 Revenue: $0

Staff training and development: Summer Search conducts a strong training effort to teach the uniquely effective interview process that identifies students that have leadership potential through an...

Staff training and development: Summer Search conducts a strong training effort to teach the uniquely effective interview process that identifies students that have leadership potential through an original youth development model that identifies three character metrics that it hopes to cultivate in young people: resiliency, altruism, and performance. The Organization provides a comprehensive training to staff in order to develop and improve mentoring skills which can help students develop relational, leadership and resiliency skills. Training is conducted year-round through a series of intensive workshops delivered in person by highly-trained staff and youth development experts.

Program 3

Expenses: $2,146,639 Revenue: $382,260

Post-secondary program: The Organization provides students support to towards their education and long-term goals. The Post-Secondary Program supports a broad set of mid and long-term outcomes for...

Post-secondary program: The Organization provides students support to towards their education and long-term goals. The Post-Secondary Program supports a broad set of mid and long-term outcomes for its participants: educational attainment, career readiness, integrated identity, sense of purpose, and financial well-being. The Organization's redesigned Post-Secondary Program will include the implementation of a three-part service model, which will offer more in-depth matriculation and transition assistance, greater access to social capital through alumni and corporate partners, and increased hands-on career and financial resources.

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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