The Summit Corporation (EIN 730762818) - 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

1967

Legal Domicile

Principal Officer

Mark Phillips

Phone

9185825243

Tax Period

2024-01-01 to 2024-12-31

The Summit Corporation, founded in 1967, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Private Dining Club

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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 $0

Program Service Revenue $4,083,899

Investment Income $59,607

Other Revenue $4,135,071

TOTAL REVENUE $8,278,577

Expense Breakdown

Grants Paid $10,354

Salaries & Benefits $5,346,243

Fundraising Expenses $0

Other Expenses $3,537,876

TOTAL EXPENSES $8,894,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,278,577	$7,354,493	+0.1%
Expenses	$8,894,473	$8,251,039	+0.1%
Net Income	$-615,896	$-896,546	-0.3%

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

162

Volunteers

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

$394,761

Total Directors

Key Employees

$249,778

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hillary Sutton-President thru	Mar Ex-Officio as of Apr 2024	2.00	Officer Director	$0	$0	$0
Anne Adams-1st VP thru Mar	President as of Apr 2024	2.00	Officer Director	$0	$0	$0
Mark Phillips-2nd VP thru	Mar 1st VP as of Apr 2024	2.00	Officer Director	$0	$0	$0
Jeromie Tucker-Treasurer until	Mar 2nd VP as of Apr 2024	2.00	Officer Director	$0	$0	$0
Mary Beth Nesser-Secretary	until Mar Treasurer as of Apr 24	2.00	Officer Director	$0	$0	$0
Bruce Roach-Director until	Mar Secretary as of Apr 2024	2.00	Officer Director	$0	$0	$0
Marc Maun	Ex-Officio until Apr 2024	2.00	Director	$0	$0	$0
Siegmund Brown	Director	1.00	Director	$0	$0	$0
Russ Farthing	Director until Apr 2024	1.00	Director	$0	$0	$0
Jacqueline Price	Director	1.00	Director	$0	$0	$0
Gregory Oliphant	Director	1.00	Director	$0	$0	$0
Michael Oonk	Director	1.00	Director	$0	$0	$0
Russ Peevy	Director until Apr 2024	1.00	Director	$0	$0	$0
Heather Duncan	Director	1.00	Director	$0	$0	$0
Amy Brown	Director	1.00	Director	$0	$0	$0
Bob Bush	Director	1.00	Director	$0	$0	$0
Carrie Williams	Director as of Apr 2024	1.00	Director	$0	$0	$0
Timberly Harding	Director as of Apr 2024	1.00	Director	$0	$0	$0
George Shaffer	Director as of Apr 2024	1.00	Director	$0	$0	$0
R Jared Jordan	CEO	40.00	Officer	$243,404	$151,357	$394,761
William Lyle	Executive Chef	40.00	Key Emp	$200,793	$48,985	$249,778
Derrick Shanklin	General Manager	40.00	Highest	$120,297	$18,241	$138,538
April Stanton	Controller	40.00	Highest	$107,834	$19,681	$127,515

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	$8,278,577	$8,894,473	$14,937,717	$-615,896
2023	$7,354,493	$8,251,039	$16,026,605	$-896,546
2022	$7,146,294	$7,820,175	$18,798,853	$-673,881
2021	$5,233,596	$5,761,648	$9,411,261	$-528,052
2020	$3,270,572	$4,297,878	$7,944,409	$-1,027,306
2019	$3,754,594	$4,556,628	$4,767,206	$-802,034
2018	$4,616,717	$4,787,891	$5,593,314	$-171,174

The Summit Corporation