Summit Ministries Inc

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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

1970

Legal Domicile

Principal Officer

Dr Jeff Myers

Phone

7196859103

Tax Period

2023-01-01 to 2023-12-31

Summit Ministries Inc, founded in 1970, is a mid-sized nonprofit that reported $13.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Summit Ministries is an educational Christian ministry with the purpose of equipping tomorrow's servant leaders to analyze competing worldviews and champion the Christian faith, inspiring each one to love God with all his heart, soul, mind, and strength.

Program Service Accomplishments

Program 1

Expenses: $4,946,046 Revenue: $3,652,909

Summit Ministries Summer Programs - Educate students ages 16-25 in Christian worldview thinking, preparing them for the battle of ideas that they will face in college and in culture. The two-week in person conferences feature over 60 hours and one-week virtual (through ZOOM) conferences feature over 30 hours of instruction in worldview analysis, Christian apologetics and leadership from a faculty of world-class instructors.

Program 2

Expenses: $2,397,265 Revenue: $1,469,564

Curriculum development and sales - published materials to educate students and adults in Christian worldview thinking, preparing them for the battle of ideas that they will face in college and in...

Curriculum development and sales - published materials to educate students and adults in Christian worldview thinking, preparing them for the battle of ideas that they will face in college and in culture.

Program 3

Expenses: $1,383,652 Revenue: $607,005

Summit Semester Program - A 12-week Christ-centered academic retreat, located near Pagosa Springs, Colorado, designed for post high school graduates. The retreat prepares young Christian thinkers to address the dichotomy separating faith from reason. Major courses include History of Christian Thought, Christianity and Politics, and English Literature. Minor courses include Philosophy, Art, Theology & the Church, Cultural Apologetics, and Bible Survey.

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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 $8,459,493

Program Service Revenue $4,317,566

Investment Income $-150,246

Other Revenue $991,945

TOTAL REVENUE $13,618,758

Expense Breakdown

Grants Paid $1,185,026

Salaries & Benefits $6,825,404

Fundraising Expenses $1,307,957

Program Expenses $10,442,070

Other Expenses $5,924,047

TOTAL EXPENSES $13,934,477

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,618,758	$12,307,180	+0.1%
Expenses	$13,934,477	$11,914,284	+0.2%
Net Income	$-315,719	$392,896	-1.8%

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

226

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

$632,075

Total Directors

$379,543

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Myers	President	40.00	Officer Director	$344,273	$35,270	$379,543
Julie H Ambler	Chair Person	2.00	Officer Director	$0	$0	$0
Merida Brooks	Secretary	2.00	Officer Director	$0	$0	$0
Steve Austin	Chair of Finance Committee	2.00	Officer Director	$0	$0	$0
Melissa Neugebauer	Director	1.00	Director	$0	$0	$0
Drew Ryun	Director	1.00	Director	$0	$0	$0
Jeffrey Ventrella	Director	1.00	Director	$0	$0	$0
Derek McCoy	Director	1.00	Director	$0	$0	$0
Mikkel Mandt	Director	1.00	Director	$0	$0	$0
Jeff Wood	CFO and Treasurer	40.00	Officer	$226,032	$26,500	$252,532
Aaron Atwood	VP Advancement	40.00	Highest	$204,188	$31,552	$235,740
Jason Graham	VP Publishing	40.00	Highest	$168,096	$29,947	$198,043
Joseph Amandee	IT Director	40.00	Highest	$133,157	$28,668	$161,825
Rajeev Shaw	Director of Marketing and sales	40.00	Highest	$118,868	$23,729	$142,597
Sinh Nguyen	Director of Finance	40.00	Highest	$113,394	$5,014	$118,408

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	No data	No data	No data	No data
2023	$13,618,758	$13,934,477	$16,838,275	$-315,719
2022	$12,307,180	$11,914,284	$16,145,920	$392,896
2021	$12,358,452	$9,232,603	$15,859,073	$3,125,849
2020	$6,901,949	$6,727,304	$12,513,563	$174,645
2019	$8,573,731	$7,406,260	$12,343,752	$1,167,471
2018	$7,766,142	$8,242,176	$11,589,566	$-476,034