THE SUMMIT FOUNDATION (EIN 742341399) - 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

1984

Legal Domicile

Principal Officer

ELLEN REID

Phone

9704535970

Tax Period

2024-10-01 to 2025-09-30

THE SUMMIT FOUNDATION, founded in 1984, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.0M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 26% operating margin.

Mission

SUPPORTING QUALIFIED TAX-EXEMPT ORGANIZATIONS

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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 $7,798,465

Program Service Revenue $0

Investment Income $1,216,577

Other Revenue $31,568

TOTAL REVENUE $9,046,610

Expense Breakdown

Grants Paid $4,972,323

Salaries & Benefits $1,111,239

Fundraising Expenses $443,749

Program Expenses $5,387,439

Other Expenses $603,156

TOTAL EXPENSES $6,686,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,046,610	$6,381,865	+0.4%
Expenses	$6,686,718	$6,001,722	+0.1%
Net Income	$2,359,892	$380,143	+5.2%

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

Volunteers

139

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

$356,627

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNE BISTRANIN	FORMER EXECUTIVE DIRECTOR	45.00	Officer	$209,021	$8,320	$217,341
CHAD COVELL	FORMER DIRECTOR OF FINANCE	45.00	Officer	$121,500	$17,786	$139,286
ELLEN REID	EXECUTIVE DIRECTOR	45.00	Officer	$0	$0	$0
TIM APPLEGATE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS BANAS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES BECKMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH BLANCHARD	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON BUHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY BYRD	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY CAMMARATA	BOARD MEMBER	1.00	Director	$0	$0	$0
LUELLA CHAVEZ D'ANGELO	BOARD MEMBER	1.00	Director	$0	$0	$0
JON COPELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
DON DANKNER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE DEPPE	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY HILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HUGHES	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB KOPP	BOARD MEMBER	1.00	Director	$0	$0	$0
MEG LASS	BOARD MEMBER	1.00	Director	$0	$0	$0
DUSTIN LYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE MAGLIOCCHETTI	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBBINS MANLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIN MCGINNIS	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY MESSEGEE	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY PESTELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
YIRKA PLATT	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY RENOUX	BOARD MEMBER	1.00	Director	$0	$0	$0
LOLI RESPINI-POLLARD	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SCHILLING	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON SIMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID STELZER	BOARD MEMBER	1.00	Director	$0	$0	$0
GINNY VIETTI	BOARD MEMBER	1.00	Director	$0	$0	$0
NELL WAREHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
BARB RANKIN	PRESIDENT	1.00	Director	$0	$0	$0
DAVID PREAUS	VICE PRESIDENT	1.00	Director	$0	$0	$0
NICK BRINKMAN	TREASURER	1.00	Director	$0	$0	$0
SHANNON HAYNES	SECRETARY	1.00	Director	$0	$0	$0
ANDY AERENSON	FORMER PRESIDENT	1.00	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	$9,046,610	$6,686,718	$28,443,818	$2,359,892
2024	$6,381,865	$6,001,722	$24,933,878	$380,143
2023	$7,224,766	$5,163,813	$21,789,741	$2,060,953
2022	$4,939,479	$4,887,496	$18,397,790	$51,983
2021	$6,446,939	$5,484,033	$22,333,564	$962,906
2020	$8,053,681	$4,947,112	$18,792,311	$3,106,569
2019	$5,190,320	$4,412,213	$15,599,465	$778,107
2018	$4,062,296	$4,604,202	$14,039,513	$-541,906

THE SUMMIT FOUNDATION