SUMMERS FOUNDATION (EIN 752851505) - 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

1999

Legal Domicile

Principal Officer

A HUGH SUMMERS

Phone

9037292128

Tax Period

2023-01-01 to 2023-12-31

SUMMERS FOUNDATION, founded in 1999, is a small nonprofit that reported $805K in total revenue in fiscal year 2023. Revenue surged 406% from the prior year, signaling strong growth momentum. Expenses of $2.7M exceeded revenue, resulting in a 234% operating deficit.

Mission

SUPPORT OF CERTAIN SECTION 501(C)(3) 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $804,556

Other Revenue $0

TOTAL REVENUE $804,556

Expense Breakdown

Grants Paid $2,660,944

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,660,944

Other Expenses $29,779

TOTAL EXPENSES $2,690,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$804,556	$158,980	+4.1%
Expenses	$2,690,723	$44,576	+59.4%
Net Income	$-1,886,167	$114,404	-17.5%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A HUGH SUMMERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
HAYWOOD L HARRIS JR	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GERALDINE IVEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
AHNISE V SUMMERS	SECRETARY/TR	1.00	Officer	$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
2023	$804,556	$2,690,723	$43	$-1,886,167
2022	$158,980	$44,576	$1,886,210	$114,404
2021	$551,151	$630,356	$1,771,806	$-79,205
2020	$294,464	$347,716	$1,851,011	$-53,252
2019	$123,244	$342,260	$1,904,263	$-219,016
2018	$281,808	$217,365	$2,123,279	$64,443

SUMMERS FOUNDATION