SUMMIT SENIORS FOUNDATION 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

2007

Legal Domicile

Principal Officer

ANNETTE PARSONS

Phone

9706682940

Tax Period

2024-01-01 to 2024-12-31

SUMMIT SENIORS FOUNDATION INC, founded in 2007, is a micro nonprofit in the Human Services sector that reported $39K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 91% operating margin.

Mission

THE ORGANIZATION'S SOLE PURPOSE IS TO SUPPORT THE ACTIVITIES, STRATEGIES, AND PLANS OF THE SUMMIT COUNTY SENIOR CITIZENS, INC.

Program Service Accomplishments

Program 1

PROVIDE SUPPORT TO SUMMIT COUNTY SENIOR CITIZENS, INC., FREQUENTLY KNOWN AS SUMMIT 50PLUS, TO FURTHER THEIR ACTIVITIES, STRATEGIES, AND PLANS.

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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 $402

Program Service Revenue $0

Investment Income $38,487

Other Revenue $0

TOTAL REVENUE $38,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,314

TOTAL EXPENSES $3,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,889	$23,870	+0.6%
Expenses	$3,314	$3,279	+0.0%
Net Income	$35,575	$20,591	+0.7%

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

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
ANNETTE PARSONS	PRESIDENT	5.00	Officer Director	$0	$0	$0
ALEDA KRESGE	TREASURER	5.00	Officer Director	$0	$0	$0
JULIE JONES	SECRETARY	5.00	Officer 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	$38,889	$3,314	$828,589	$35,575
2023	$23,870	$3,279	$767,153	$20,591
2022	$23,534	$3,481	$720,331	$20,053
2021	$28,406	$1,645	$733,906	$26,761
2020	$107,302	$31,774	$666,815	$75,528