SUMMIT INDEPENDENT LIVING CENTER (EIN 810453619) - 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

1981

Legal Domicile

Principal Officer

TAMI HOAR

Phone

4067281630

Tax Period

2023-10-01 to 2024-09-30

SUMMIT INDEPENDENT LIVING CENTER, founded in 1981, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $7.4M left a modest 5% surplus.

Mission

SUMMIT'S MISSION IS TO ADVANCE THE INDEPENDENCE AND CIVIL RIGHTS OF PEOPLE WITH DISABILITIES.

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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 $671,582

Program Service Revenue $7,073,832

Investment Income $77,366

Other Revenue $0

TOTAL REVENUE $7,822,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,608,826

Fundraising Expenses $6,451

Program Expenses $6,942,817

Other Expenses $815,856

TOTAL EXPENSES $7,424,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,822,780	$6,621,702	+0.2%
Expenses	$7,424,682	$6,111,612	+0.2%
Net Income	$398,098	$510,090	-0.2%

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

411

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

$84,020

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY BLAIR	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHERENE RICCI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GABRIELLE BROERE	SECRETARY	2.00	Officer Director	$0	$0	$0
TOM SEEKINS	DIRECTOR	2.00	Director	$0	$0	$0
PETER DRAKOS	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE EDER-MCLANE	DIRECTOR	2.00	Director	$0	$0	$0
KELLY LYNN SELLERS	DIRECTOR	2.00	Director	$0	$0	$0
JODINE TARBERT	DIRECTOR	2.00	Director	$0	$0	$0
RANDY BLEVINS	DIRECTOR	2.00	Director	$0	$0	$0
SUSANNE MIELKE	VICE PRESIDENT (FORMER)	2.00	Director	$0	$0	$0
TAMI HOAR	EXECUTIVE DIRECTOR	40.00	Officer	$83,500	$520	$84,020

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	$7,822,780	$7,424,682	$5,072,623	$398,098
2023	$6,621,702	$6,111,612	$4,716,099	$510,090
2022	$7,197,603	$6,511,368	$4,139,282	$686,235
2021	$6,392,636	$5,931,165	$3,829,227	$461,471
2020	$5,922,860	$5,712,934	$3,261,916	$209,926
2019	$5,818,732	$5,562,362	$2,677,536	$256,370
2018	$5,420,439	$5,244,045	$2,100,497	$176,394

SUMMIT INDEPENDENT LIVING CENTER