THE SUMMIT ACADEMY OF CENTRAL VIRGINIA INC (EIN 811772206) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

JULIAN MALCOLM

Tax Period

2023-07-01 to 2024-06-30

THE SUMMIT ACADEMY OF CENTRAL VIRGINIA INC, founded in 2016, is a small nonprofit in the Education sector that reported $341K in total revenue in fiscal year 2017. Revenue surged 110% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE SUMMIT ACADEMY IS TO PROVIDE A SINGLE-SEX, CLASSICAL EDUCATION THAT IS ROOTED IN A CHRISTOLOGICAL ANTHROPOLOGY AND THE TRADITION OF CATHOLIC TEACHING. WE EMPLOY THE TOOLS OF CLASSICAL LEARNING WITH ADDITIONAL EMPHASIS ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH; AND WE PLACE SPECIAL VALUE ON THE ARTS, AS WELL AS OUTDOOR EDUCATION AND LEADERSHIP TRAINING. ALTHOUGH WE ARE CO-EDUCATIONAL AS AN INSTITUTION, WE ARE GENDER SPECIFIC IN CLASSROOM INSTRUCTION.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $332,226

Program Service Revenue $753,029

Investment Income $0

Other Revenue $71,724

TOTAL REVENUE $1,156,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $809,509

Fundraising Expenses $1,444

Program Expenses $772,454

Other Expenses $300,377

TOTAL EXPENSES $1,109,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,156,979	$1,726,213	-0.3%
Expenses	$1,109,886	$1,078,538	+0.0%
Net Income	$47,093	$647,675	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$24,167

Total Directors

$24,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH A STIBORA	CHAIR	1.00	Officer Director	$0	$0	$0
TIM EDWARDS	TREASURER	1.00	Officer Director	$0	$0	$0
JULIAN MALCOLM	SECRETARY	40.00	Officer Director	$24,167	$0	$24,167
WILLIAM ASBELL III	DIRECTOR	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
2024	$1,156,979	$1,109,886	$1,276,594	$47,093
2023	$1,726,213	$1,078,538	$1,233,642	$647,675
2022	$948,424	$752,851	$190,166	$195,573
2021	$476,522	$517,066	$41,853	$-40,544
2020	$483,713	$548,815	$183,660	$-65,102
2019	$562,348	$531,991	$45,670	$30,357
2018	$340,598	$331,296	$10,727	$9,302

THE SUMMIT ACADEMY OF CENTRAL VIRGINIA INC