New Summit Academy (EIN 812978989) - 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

2016

Legal Domicile

Principal Officer

Maureen Hilborn

Phone

7197494010

Tax Period

2023-07-01 to 2024-06-30

New Summit Academy, founded in 2016, is a community nonprofit in the Education sector that reported $8.3M in total revenue in fiscal year 2023.

Mission

To build a safe educational community that emphasizes a love of learning, and inspires and empowers students to reach New Summits.

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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 $518,809

Program Service Revenue $7,551,037

Investment Income $164,354

Other Revenue $36,963

TOTAL REVENUE $8,271,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,010,237

Fundraising Expenses $0

Program Expenses $6,673,537

Other Expenses $2,810,518

TOTAL EXPENSES $8,820,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,271,163	$7,673,089	+0.1%
Expenses	$8,820,755	$8,254,674	+0.1%
Net Income	$-549,592	$-581,585	-0.1%

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

121

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

$190,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Davis	Board Chair	10.00	Officer Director	$0	$0	$0
Benjamin Partridge	Director at large	5.00	Director	$0	$0	$0
Timmothy Caldwell	Director at large	5.00	Director	$0	$0	$0
Michelle Ruehl	Director at large	5.00	Director	$0	$0	$0
Jessica Garcia	Director at large	5.00	Director	$0	$0	$0
Kim Mcclelland	Executive Director	40.00	Officer	$147,949	$42,780	$190,729

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	No data	No data	No data	No data
2024	$8,271,163	$8,820,755	$6,606,058	$-549,592
2023	$7,673,089	$8,254,674	$5,313,223	$-581,585
2022	$6,609,108	$6,087,308	$5,053,529	$521,800
2020	$5,554,980	$7,158,443	$6,946,041	$-1,603,463
2019	$4,743,610	$5,536,044	$5,889,060	$-792,434

New Summit Academy