SUMMIT COUNSELING INC (EIN 813564853) - 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

BRENDA OWEN

Phone

7013346242

Tax Period

2024-01-01 to 2024-12-31

SUMMIT COUNSELING INC, founded in 2016, is a community nonprofit in the Mental Health sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 29% operating margin.

Mission

TO PROVIDE COMPREHENSIVE, INTERGRATED MENTAL HEALTH AND SUBSTANCE ABUSE SERVICES THAT PROMOTE THE HEALTH AND QUALITY OF LIFE OF OUR COMMUNITY MEMBERS AND TO INSPIRE CONFIDENCE AND RESPECT AS A PROVIDER OF COMPREHENSIVE BEHAVIORAL HEALTH CARE

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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 $1,800,000

Program Service Revenue $2,482,210

Investment Income $4,368

Other Revenue $0

TOTAL REVENUE $4,286,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,296,219

Fundraising Expenses $0

Program Expenses $2,705,263

Other Expenses $733,566

TOTAL EXPENSES $3,029,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,286,578	$2,432,282	+0.8%
Expenses	$3,029,785	$2,375,565	+0.3%
Net Income	$1,256,793	$56,717	+21.2%

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

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

$197,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA OWEN	PRESIDENT	40.00	Officer	$197,565	$0	$197,565
ALISON TRAYNOR	SECRETARY	N/A	Officer	$0	$0	$0
ASHLEY ISAACKSON	FINANCIAL DI	N/A	Officer	$0	$0	$0
BRIAN LAWTON	BOARD MEMBER	N/A	Director	$0	$0	$0
JENIFFER WINTER	BOARD MEMBER	N/A	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	$4,286,578	$3,029,785	$1,805,345	$1,256,793
2023	$2,432,282	$2,375,565	$478,106	$56,717
2022	$2,342,555	$2,111,243	$433,458	$231,312
2021	$2,747,482	$1,863,178	$240,493	$884,304
2020	$1,402,999	$1,741,252	$99,976	$-338,253
2019	$2,100,633	$2,186,765	$114,173	$-86,132
2018	$1,328,156	$1,468,696	$96,691	$-140,540

SUMMIT COUNSELING INC