SUMMIT CLASSICAL CHARTER SCHOOL INC (EIN 825507072) - 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

2018

Legal Domicile

Principal Officer

JESSICA MILLS

Phone

8039739812

Tax Period

2023-07-01 to 2024-06-30

SUMMIT CLASSICAL CHARTER SCHOOL INC, founded in 2018, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE MISSION OF SUMMIT CLASSICAL CHARTER SCHOOL IS TO CULTIVATE A LEARNING ENVIRONMENT THAT PRODUCES MODEL CITIZENS WHO EMBRACE ONGOING ACHIEVEMENT IN EDUCATION AND SERVICE.

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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 $1,149,323

Program Service Revenue $165

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,149,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $747,642

Fundraising Expenses $0

Program Expenses $969,449

Other Expenses $665,697

TOTAL EXPENSES $1,413,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,149,488	$1,488,424	-0.2%
Expenses	$1,413,339	$1,577,355	-0.1%
Net Income	$-263,851	$-88,931	+2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA MILLS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MATT ASHEMORE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SAVANNA THIBODEAUH	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY CANNON	DIRECTOR	1.00	Director	$0	$0	$0
LAHALLA GARRETT	SECRETARY	1.00	Officer Director	$0	$0	$0
ADRIENNE JONES	TREASURER	1.00	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	$1,149,488	$1,413,339	$287,819	$-263,851
2023	$1,488,424	$1,577,355	$769,352	$-88,931
2022	$1,167,806	$1,378,457	$979,204	$-210,651
2021	$1,415,140	$1,319,519	$713,029	$95,621
2020	$968,844	$844,369	$345,424	$124,475
2019	$215,077	$209,327	$60,752	$5,750

SUMMIT CLASSICAL CHARTER SCHOOL INC