SUMMIT ACADEMY INC (EIN 841430606) - 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

1997

Legal Domicile

Phone

2089625650

Tax Period

2024-07-01 to 2025-06-30

SUMMIT ACADEMY INC, founded in 1997, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $18.0M represent 158 months of operating reserves.

Mission

MANAGE CATHOLIC NONPROFIT SCHOOL FOR PRESCHOOL AND GRADES K-12 -- TO TEACH, TO EDUCATE, TO FORM

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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 $875,926

Program Service Revenue $395,195

Investment Income $92,733

Other Revenue $0

TOTAL REVENUE $1,363,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $836,644

Fundraising Expenses $44,910

Program Expenses $1,279,374

Other Expenses $487,640

TOTAL EXPENSES $1,324,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,363,854	$1,897,954	-0.3%
Expenses	$1,324,284	$984,770	+0.3%
Net Income	$39,570	$913,184	-1.0%

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
PAUL WANDER	PASTOR	3.00	Director	$0	$0	$0
NICOLE FREI	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK HAGEN	VICE PRESIDENT	3.00	Officer	$0	$0	$0
MAURICE SEUBERT	PRESIDENT	3.00	Officer	$0	$0	$0
LYNN GOECKNER	SECRETARY	3.00	Officer	$0	$0	$0
HEIDI WATERS	TREASURER	0.00	Officer	$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
2025	$1,363,854	$1,324,284	$18,045,642	$39,570
2024	$1,897,954	$984,770	$17,481,201	$913,184
2023	$8,055,730	$859,332	$15,480,002	$7,196,398
2023	$8,102,273	$922,237	$17,236,358	$7,180,036
2022	$6,753,629	$911,694	$8,241,882	$5,841,935
2021	$2,118,546	$681,775	$2,383,744	$1,436,771
2020	$565,828	$595,922	$637,564	$-30,094
2019	$821,249	$607,636	$524,824	$213,613

SUMMIT ACADEMY INC