SUMMIT HEALING INC (EIN 843812410) - 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

2019

Legal Domicile

Phone

7208910746

Tax Period

2024-01-01 to 2024-12-31

SUMMIT HEALING INC, founded in 2019, is a small nonprofit in the Mental Health sector that reported $680K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $787K exceeded revenue, resulting in a 16% operating deficit.

Mission

CREATE A COMMUNITY THAT SUPPORTS AND EMPOWERS INDIVIDUALS STRUGGLING WITH CO-OCCURRING DIAGNOSIS. SUMMIT HEALING PROVIDES SUPPORTIVE HOUSING, CONNECTION TO TREATEMENT, COMMUNITY INTEGRATION, AND INDEPENDENT LIVING SKILLS.

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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 $0

Program Service Revenue $679,960

Investment Income $1

Other Revenue $0

TOTAL REVENUE $679,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,896

Fundraising Expenses $0

Program Expenses $644,666

Other Expenses $537,795

TOTAL EXPENSES $786,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$679,961	$785,231	-0.1%
Expenses	$786,691	$815,643	0.0%
Net Income	$-106,730	$-30,412	+2.5%

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
HUNTER SHURTLEFF	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
LARRY WALL	DIRECTOR CLINICAL DIRECTOR	5.00	Director	$0	$0	$0
MELANIE MORRIS	PRESIDENT	1.00	Officer	$0	$0	$0
TREY COMBS	TREASURER	1.00	Officer	$0	$0	$0
TAYLOR REED	SECRETARY	1.00	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
2024	$679,961	$786,691	$53,857	$-106,730
2023	$785,231	$815,643	$72,747	$-30,412
2022	$907,323	$1,084,245	$192,278	$-176,922
2021	$850,084	$713,092	$283,075	$136,992
2020	$385,266	$319,703	$73,318	$65,563

SUMMIT HEALING INC