SUMMIT INITIATIVE (EIN 845066854) - 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

2020

Legal Domicile

Principal Officer

Jason Chudnofsky

Phone

4254449923

Tax Period

2024-07-01 to 2025-06-30

SUMMIT INITIATIVE, founded in 2020, is a small nonprofit in the International Affairs sector that reported $329K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

The mission of Summit is to equip people to build authentic communities that embrace freedom through God's love, foster hope, demonstrate compassion, and help people discover their true God-given identity and purpose.

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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 $215,330

Program Service Revenue $114,069

Investment Income $0

Other Revenue $0

TOTAL REVENUE $329,399

Expense Breakdown

Grants Paid $55,945

Salaries & Benefits $127,848

Fundraising Expenses $7,200

Program Expenses $289,767

Other Expenses $135,775

TOTAL EXPENSES $326,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$329,399	$277,114	+0.2%
Expenses	$326,768	$304,465	+0.1%
Net Income	$2,631	$-27,351	-1.1%

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

Volunteers

100

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

$80,000

Total Directors

$80,000

Key Employees

$47,325

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Chudnofsky	Executive Director	40	Officer Director	$80,000	$0	$80,000
Chris Swan	Program Director	40	Key Emp	$47,325	$0	$47,325
Caleb Farnworth	Board Chair	1	Officer Director	$0	$0	$0
Randy Hartmann	Board Vice Chair	1	Officer Director	$0	$0	$0
Dave Visser	Board Secretary	1	Officer Director	$0	$0	$0
Brett De Yager	Board Member	1	Director	$0	$0	$0
Dan Lao	Board Member	1	Director	$0	$0	$0
Richard Martin	Board Member	1	Director	$0	$0	$0
Jenna Vokes	Board Member	1	Director	$0	$0	$0
Eilbron Meghdies	Board Member	1	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
2025	$329,399	$326,768	$47,095	$2,631
2024	$277,114	$304,465	$44,464	$-27,351
2023	$315,191	$296,403	$71,815	$18,788
2022	$199,331	$221,803	$53,027	$-22,472

SUMMIT INITIATIVE