SUMMIT IMPACT

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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

NICK KISLINGER

Phone

8636480888

Tax Period

2024-01-01 to 2024-12-31

SUMMIT IMPACT, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $560K in total revenue in fiscal year 2024. Revenue surged 351% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 83% operating deficit.

Mission

TO DRIVE SOCIAL GOOD THROUGH INNOVATIVE ECOSYSTEMS THAT FACIITATE COLLABORATION ACROSS DISCIPLINES. SUMMIT IMMPACT BUILDS ECOSYSTEMS OF INNOVATION AROUND ESCEPTIONAL SOCIAL IMPACT LEADERS. BY ACTIVATING THE SUMMIT COMMUNITY - A NETWORK OF ACTIVISTS, ARTISTS, ATHLETES, ENTEPRENEURS, PERFORMERS, AND SCIENTISTS - WE LEVERAGE THE POWER OF COLLABORATION AND CRATIVITY TO SCALE IMPACT OBJECTIVES IN SPECIFIC TOPIC AREAS.

Program Service Accomplishments

Program 1

Expenses: $343,825

SUMMIT IMPACT LABS (SIL) SIL ARE A NOVEL AND UNIQUE PLATFORM FOR INNOVATION AND COLLABORATION, FOCUSING ON SPECIFIC TOPICS SUCH AS CRIMINAL JUSTICE, DEMOCRACY, OCEANS, OR MENTAL HEALTH, LEADING...

SUMMIT IMPACT LABS (SIL) SIL ARE A NOVEL AND UNIQUE PLATFORM FOR INNOVATION AND COLLABORATION, FOCUSING ON SPECIFIC TOPICS SUCH AS CRIMINAL JUSTICE, DEMOCRACY, OCEANS, OR MENTAL HEALTH, LEADING THROUGH A COHORT OF 4-8 SOCIAL CHANGE LEADERS CALLED SUMMIT FELLOWS, CONNECTING A LARGER GROUP OF FIELD EXPERTS AND CROSS-COUNTRY LEADERS, AND MAXIMIZING IMPACT BY SERVING AS MISSION CONTROL, FACILITATING ENGAGEMENT AND YIELDING GREATER OUTPUT.

Program 2

Expenses: $343,825

SUMMIT IMPACT COMMUNITY (SIC) SIC INCLUDES PROGRAMS FOR FELLOWS ALUMNI, MENTORS, SUPPORTERS AND ENGAGED SUMMIT COMMUNITY MEMBERS. PROGRAMS FOCUS ON THREE CORE ELEMENTS: (1) COMMUNITY CONNECTION; (2)...

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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 $560,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $560,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $553,425

Fundraising Expenses $32,046

Program Expenses $687,650

Other Expenses $469,705

TOTAL EXPENSES $1,023,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$560,000	$124,138	+3.5%
Expenses	$1,023,130	$786,230	+0.3%
Net Income	$-463,130	$-662,092	-0.3%

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

$222,910

Total Directors

$106,336

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF ROSENTHAL	PRESIDENT	1.00	Director	$0	$0	$0
DAVID WEISBERG	TREASURER	1.00	Director	$0	$0	$0
SHIRA ABRAMOWITZ	SECRETARY/DI	40.00	Officer Director	$88,333	$18,003	$106,336
CHRISTINA SASS	BOARD MEMBER	1.00	Director	$0	$0	$0
CRISTIANA FALCONE	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK MALONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
WHITNEY KROENKE SILVERSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ARLAN HAMILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER HARTNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
HANK WILLIS THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHANTE HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG HOFFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA JACKLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK KISLINGER	EXECUTIVE DI	40.00	Officer	$109,958	$6,616	$116,574

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	$560,000	$1,023,130	$516,896	$-463,130
2023	$124,138	$786,230	$1,455,155	$-662,092
2022	$3,065,896	$964,108	$2,119,500	$2,101,788
2021	$835,600	$507,102	$511,273	$328,498