SUMMIT PLANTING INITIATIVE (EIN 863079505) - 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

2021

Legal Domicile

Principal Officer

STEVE BELSER

Phone

3097131700

Tax Period

2024-01-01 to 2024-12-31

SUMMIT PLANTING INITIATIVE, founded in 2021, is a small nonprofit in the Religion sector that reported $312K in total revenue in fiscal year 2024.

Mission

THE SUMMIT PLANTING INITIATIVE EXISTS TO GLORIFY GOD THROUGH PLANTING AND SUPPORTING LIKE-MINDED CHURCHES AROUND THE WORLD. WE SEEK TO PLANT CHURCHES WITH INDIGENOUS PASTORS WHO ARE EXCITED ABOUT GROWING GODS KINGDOM IN THEIR HOME COUNTRIES. WE ARE ALSO PASSIONATE ABOUT PARTNERING INDIVIDUALS OR CHURCHES WITH PLANTED CHURCHES TO SUPPORT THEM BY PRAYER, FINANCES, AND/OR HANDS-ON ASSISTANCE. AS WELL AS ENGAGING IN ALL RELATED RELIGIOUS, CHARITABLE, AND EDUCATIONAL MINISTRIES.

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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 $312,069

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $312,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $305,145

Other Expenses $305,145

TOTAL EXPENSES $305,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,069	$310,870	+0.0%
Expenses	$305,145	$310,265	0.0%
Net Income	$6,924	$605	+10.4%

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

N/A

Volunteers

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
STEVE BELSER	CHAIRMAN/DIR	N/A	Officer	$0	$0	$0
JOHN CREEKMUR	TREASURER/DI	N/A	Officer	$0	$0	$0
STEPHEN HUTTON	SECRETARY/DI	N/A	Officer	$0	$0	$0
TIM HARKNESS	DIRECTOR	N/A	Director	$0	$0	$0
PHILIP KING	DIRECTOR	N/A	Director	$0	$0	$0
STEVE MCGINNIS	DIRECTOR	N/A	Director	$0	$0	$0
JEFF KLOPFENSTEIN	DIRECTOR	N/A	Director	$0	$0	$0
STEVE STURHAHN	DIRECTOR	N/A	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	No data	No data	No data	No data
2024	$312,069	$305,145	$40,325	$6,924
2023	$310,870	$310,265	$33,401	$605
2022	$280,353	$247,557	$32,796	$32,796

SUMMIT PLANTING INITIATIVE