SUMMIT HYPERBARICS AND WELLNESS INC (EIN 873164451) - 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

BONNIE CARNS

Phone

8778295500

Tax Period

2023-01-01 to 2023-12-31

SUMMIT HYPERBARICS AND WELLNESS INC, founded in 2021, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 14% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE REHABILITATION SERVICES TO INJURED MILITARY PERSONNEL (ACTIVE, GUARD, AND RESERVE), MILITARY VETERANS, FIRST RESPONDERS, AND DISABLED PERSONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,308,433

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,308,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $731,065

Fundraising Expenses $0

Program Expenses $1,051,011

Other Expenses $396,171

TOTAL EXPENSES $1,127,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,308,433	N/A	N/A
Expenses	$1,127,236	N/A	N/A
Net Income	$181,197	$0	N/A

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

$521,393

Total Directors

$521,393

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN WYMAN MD	MEDICAL DIRECTOR	40	Officer Director	$299,034	$29,347	$328,381
BONNIE CARNS	ADMINISTRATOR	40	Officer Director	$193,012	$0	$193,012
J THOMAS AHLQUIST III MD	CHAIR	1	Officer Director	$0	$0	$0
ROGER QUARLES	SECRETARY & TREASURER	1	Officer Director	$0	$0	$0
JEFFREY A NIEZGODA MD	VICE CHAIR	1	Officer 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
2024	No data	No data	No data	No data
2023	$1,308,433	$1,127,236	$182,874	$181,197

SUMMIT HYPERBARICS AND WELLNESS INC