SUMMIT ECONOMIC PARTNERSHIP

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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

2022

Legal Domicile

Principal Officer

BENJAMIN MILLER

Phone

9703434607

Tax Period

2024-01-01 to 2024-12-31

SUMMIT ECONOMIC PARTNERSHIP, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $393K in total revenue in fiscal year 2024. The organization ran a surplus of $83K, a strong 21% operating margin.

Mission

TO PROMOTE SUSTAINABLE ECONOMIC GROWTH FOR SUMMIT COUNTY BY FOSTERING INNOVATION, COLLABORATIN, AND COMMUNITY DRIVEN INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $235,975

The purpose of the Summit Economic Partnership is to promote workforce development, entrepreneurship, and economic diversification in Summit County, Colorado. By applying for nonprofit corporation...

The purpose of the Summit Economic Partnership is to promote workforce development, entrepreneurship, and economic diversification in Summit County, Colorado. By applying for nonprofit corporation status, the Summit Economic Partnership is positioning itself to be an eligible grant recipient and administrator, in addition to serving as a community liaison, coordinating with local governments, and spearheading projects within its core mission. Some fundraising and other financial support activity, such as grant writing, will be necessary for the sustainability of the nonprofit corporation.

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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 $393,014

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $393,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,328

Fundraising Expenses $0

Program Expenses $235,975

Other Expenses $165,162

TOTAL EXPENSES $310,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,014	N/A	N/A
Expenses	$310,490	N/A	N/A
Net Income	$82,524	N/A	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

N/A

Employees

N/A

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

$135,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THAYER HIRSH	CEO	40.00	Director	$135,000	$0	$135,000
BENJAMIN MILLER	President	0.50	Officer Director	$0	$0	$0
BLAIR MCGARY	MEMBER	0.50	Director	$0	$0	$0
DAVE ASKELAND	Treasurer	0.50	Director	$0	$0	$0
EDDIE OBRIEN	MEMBER	0.50	Director	$0	$0	$0
MIKE SHAMBARGER	MEMBER	0.50	Director	$0	$0	$0
NELL WAREHAM	MEMBER	0.50	Director	$0	$0	$0
STEVE SHAPIRO	MEMBER	0.50	Director	$0	$0	$0
BRITTANY ROMANO	MEMBER	0.50	Director	$0	$0	$0
AARON LANDAU	MEMBER	0.50	Director	$0	$0	$0
MARCO VIENNA	MEMBER	0.50	Director	$0	$0	$0
MARK RICHARDS	MEMBER	0.50	Director	$0	$0	$0
ERIN YOUNG	Vice President	0.50	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	$393,014	$310,490	$86,175	$82,524