THE SUMMIT AT FIRST HILL

EIN: 911973348 501(c)(3) Human Services

SEATTLE, WA

Total Revenue
$11,882,884
Total Expenses
$12,506,631
Total Assets
$24,959,522
Net Assets
$15,307,560
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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
1999
Legal Domicile
WA
Principal Officer
JEFFREY COHEN
Phone
2067258800
Tax Period
2023-01-01 to 2023-12-31

THE SUMMIT AT FIRST HILL, founded in 1999, is a mid-sized nonprofit in the Human Services sector that reported $11.9M in total revenue in fiscal year 2023.

Mission

PROVIDES ASSISTED SERVICES AND RESIDENTIAL SERVICES TO OVER 120 ELDERLY ADULTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $812,556
Program Service Revenue $10,931,180
Investment Income $139,148
Other Revenue $0
TOTAL REVENUE $11,882,884

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,446,153
Fundraising Expenses $0
Program Expenses $11,475,475
Other Expenses $5,060,478
TOTAL EXPENSES $12,506,631

Year-over-Year Comparison

2023 2022 Change
Revenue $11,882,884 $11,470,384 +0.0%
Expenses $12,506,631 $11,661,303 +0.1%
Net Income $-623,747 $-190,919 +2.3%
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

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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
44

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
9
$2,151,615
Total Directors
25
$0
Key Employees
1
$197,738
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IRENE FISHER CHAIR 0.50
Officer Director
$0 $0 $0
ROBERT SIMON VICE CHAIR 0.50
Officer Director
$0 $0 $0
BARBARA SULMAN SECRETARY 0.50
Officer Director
$0 $0 $0
JAY RIFFKIN TREASURER 0.50
Officer Director
$0 $0 $0
JEANIE ALHADEFF DIRECTOR 0.25
Director
$0 $0 $0
JACK ALMO DIRECTOR 0.50
Director
$0 $0 $0
DAVID BENOLIEL DIRECTOR 0.25
Director
$0 $0 $0
MARC BRIDGE DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL COHEN DIRECTOR 0.25
Director
$0 $0 $0
LYNN DUBEY DIRECTOR 0.25
Director
$0 $0 $0
DAVID FAIN DIRECTOR 0.25
Director
$0 $0 $0
MARK KANE DIRECTOR 0.25
Director
$0 $0 $0
THOMAS LEAVITT DIRECTOR 0.25
Director
$0 $0 $0
ALVIN MARTIN DIRECTOR 0.25
Director
$0 $0 $0
RABBI JAMES MIREL DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL MORGAN DIRECTOR 0.25
Director
$0 $0 $0
JEFF PIHA DIRECTOR 0.25
Director
$0 $0 $0
BRIAN QUINT DIRECTOR 0.25
Director
$0 $0 $0
ARI ROBICSEK DIRECTOR 0.25
Director
$0 $0 $0
DOUGLAS ROSEN DIRECTOR 0.25
Director
$0 $0 $0
STEVEN SCHWARTZ DIRECTOR 0.25
Director
$0 $0 $0
DAVID SHAPIRO DIRECTOR 0.25
Director
$0 $0 $0
ALLAN STEINMAN DIRECTOR 0.25
Director
$0 $0 $0
DOUG WIVIOTT DIRECTOR 0.25
Director
$0 $0 $0
ELANA ZANA DIRECTOR 0.25
Director
$0 $0 $0
JEFF COHEN CHIEF EXECUTIVE OFFICER 6.80
Officer
$0 $63,010 $858,352
CHRISTINE AN CHIEF OPERATING OFFICER 8.30
Officer
$0 $66,677 $457,663
TRACEY GROSCOST CHIEF FINANCIAL OFFICER 6.80
Officer
$0 $10,075 $337,514
RACHELLE RYAN CHIEF HUMAN RESOURCE OFFICER 8.00
Officer
$0 $21,553 $305,281
ERIN SHERIDAN CHIEF COMPLIANCE OFFICER AND GENERAL COUNSEL 6.80
Officer
$0 $10,167 $192,805
MATTHEW POWONDRA ADMINISTRATOR 40.00
Key Emp
$0 $19,094 $197,738
JEREMEY DUITCH DIRECTOR OF CULINARY 40.00
Highest
$0 $13,451 $134,936
ENDALKEW GESESE DIRECTOR OF ASSISTED LIVING 35.70
Highest
$0 $10,290 $124,613
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 $11,882,884 $12,506,631 $24,959,522 $-623,747
2022 $11,470,384 $11,661,303 $24,897,147 $-190,919
2021 $11,254,963 $10,961,807 $25,796,567 $293,156
2020 $12,329,555 $11,142,592 $26,484,386 $1,186,963
2019 $11,284,776 $10,324,092 $26,615,007 $960,684
2018 $10,376,604 $9,640,923 $26,884,807 $735,681
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