SUMM FOUNDATION (EIN 921428532) - 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

2022

Legal Domicile

Principal Officer

ROBERT A GRANIERI

Phone

6469748051

Tax Period

2023-01-01 to 2023-12-31

SUMM FOUNDATION, founded in 2022, is a small nonprofit that reported $221K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 846% operating deficit.

Mission

SUMM FOUNDATION (THE ORGANIZATION) WAS ORGANIZED TO PROMOTE SOCIAL WELFARE, INCLUDING BUT NOT LIMITED TO, THE ADVANCEMENT OF SENSIBLE POLICIES THAT EXPAND LIBERTY IN ECONOMICS, SOCIAL POLICY, IMMIGRATION, AND FOREIGN AFFAIRS. THE ORGANIZATION PLANS TO ACCOMPLISH SUCH ACTIVITIES DIRECTLY OR BY MAKING GRANTS TO OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(4) OF THE CODE.

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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 $0

Program Service Revenue $0

Investment Income $221,236

Other Revenue $0

TOTAL REVENUE $221,236

Expense Breakdown

Grants Paid $2,042,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,042,000

Other Expenses $50,680

TOTAL EXPENSES $2,092,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,236	$5,000,000	-1.0%
Expenses	$2,092,680	N/A	N/A
Net Income	$-1,871,444	$5,000,000	-1.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GRANIERI	DIRECTOR, PRES, TREAS	2.00	Officer Director	$0	$0	$0
SARAH GROOTHUIS	SECRETARY	2.00	Officer	$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	$221,236	$2,092,680	$3,128,556	$-1,871,444
2022	$5,000,000	No data	$5,000,000	No data

SUMM FOUNDATION