SUMMERTRAC INC (EIN 921934456) - 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

2023

Legal Domicile

Principal Officer

PRAKSHA PATEL

Phone

6786998868

Tax Period

2024-01-01 to 2024-12-31

SUMMERTRAC INC, founded in 2023, is a small nonprofit in the Religion sector that reported $256K in total revenue in fiscal year 2024. The organization ran a surplus of $140K, a strong 55% operating margin.

Mission

Our mission is to preserve our Hindu traditions, religion and culture in our community by imparting knowledge to inspire future leaders who aspire to practice the Hindu Faith with confidence.

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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 $254,912

Program Service Revenue $0

Investment Income $1,088

Other Revenue $0

TOTAL REVENUE $256,000

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,560

Other Expenses $113,734

TOTAL EXPENSES $116,234

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,000	N/A	N/A
Expenses	$116,234	N/A	N/A
Net Income	$139,766	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

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
PRAKSHA PATEL	PRESIDENT	25.00	Officer Director	$0	$0	$0
CHARMI DESAI	VICE PRESIDENT	25.00	Director	$0	$0	$0
DIVYA PATEL	SECRETARY	25.00	Director	$0	$0	$0
SANGITA MAKADIA	TREASURER	25.00	Director	$0	$0	$0
SNEHAL PATEL	DIRECTOR	25.00	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	$256,000	$116,234	$234,709	$139,766
2023	$200,741	$105,798	$94,943	$94,943

SUMMERTRAC INC