THE SUMMIT LEAGUE

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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

1957

Legal Domicile

Principal Officer

KRIS LAMSON

Phone

4086057725

Tax Period

2024-07-01 to 2025-06-30

THE SUMMIT LEAGUE, founded in 1957, is a small nonprofit that reported $649K in total revenue in fiscal year 2024. Revenue surged 1272% from the prior year, signaling strong growth momentum. The organization ran a surplus of $560K, a strong 86% operating margin.

Mission

SUMMIT LEAGUE IS AN ORGANIZATION OF WOMEN COMMITTED TO FOSTERING MEMBER EDUCATION, ENRICHMENT AND, AS A GROUP, FINANCIALLY SUPPORTING COMMUNITY NEEDS IN THE AREAS OF THE ARTS, EDUCATION, HEALTH AND WELFARE IN SANTA CLARA VALLEY.

Program Service Accomplishments

Program 1

Expenses: $80,592

GRANTS WERE GIVEN TO VARIOUS CHARITABLE ORGANIZATIONS. THE MEMBERS OF THE SUMMIT LEAGUE VOTE AS TO WHICH ORGANIZATION(S) WILL RECEIVE FUNDS.

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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 $643,791

Program Service Revenue $0

Investment Income $17,629

Other Revenue $-12,303

TOTAL REVENUE $649,117

Expense Breakdown

Grants Paid $60,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,592

Other Expenses $28,838

TOTAL EXPENSES $88,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$649,117	$47,304	+12.7%
Expenses	$88,838	$79,553	+0.1%
Net Income	$560,279	$-32,249	-18.4%

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
LIZ FERRARI	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS GOMO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DIANNE STOKES	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN SORDELLO	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
DANA KROUSKUP	CORRESPONDING SECRETARY	1.00	Officer Director	$0	$0	$0
CYNTHIA LAZARES	TREASURER	1.00	Officer Director	$0	$0	$0
KRIS LAMSON	FUNDRAISING TREASURER	1.00	Officer Director	$0	$0	$0
JUDY BRADY	ADMISSIONS CHAIR	1.00	Director	$0	$0	$0
BARBARA GENTZKOW	NOMINATING CHAIR	1.00	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
2025	$649,117	$88,838	$978,599	$560,279
2024	$47,304	$79,553	$418,320	$-32,249
2023	$623,851	$346,530	$450,569	$277,321
2022	$161,348	$26,511	$173,248	$134,837
2021	$136,882	$169,652	$38,411	$-32,770
2019	$395,658	$355,821	$63,575	$39,837