Summit Medina Business Alliance Inc
Summit Medina Business Alliance Inc. shows fluctuating financial health with occasional deficits but no reported officer compensation.
EIN: 204662225 · Akron, OH · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $551K |
| Total Expenses | $568K |
| Program Spending | 85% |
| Net Assets | $254K |
| Transparency Score | 75/100 |
Is Summit Medina Business Alliance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Summit Medina Business Alliance Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Summit Medina Business Alliance Inc
Summit Medina Business Alliance Inc (EIN: 204662225) is a nonprofit organization based in Akron, OH, classified under NTEE code S30. The organization reported total revenue of $551K and total assets of $341K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit Medina Business Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit Medina Business Alliance Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $554K |
| Total Expenses | $568K |
| Surplus / Deficit | $-14,111 |
| Total Assets | $294K |
| Total Liabilities | $40K |
| Net Assets | $254K |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 6.2 months |
Financial Health Grade: B
In 2023, Summit Medina Business Alliance Inc reported a deficit of $14K with expenses exceeding revenue, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Summit Medina Business Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +408.9% | +327.3% | +37.8% |
| 2022 | -84.0% | -77.3% | -10.1% |
| 2022 | +34.8% | +2.2% | +64.9% |
| 2021 | -8.6% | +20.3% | -32.3% |
| 2020 | +18.3% | +0.0% | +54.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Summit Medina Business Alliance Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Summit Medina Business Alliance Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not directly compensated or are compensated through non-officer categories, which is a positive sign for minimizing administrative costs relative to the organization's size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Summit Medina Business Alliance Inc's IRS 990 filings:
- Recurring operational deficits in multiple years (e.g., 2023, 2022, 2021)
- Significant year-over-year fluctuations in revenue and expenses without clear explanation in provided data
- Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided summary
Strengths
The following positive indicators were identified for Summit Medina Business Alliance Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds or volunteer leadership
- Growing asset base over the long term, from $62,537 in 2015 to $294,130 in 2023
- Relatively low liabilities compared to assets, suggesting good financial solvency
Frequently Asked Questions about Summit Medina Business Alliance Inc
Is Summit Medina Business Alliance Inc a legitimate charity?
Summit Medina Business Alliance Inc (EIN: 204662225) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $551K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Summit Medina Business Alliance Inc spend its money?
Summit Medina Business Alliance Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Summit Medina Business Alliance Inc tax-deductible?
Summit Medina Business Alliance Inc is registered as a tax-exempt nonprofit (EIN: 204662225). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Summit Medina Business Alliance Inc's spending goes to programs?
Summit Medina Business Alliance Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Summit Medina Business Alliance Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Summit Medina Business Alliance Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Summit Medina Business Alliance Inc located?
Summit Medina Business Alliance Inc is headquartered in Akron, Ohio and files with the IRS under EIN 204662225. It is classified under NTEE code S30.
How many years of IRS 990 filings does Summit Medina Business Alliance Inc have?
Summit Medina Business Alliance Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $551K in total revenue.
What caused the significant revenue and expense fluctuations between 202212 and 202209?
The filing for period 202209 shows revenue of $678,906 and expenses of $585,373, while the filing for period 202212 shows revenue of $108,867 and expenses of $132,965. This drastic change within the same calendar year suggests either a significant project or grant concluded, or a change in reporting periods/methodology that warrants further investigation.
How does Summit Medina Business Alliance Inc. sustain operations with recurring deficits in some years?
The organization experienced deficits in 2023 ($14,111), 2022 ($24,098), 2021 ($68,776), and 2019 ($10,196). While assets have grown, these deficits suggest reliance on prior year surpluses or reserves to cover operational gaps, which could impact long-term financial stability if not addressed.
What is the nature of the liabilities reported, particularly the $39,691 in 2023?
The liabilities increased from minimal amounts in previous years to $39,691 in 2023. Understanding the nature of these liabilities (e.g., accounts payable, deferred revenue, loans) is crucial for assessing the organization's short-term financial obligations and risk.
Filing History
IRS 990 filing history for Summit Medina Business Alliance Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Summit Medina Business Alliance Inc's revenue has grown by 124.5%, moving from $247K to $554K. Total assets increased by 1929.9% over the same period, from $14K to $294K. Total functional expenses rose by 105.4%, from $277K to $568K. In its most recent filing year (2023), Summit Medina Business Alliance Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $40K in liabilities against $294K in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $254K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $554K | $568K | $294K | $40K | — | — |
| 2022 | $109K | $133K | $213K | $50 | — | View 990 |
| 2022 | $679K | $585K | $238K | $40 | — | View 990 |
| 2021 | $504K | $573K | $144K | $40 | — | View 990 |
| 2020 | $551K | $476K | $213K | $28 | — | — |
| 2019 | $466K | $476K | $138K | $42 | — | View 990 |
| 2018 | $439K | $435K | $136K | $0 | — | View 990 |
| 2017 | $420K | $417K | $132K | $0 | — | View 990 |
| 2016 | $475K | $408K | $130K | $0 | — | View 990 |
| 2015 | $343K | $375K | $63K | $0 | — | View 990 |
| 2014 | $308K | $281K | $94K | $0 | — | View 990 |
| 2013 | $312K | $281K | $68K | $0 | — | View 990 |
| 2012 | $306K | $284K | $37K | $0 | — | View 990 |
| 2011 | $247K | $277K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $554K, expenses of $568K, and assets of $294K (revenue +408.9% year-over-year).
- 2022: Revenue of $109K, expenses of $133K, and assets of $213K (revenue -84.0% year-over-year).
- 2022: Revenue of $679K, expenses of $585K, and assets of $238K (revenue +34.8% year-over-year).
- 2021: Revenue of $504K, expenses of $573K, and assets of $144K (revenue -8.6% year-over-year).
- 2020: Revenue of $551K, expenses of $476K, and assets of $213K (revenue +18.3% year-over-year).
- 2019: Revenue of $466K, expenses of $476K, and assets of $138K (revenue +6.0% year-over-year).
- 2018: Revenue of $439K, expenses of $435K, and assets of $136K (revenue +4.6% year-over-year).
- 2017: Revenue of $420K, expenses of $417K, and assets of $132K (revenue -11.7% year-over-year).
- 2016: Revenue of $475K, expenses of $408K, and assets of $130K (revenue +38.4% year-over-year).
- 2015: Revenue of $343K, expenses of $375K, and assets of $63K (revenue +11.6% year-over-year).
- 2014: Revenue of $308K, expenses of $281K, and assets of $94K (revenue -1.2% year-over-year).
- 2013: Revenue of $312K, expenses of $281K, and assets of $68K (revenue +1.7% year-over-year).
- 2012: Revenue of $306K, expenses of $284K, and assets of $37K (revenue +24.1% year-over-year).
- 2011: Revenue of $247K, expenses of $277K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summit Medina Business Alliance Inc:
Data Sources and Methodology
This transparency report for Summit Medina Business Alliance Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.