KIWANIS CLUB OF SALEM INC (EIN 026012451) - 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

1953

Legal Domicile

Principal Officer

MARGARET TRIPP

Phone

6038945631

Tax Period

2023-10-01 to 2024-09-30

KIWANIS CLUB OF SALEM INC, founded in 1953, is a micro nonprofit that reported $39K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $92K exceeded revenue, resulting in a 135% operating deficit.

Mission

COLLEGE SCHOLARSHIPS, GRANTS TO HS SENIORS, CONTINUING SUPPORT FOR THE SALEM BOYS AND GIRLS CLUB, KIWANIS ANNUAL HIGH SCHOOL TRACK MEET

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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 $1,854

Program Service Revenue $0

Investment Income $13,619

Other Revenue $23,922

TOTAL REVENUE $39,395

Expense Breakdown

Grants Paid $82,045

Salaries & Benefits $0

Fundraising Expenses $3,034

Program Expenses $84,159

Other Expenses $10,431

TOTAL EXPENSES $92,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,395	$138,788	-0.7%
Expenses	$92,476	$73,897	+0.3%
Net Income	$-53,081	$64,891	-1.8%

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
MARGARET TRIPP	TREASURER	2.00	Officer	$0	$0	$0
JODY RONAYNE	PRESIDENT EL	2.00	Officer	$0	$0	$0
TODD GIBBS	SECRETARY	2.00	Officer	$0	$0	$0
NANCY LEFEBVRE	SECRETARY	2.00	Officer	$0	$0	$0
BRUCE SILVER	PAST TREASUR	2.00	Officer	$0	$0	$0
DEBORAH MALLON	ASSISTANT TR	2.00	Officer	$0	$0	$0
JENN COOK	VP	2.00	Officer	$0	$0	$0
CHRIS BAMFORD	DIRECTOR	2.00	Officer	$0	$0	$0
JON TRIPP	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH O'BRIAN	PRESIDENT	2.00	Officer	$0	$0	$0
DICK O'SHAUGHNESSY	DIRECTOR	2.00	Officer	$0	$0	$0
MIKE COOK	DIRECTOR	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	$39,395	$92,476	$405,533	$-53,081
2023	$138,788	$73,897	$458,614	$64,891
2022	$170,989	$96,995	$393,723	$73,994
2021	$66,590	$56,825	$320,022	$9,765
2020	$82,514	$57,860	$310,257	$24,654
2019	$31,506	$101,773	$285,603	$-70,267
2018	$77,072	$63,002	$355,870	$14,070

KIWANIS CLUB OF SALEM INC