KENN HOMES INC CO THE KENNEDY CENTER INC (EIN 061542334) - 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

1951

Legal Domicile

Principal Officer

RICHARD E SEBASTIAN JR

Phone

2033658522

Tax Period

2023-07-01 to 2024-06-30

KENN HOMES INC CO THE KENNEDY CENTER INC, founded in 1951, is a small nonprofit in the Housing & Shelter sector that reported $178K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $248K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PYSCHOLOGICAL NEEDS.

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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 $177,966

Program Service Revenue $0

Investment Income $35

Other Revenue $0

TOTAL REVENUE $178,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,176

Fundraising Expenses $400

Program Expenses $227,948

Other Expenses $225,559

TOTAL EXPENSES $247,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,001	$193,536	-0.1%
Expenses	$247,735	$303,718	-0.2%
Net Income	$-69,734	$-110,182	-0.4%

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

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

$384,060

Total Directors

$384,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD E SEBASTIAN JR	PRESIDENT	2.00	Officer Director	$0	$23,680	$384,060
DOUGLAS R BROWN ESQ	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BARBARA F GREEN ESQ	VICE CHAIRMAN AND DIRECTOR	2.00	Officer Director	$0	$0	$0
GIL KELLERSMAN	DIRECTOR	1.00	Director	$0	$0	$0
LEONARD MILLER	DIRECTOR	1.00	Director	$0	$0	$0
RONALD B NOREN ESQ	DIRECTOR	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	No data	No data	No data	No data
2024	$178,001	$247,735	$324,093	$-69,734
2023	$193,536	$303,718	$292,034	$-110,182
2022	$186,721	$275,656	$227,397	$-88,935
2021	$274,212	$218,835	$270,085	$55,377
2020	$189,590	$221,942	$257,714	$-32,352
2019	$190,338	$220,141	$257,594	$-29,803
2018	$210,424	$203,361	$279,113	$7,063

KENN HOMES INC CO THE KENNEDY CENTER INC