ERIK KARLSHOEJ EDUCATION FOUNDATION (EIN 201890759) - 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

2004

Legal Domicile

Principal Officer

INGE KARLSHOEJ

Phone

5307552872

Tax Period

2023-01-01 to 2023-12-31

ERIK KARLSHOEJ EDUCATION FOUNDATION, founded in 2004, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 241% from the prior year, signaling strong growth momentum. The organization ran a surplus of $892K, a strong 67% operating margin.

Mission

OPERATES EXCLUSIVELY FOR THE BENEFIT OF TWIN RIVERS CHARTER SCHOOL, A CA PUBLIC CHARTER SCHOOL.

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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 $993,211

Program Service Revenue $345,106

Investment Income $616

Other Revenue $0

TOTAL REVENUE $1,338,933

Expense Breakdown

Grants Paid $113,665

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $422,701

Other Expenses $332,955

TOTAL EXPENSES $446,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,338,933	$393,106	+2.4%
Expenses	$446,620	$312,937	+0.4%
Net Income	$892,313	$80,169	+10.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY GEWEKE	BOARD MEMBER	0.05	Officer Director	$0	$0	$0
LORI DENNEY	BOARD MEMBER	0.05	Officer Director	$0	$0	$0
INGE KARLSHOEJ	PRINCIPAL OFFICER	0.50	Officer 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	No data	No data	No data	No data
2023	$1,338,933	$446,620	$13,718,233	$892,313
2022	$393,106	$312,937	$10,028,920	$80,169
2021	$370,106	$345,679	$10,044,751	$24,427
2020	$350,611	$342,792	$10,296,324	$7,819
2019	$626,121	$450,063	$10,564,505	$176,058
2018	$1,685,000	$366,615	$10,674,447	$1,318,385

ERIK KARLSHOEJ EDUCATION FOUNDATION