KARE FOUNDATION (EIN 204927605) - 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

2006

Legal Domicile

Principal Officer

HARRY L JOE

Phone

6264421160

Tax Period

2024-07-01 to 2025-06-30

KARE FOUNDATION, founded in 2006, is a community nonprofit in the Recreation & Sports sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $680K, a strong 33% operating margin.

Mission

TO SUPPORT THE PROGRAMS AND ACTIVITIES OF KARE YOUTH LEAGUE.

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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 $0

Program Service Revenue $0

Investment Income $2,047,485

Other Revenue $0

TOTAL REVENUE $2,047,485

Expense Breakdown

Grants Paid $1,356,582

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,356,582

Other Expenses $10,728

TOTAL EXPENSES $1,367,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,047,485	$1,126,990	+0.8%
Expenses	$1,367,310	$1,255,764	+0.1%
Net Income	$680,175	$-128,774	-6.3%

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

$252,048

Total Directors

$107,426

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HORTON	PRESIDENT	1.00	Officer Director	$0	$11,634	$88,528
HARRY JOE	CFO	1.00	Officer Director	$0	$0	$18,898
DAVID GUERRERO	BOARD MEMBER	1.00	Director	$0	$0	$0
CASEY JOURNIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY STELZRIEDE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT BRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
VALERIE CORDER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT CURTIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID DIAZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF FAIRLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID JOE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE ORSBURN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN SLOAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG BOLINGER	VICE PRESIDENT	1.00	Officer	$0	$11,634	$87,673
JAY LAMMERS	SECRETARY	1.00	Officer	$0	$6,768	$56,949

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	$2,047,485	$1,367,310	$32,858,689	$680,175
2024	$1,126,990	$1,255,764	$30,257,577	$-128,774
2023	$-423,777	$1,397,621	$28,200,716	$-1,821,398
2022	$3,227,928	$1,991,500	$26,829,109	$1,236,428
2022	$3,227,928	$1,991,500	$26,829,109	$1,236,428
2021	$3,022,302	$861,316	$33,509,551	$2,160,986
2020	$2,906,062	$1,263,250	$27,040,529	$1,642,812
2019	$6,174,781	$1,224,742	$27,485,231	$4,950,039
2018	$1,491,737	$1,548,616	$21,784,668	$-56,879

KARE FOUNDATION