Kuali Foundation Inc

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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

KATHERINE MARLIN

Phone

8128560562

Tax Period

2022-07-01 to 2023-06-30

Kuali Foundation Inc, founded in 2006, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

SERVE AS A PROPONENT AND COORDINATING BODY FOR OPEN SOURCE COLLABORATION FOR SOFTWARE DESIGNED FOR HIGHER EDUCATION AND PROMOTE THE EXPANSION, DEVELOPMENT, AND IMPLEMENTATION OF OPEN SOURCE SOFTWARE FOR HIGHER EDUCATION AND OTHER SECTORS OF THE EDUCATION COMMUNITY FOR THE BENEFIT OF SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $2,088,194 Revenue: $1,695,725

THE FOUNDATION PROVIDES DIRECT SUPPORT FOR THE DESIGN OF OPEN SOURCE SOFTWARE FOR HIGHER EDUCATION, INCLUDING BEST PRACTICES IN DESIGN AND USE. THE FOUNDATION PROVIDES A FORUM FOR COMMUNICATION OF...

THE FOUNDATION PROVIDES DIRECT SUPPORT FOR THE DESIGN OF OPEN SOURCE SOFTWARE FOR HIGHER EDUCATION, INCLUDING BEST PRACTICES IN DESIGN AND USE. THE FOUNDATION PROVIDES A FORUM FOR COMMUNICATION OF PROGRESS IN THE COMMUNITY AND ON OPEN SOURCE SOFTWARE PROJECTS AND BEST PRACTICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,695,725

Investment Income $3,724

Other Revenue $0

TOTAL REVENUE $1,699,449

Expense Breakdown

Grants Paid $300,000

Salaries & Benefits $111,346

Fundraising Expenses $0

Program Expenses $2,088,194

Other Expenses $1,720,925

TOTAL EXPENSES $2,132,271

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,699,449	$2,155,792	-0.2%
Expenses	$2,132,271	$4,117,415	-0.5%
Net Income	$-432,822	$-1,961,623	-0.8%

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

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

$108,011

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE MARLIN	MANAGING DIRECTOR	32.0	Officer	$83,946	$24,065	$108,011
PATRICK BURNS	CHAIR	6.0	Officer Director	$0	$0	$0
STEVE DOWDY	VICE CHAIR	4.0	Officer Director	$0	$0	$0
BILL SIBERT JUL-AUG 2022	TREASURER	4.0	Officer Director	$0	$0	$0
BRAD WHEELER BEG AUG 2022	TREASURER	4.0	Officer Director	$0	$0	$0
GARRET YOSHIMI BEG AUG 2022	BOARD MEMBER	2.0	Director	$0	$0	$0
CHRISTA JOHNSONJUL-SEPT 2022	BOARD MEMBER	2.0	Director	$0	$0	$0
LYNN JOHNSON BEG SEPT 2022	BOARD MEMBER	2.0	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
2023	$1,699,449	$2,132,271	$555,276	$-432,822
2023	$617,802	$953,036	No data	$-335,234
2022	$2,155,792	$4,117,415	$776,912	$-1,961,623
2021	$4,499,882	$4,758,344	$3,569,859	$-258,462