KFBSF 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

JANA READY

Phone

9199627158

Tax Period

2024-07-01 to 2025-06-30

KFBSF INC, founded in 2006, is a micro nonprofit in the Education sector that reported $69K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $123K exceeded revenue, resulting in a 79% operating deficit.

Mission

PROVIDED FUNDS TO SUPPORT EDUCATIONAL INVESTMENT PROGRAMS FOR MBA STUDENTS AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.

Program Service Accomplishments

Program 1

Expenses: $118,435 Revenue: $104,129

PROVIDED FUNDS TO SUPPORT EDUCATIONAL INVESTMENT PROGRAMS FOR MBA STUDENTS AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.

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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 $104,129

Investment Income $-34,230

Other Revenue $-1,322

TOTAL REVENUE $68,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,435

Other Expenses $122,985

TOTAL EXPENSES $122,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,577	$237,983	-0.7%
Expenses	$122,985	$33,518	+2.7%
Net Income	$-54,408	$204,465	-1.3%

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

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

$867,423

Total Directors

$2,757,381

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANA RAEDY	TREASURER	1.00	Officer Director	$0	$69,402	$618,162
JOE CANADY	VICE PRESIDENT/ASSISTANT TREASURER	1.00	Officer Director	$0	$62,343	$249,261
JEFFREY ALAN ALLRED	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HARTZELL	DIRECTOR	1.00	Director	$0	$76,355	$467,816
ART BAKER	DIRECTOR	1.00	Director	$0	$78,437	$307,908
LEONARD WOOD	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE BRINDELL	DIRECTOR	1.00	Director	$0	$0	$0
BRAD STAATS	DIRECTOR	1.00	Director	$0	$69,818	$854,772
JEFF MITTLESTADT	DIRECTOR	1.00	Director	$0	$50,479	$259,462

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	$68,577	$122,985	$498,503	$-54,408
2024	$237,983	$33,518	$552,911	$204,465
2023	$102,480	$119,267	$348,446	$-16,787
2022	$517,523	$673,978	$365,233	$-156,455
2021	$136,757	$80,987	$521,688	$55,770
2020	$161,429	$693,555	$462,193	$-532,126
2019	$689,624	$976,768	$994,319	$-287,144
2018	$595,840	$9,346	$1,281,463	$586,494