THE KENDAL CORPORATION (EIN 232688382) - 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

1992

Legal Domicile

Principal Officer

VASSAR BYRD

Phone

6103351200

Tax Period

2024-01-01 to 2024-12-31

THE KENDAL CORPORATION, founded in 1992, is a community nonprofit in the Health Care sector that reported $7.8M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

TO DEVELOP, SUPPORT, AND COORDINATE A SYSTEM OF COMMUNITIES AND SERVICES FOR OLDER PERSONS

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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 $7,194,649

Investment Income $561,380

Other Revenue $0

TOTAL REVENUE $7,756,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,865,152

Fundraising Expenses $3,300

Program Expenses $7,743,108

Other Expenses $2,377,965

TOTAL EXPENSES $8,246,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,756,029	$9,626,593	-0.2%
Expenses	$8,246,417	$10,048,354	-0.2%
Net Income	$-490,388	$-421,761	+0.2%

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

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

$869,892

Total Directors

Key Employees

$364,223

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETHA HALL	CHAIR	5.00	Officer Director	$0	$0	$0
MARGARET PLANK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
STAN PELLI	TREASURER	2.00	Officer Director	$0	$0	$0
JODI LEESER	SECRETARY	1.50	Officer Director	$0	$0	$0
PAUL COONEY	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
GEORGIA ANETZBERGER	MEMBER [VICE CHAIR THRU AUG 2024]	1.50	Officer Director	$0	$0	$0
RICHARD BAZNIK	MEMBER	1.50	Director	$0	$0	$0
WILLIAM BENSON	MEMBER	1.50	Director	$0	$0	$0
CASEY BROWER	MEMBER	1.50	Director	$0	$0	$0
ANNA MARIE BUTRIE	MEMBER	1.50	Director	$0	$0	$0
BROOKE CARROLL	MEMBER	1.50	Director	$0	$0	$0
JULIE HOUPT	MEMBER	1.50	Director	$0	$0	$0
JEFF LAYTON	MEMBER	1.50	Director	$0	$0	$0
RICHARD MELECKI	MEMBER	1.50	Director	$0	$0	$0
ANNE PAGE	MEMBER	2.00	Director	$0	$0	$0
HOWARD SMITH	MEMBER	1.50	Director	$0	$0	$0
VASSAR BYRD	PRESIDENT & CEO EFFECTIVE JAN 2024	45.00	Officer	$424,551	$23,179	$447,730
AMY HARRISON	CFO [INTERIM CEO THRU JAN 2024]	45.00	Officer	$367,691	$54,471	$422,162
STEPHEN G BAILEY	CHIEF STRATEGY OFFICER-LEFT DEC 2024	40.00	Key Emp	$335,114	$29,109	$364,223
HOWARD C BRAXTON	VP, MARKETING	40.00	Highest	$278,911	$46,827	$325,738
KURT A RAHNER	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$216,812	$24,501	$241,313
DOUGLAS HELMAN	TRANSITIONS SPECIALIST	50.00	Highest	$194,961	$31,684	$226,645
LISA M JOHNSON	VP, HEALTH SERVICES - LEFT JUN 2024	40.00	Highest	$191,337	$11,170	$202,507
CRYSTAL D BAKER	CONTROLLER	40.00	Highest	$161,790	$19,484	$181,274

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	$7,756,029	$8,246,417	$19,034,057	$-490,388
2023	$9,626,593	$10,048,354	$20,836,687	$-421,761
2022	$9,265,394	$14,486,723	$21,286,649	$-5,221,329
2021	$12,423,091	$10,275,155	$25,472,058	$2,147,936
2020	$9,676,171	$10,479,141	$22,281,042	$-802,970
2019	$9,847,360	$11,009,114	$21,041,603	$-1,161,754
2018	$9,506,214	$10,007,504	$23,109,769	$-501,290

THE KENDAL CORPORATION