KORE 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

2008

Legal Domicile

Principal Officer

JENNIFER FARBER

Phone

9045716392

Tax Period

2024-01-01 to 2024-12-31

KORE FOUNDATION INC, founded in 2008, is a community nonprofit in the International Affairs sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 14% surplus.

Mission

THE ORGANIZATION'S PRIMARY MISSION IS TO OFFER POVERTY STRICKEN PEOPLE A SUSTAINABLE ALTERNATIVE WITH THE INTRODUCTION OF CREATIVE MICRO-INDUSTRIES, AGRICULTURE, AND MICRO-FINANCE.

Program Service Accomplishments

Program 1

Expenses: $1,044,209

THE ORGANIZATION FUNDS THE SMALL HOLDER POULTRY PROGRAM (SHPE), LOCATED IN HAITI AND PARTNERED WITH KORE LAKAY THE SHPE PROVIDES HAITIANS THE NECESSARY TRAINING, FINANCING AND OVERSIGHT TO BEGIN HIS OR HER OWN AGRIBUSINESS. THIS WILL PROVIDE OPPORTUNITIES FOR THESE FAMILIES TO BECOME ECONOMICALLY SELF-RELIANT.

Program 2

THE PROTEIN FEEDING PROGRAM, LOCATED IN HAITI AND PARTNERED WITH KORE LAKAY, PROVIDES ANIMAL PROTEIN TO 10,000 CHILDREN WHO OTHERWISE WOULD NOT HAVE ACCESS TO IT. POULTRY AND EGGS ARE PURCHASED FROM SHPE FARMERS AND DISTRIBUTED TO MALNOURISHED CHILDREN AND ELDERLY IN SEVERAL REGIONS OF HAITI.

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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 $1,272,156

Program Service Revenue $0

Investment Income $74,741

Other Revenue $0

TOTAL REVENUE $1,346,897

Expense Breakdown

Grants Paid $711,564

Salaries & Benefits $313,419

Fundraising Expenses $43,786

Program Expenses $1,044,209

Other Expenses $137,473

TOTAL EXPENSES $1,162,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,346,897	$1,760,138	-0.2%
Expenses	$1,162,456	$1,360,469	-0.1%
Net Income	$184,441	$399,669	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS BRATTON	CEO	N/A	Officer Director	$0	$0	$0
JOHN CARTER	TREASURER	N/A	Officer Director	$0	$0	$0
RANDY HALE	DIRECTOR	N/A	Director	$0	$0	$0
KATHERINE LOUW	SECRETARY	N/A	Officer Director	$0	$0	$0
TOM MOORE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ALEX QUINTARD	DIRECTOR	N/A	Director	$0	$0	$0
RICK WOOD	DIRECTOR	N/A	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	$1,346,897	$1,162,456	$1,746,711	$184,441
2023	$1,760,138	$1,360,469	$1,569,863	$399,669
2022	$1,686,532	$1,433,043	$1,168,714	$253,489
2021	$1,193,672	$1,347,421	$924,523	$-153,749
2020	$1,541,732	$1,524,570	$1,069,075	$17,162
2019	$1,463,244	$1,178,513	$995,366	$284,731
2018	$1,493,499	$1,309,279	$719,845	$184,220