KLARE HOLDINGS (EIN 263878865) - 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

2008

Legal Domicile

Principal Officer

KYLE SALYER

Phone

2134894461

Tax Period

2024-07-01 to 2025-06-30

KLARE HOLDINGS, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $24.4M in total revenue in fiscal year 2024. The organization ran a surplus of $6.2M, a strong 25% operating margin.

Mission

TO DEVELOP AND MAINTAIN CERTAIN FACILITIES FOR THE BENEFIT OF KIPP SOCAL PUBLIC SCHOOLS.

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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 $40,000

Program Service Revenue $18,232,036

Investment Income $1,047,454

Other Revenue $5,090,117

TOTAL REVENUE $24,409,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,781,032

Other Expenses $18,213,635

TOTAL EXPENSES $18,213,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,409,607	$25,236,644	0.0%
Expenses	$18,213,635	$22,841,886	-0.2%
Net Income	$6,195,972	$2,394,758	+1.6%

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

$364,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF STRNAD	SECRETARY	1.00	Officer Director	$0	$0	$0
NOLAN HIGHBAUGH	PRESIDENT	1.00	Officer Director	$0	$0	$0
KYLE SALYER	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$35,503	$364,643

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	$24,409,607	$18,213,635	$282,708,347	$6,195,972
2024	No data	No data	No data	No data
2023	$21,794,410	$20,831,975	$291,026,977	$962,435
2022	$20,876,670	$15,696,634	$277,764,082	$5,180,036
2021	$15,264,279	$12,021,600	$259,758,492	$3,242,679
2020	$9,357,114	$9,459,510	$211,471,720	$-102,396
2019	$8,717,412	$6,855,198	$183,051,473	$1,862,214
2018	$8,218,974	$6,759,666	$118,392,404	$1,459,308

KLARE HOLDINGS