KARINA ASSOCIATION INC

EIN: 264445666 501(c)(3) International Affairs

LUTHVLE TIMON, MD

Total Revenue
$600,535
Total Expenses
$626,834
Total Assets
$504,962
Net Assets
$383,544
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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
2009
Legal Domicile
MD
Phone
8005547549
Tax Period
2023-01-01 to 2023-12-31

KARINA ASSOCIATION INC, founded in 2009, is a small nonprofit in the International Affairs sector that reported $601K in total revenue in fiscal year 2023.

Mission

Individualized program for young adults of all abilities

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,991
Program Service Revenue $570,527
Investment Income $17
Other Revenue $0
TOTAL REVENUE $600,535

Expense Breakdown

Grants Paid $30,075
Salaries & Benefits $447,446
Fundraising Expenses $0
Program Expenses $0
Other Expenses $149,313
TOTAL EXPENSES $626,834

Year-over-Year Comparison

2023 2022 Change
Revenue $600,535 $558,958 +0.1%
Expenses $626,834 $411,242 +0.5%
Net Income $-26,299 $147,716 -1.2%
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

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Governance

Voting Members
6
Independent Members
6
Employees
10
Volunteers
10

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
4
$0
Total Directors
2
$85,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Biliana Rhodes Executive Director 70.00
Director
$85,700 $0 $85,700
Joshua Heller President 2.00
Director
$0 $0 $0
Dina El Mahdy VicePresident 2.00
Officer
$0 $0 $0
Deepak Kulkarani Treasurer 1.00
Officer
$0 $0 $0
Denis Gracanin Director 1.00
Officer
$0 $0 $0
Olivia Putnam Board member 0.00
Officer
$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 No data No data No data No data
2023 $600,535 $626,834 $504,962 $-26,299
2022 $558,958 $411,242 $505,242 $147,716
2022 $558,958 $411,242 $505,242 $147,716
2021 $474,246 $281,682 $367,952 $192,564
2020 $256,656 $125,944 $168,840 $130,712
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