KARINA ASSOCIATION 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

2009

Legal Domicile

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 programs for young adults of all abilities. Realize your potential through career exploration support and skills mentorship.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Individualized programs for young adults of all abilities. Realize your potential through career exploration support and skills mentorship.

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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 (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

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

Total Directors

$85,700

Key Employees

Highest Compensated

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