KARIS INC (EIN 264600743) - 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

2009

Legal Domicile

Principal Officer

BRIAN HOLLINGSWORTH

Phone

9702424400

Tax Period

2023-10-01 to 2024-09-30

KARIS INC, founded in 2009, is a micro nonprofit that reported $634K in total revenue in fiscal year 2023. Revenue fell 123% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE HOUSING AND ASSISTANCE TO HOMELESS INDIVIDUALS, FAMILIES, AND TEENS WHO ARE MOVING AGRESSIVELY TOWARDS SELF-SUFFICIENCY

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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 $1,857,388

Program Service Revenue $163,079

Investment Income $-2,685,739

Other Revenue $31,324

TOTAL REVENUE $-633,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,556,400

Fundraising Expenses $0

Program Expenses $1,871,140

Other Expenses $820,800

TOTAL EXPENSES $2,377,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-633,948	$2,744,434	-1.2%
Expenses	$2,377,200	$2,763,825	-0.1%
Net Income	$-3,011,148	$-19,391	+154.3%

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
JED BALESTRIERI	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CARY EIDSNESS	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN HOLLINGSWORTH	PRESIDENT	2.00	Officer Director	$0	$0	$0
NATHAN OBERLE	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
KIM RAFF	BOARD MEMBER	2.00	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	$-633,948	$2,377,200	No data	$-3,011,148
2023	$2,744,434	$2,763,825	$5,017,598	$-19,391
2021	$3,050,096	$2,707,636	$4,115,604	$342,460
2020	$2,770,039	$1,704,667	$3,031,162	$1,065,372
2019	$1,330,438	$1,363,454	$1,668,672	$-33,016
2018	$1,718,632	$1,258,876	$1,572,128	$459,756

KARIS INC