KIDZNOTES INC (EIN 270446845) - 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

DR THOMAS HOWARD JR

Phone

9193214475

Tax Period

2024-07-01 to 2025-06-30

KIDZNOTES INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $625K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $821K exceeded revenue, resulting in a 31% operating deficit.

Mission

KIDZNOTES EMPOWERS YOUTH THROUGH MUSIC EDUCATION, FOSTERING PERSONAL GROWTH, DEEPENING COMMUNITY ENGAGEMENT, AND DRIVING SOCIAL CHANGE.

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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 $585,714

Program Service Revenue $3,609

Investment Income $4,699

Other Revenue $31,068

TOTAL REVENUE $625,090

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $523,567

Fundraising Expenses $212,594

Program Expenses $493,081

Other Expenses $295,752

TOTAL EXPENSES $820,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$625,090	$659,377	-0.1%
Expenses	$820,819	$720,693	+0.1%
Net Income	$-195,729	$-61,316	+2.2%

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

$111,830

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR THOMAS HOWARD JR	EXECUTIVE DI	40.00	Officer	$110,000	$1,830	$111,830
CASSANDRA ANDERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM CROUCH	BOARD MEMBER	1.00	Director	$0	$0	$0
MEREDITH DIXON	TREASURER	1.00	Officer Director	$0	$0	$0
TARSHA FLETCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
RAMELL GEE	BOARD MEMBER	1.00	Director	$0	$0	$0
SABRINA JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE MCCOY	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH MURGITROYD	BOARD MEMBER	2.00	Director	$0	$0	$0
SHANNON RUTT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BLAKE SHIVER	CHAIR	2.00	Officer Director	$0	$0	$0
JESSICA SPERLING	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAMIA TRUITT-MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICE TURNER	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSUE VALBUENA-PEREZ	BOARD MEMBER	1.00	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
2025	$625,090	$820,819	$185,217	$-195,729
2024	$659,377	$720,693	$367,125	$-61,316
2023	$822,361	$794,005	$426,715	$28,356
2022	$587,347	$680,870	$405,549	$-93,523
2021	$610,805	$607,326	$613,615	$3,479
2020	$650,077	$977,536	$574,929	$-327,459
2019	$1,066,739	$966,094	$831,266	$100,645

KIDZNOTES INC