K2 ADVENTURES FOUNDATION (EIN 271302780) - 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

KRISTEN SALCITO BROTZ

Phone

4807972950

Tax Period

2023-01-01 to 2023-12-31

K2 ADVENTURES FOUNDATION, founded in 2009, is a community nonprofit in the Youth Development sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 5% surplus.

Mission

TO CARE FOR CHILDREN, ADULTS AND FAMILIES WITH SPECIAL NEEDS AND/OR LIFE CHANGING MEDICAL CIRCUMSTANCES BY PROVIDING SERVICES, SUPPORT AND FUNDS THAT WILL BE USED FOR EDUCATIONAL AND MEDICAL ENRICHMENT.

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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 $1,321,504

Program Service Revenue $0

Investment Income $9,452

Other Revenue $-84,194

TOTAL REVENUE $1,246,762

Expense Breakdown

Grants Paid $607,806

Salaries & Benefits $317,524

Fundraising Expenses $133,266

Program Expenses $908,056

Other Expenses $259,767

TOTAL EXPENSES $1,185,097

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,246,762	$1,584,765	-0.2%
Expenses	$1,185,097	$1,399,211	-0.2%
Net Income	$61,665	$185,554	-0.7%

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

$253,455

Total Directors

$253,455

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN SALCITO-BROTZ	CEO	040.00	Officer Director	$105,761	$0	$105,761
KEVIN CHERILLA	PRESIDENT	040.00	Officer Director	$89,402	$0	$89,402
KELLY MICHAEL	CFO	040.00	Officer Director	$56,594	$1,698	$58,292
TERRI NESSER	SECRETARY	020.00	Director	$0	$0	$0
BOBBI CHAWLA	DIRECTOR	002.00	Director	$0	$0	$0
RAHUL CHAWLA	DIRECTOR	002.00	Director	$0	$0	$0
BLAIR SINGER	DIRECTOR	002.00	Director	$0	$0	$0
DANIELLE MERRILL	DIRECTOR	002.00	Director	$0	$0	$0
DARLENE RICHERT	DIRECTOR	002.00	Director	$0	$0	$0
ELIZABETH KATZMAN	DIRECTOR	002.00	Director	$0	$0	$0
EVA HILTON	DIRECTOR	002.00	Director	$0	$0	$0
HEATHER IORILLO	DIRECTOR	002.00	Director	$0	$0	$0
JOHN IORILLO	DIRECTOR	002.00	Director	$0	$0	$0
KELLY RICHARDSON	DIRECTOR	002.00	Director	$0	$0	$0
MARIA MIHALETOS	DIRECTOR	002.00	Director	$0	$0	$0
SHAHEEN NEIL	DIRECTOR	002.00	Director	$0	$0	$0
SUSAN STUART	DIRECTOR	002.00	Director	$0	$0	$0
TIM STUART	DIRECTOR	002.00	Director	$0	$0	$0
TOSHIKO TAKAGAKI	DIRECTOR	002.00	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	No data	No data	No data	No data
2023	$1,246,762	$1,185,097	$848,042	$61,665
2022	$1,584,765	$1,399,211	$710,919	$185,554
2021	$957,191	$1,147,623	$505,481	$-190,432
2020	$1,282,633	$1,011,401	$690,577	$271,232
2019	$1,208,120	$1,092,023	$429,705	$116,097
2018	$893,912	$811,807	$323,655	$82,105

K2 ADVENTURES FOUNDATION