Friends of Chinook School (EIN 300165711) - 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

2002

Legal Domicile

Principal Officer

Vera Karnofski

Phone

2069301651

Tax Period

2024-01-01 to 2024-12-31

Friends of Chinook School, founded in 2002, is a small nonprofit in the Human Services sector that reported $142K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $137K left a modest 4% surplus.

Mission

The Mission of Friends of Chinook School is to promote the Historic Chinook School in its role as an ongoing and unique venue for the cultural, educational, social, economic and recreational enrichment of the broader community and future generations.

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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 $104,633

Program Service Revenue $16,683

Investment Income $20,973

Other Revenue $0

TOTAL REVENUE $142,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,985

Fundraising Expenses $0

Program Expenses $136,867

Other Expenses $112,882

TOTAL EXPENSES $136,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,289	$91,848	+0.5%
Expenses	$136,867	$83,127	+0.6%
Net Income	$5,422	$8,721	-0.4%

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

N/A

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
Vera Karnofski	President	24.00	Director	$0	$0	$0
Raeonna McClure	Vice President	12.00	Director	$0	$0	$0
Layne Prest	Secretary	10.00	Director	$0	$0	$0
Jim Goulter	Treasurer	10.00	Director	$0	$0	$0
Karen Leu	Director	2.00	Director	$0	$0	$0
Trina Goulter	Director	2.00	Director	$0	$0	$0
Idalia Mendoza	Director	2.00	Director	$0	$0	$0
Stephanie Day	Director	2.00	Director	$0	$0	$0
Mike Thompson	Director	2.00	Director	$0	$0	$0
Brandi Knopski	Director	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	$142,289	$136,867	$634,917	$5,422
2023	$91,848	$83,127	$629,904	$8,721
2022	$195,292	$74,368	$1,069,326	$120,924
2022	$195,292	$74,368	$1,069,326	$120,924
2021	$85,909	$59,619	$948,353	$26,290
2020	$51,969	$82,796	$922,063	$-30,827
2019	$93,937	$111,831	$953,985	$-17,894
2018	$72,958	$96,965	$971,863	$-24,007

Friends of Chinook School