KAPPA OMICRON INC

EIN: 320469908 501(c)(3)

NEW YORK, NY

Total Revenue
$26,017
Total Expenses
$156,947
Total Assets
$2,589,344
Net Assets
$1,614,344
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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
2000
Principal Officer
STEVEN SCHMIDT
Phone
9148157136
Tax Period
2020-01-01 to 2020-12-31

KAPPA OMICRON INC, founded in 2000, is a micro nonprofit that reported $26K in total revenue in fiscal year 2020. Expenses of $157K exceeded revenue, resulting in a 503% operating deficit.

Mission

To receive and administer funds for scientic, educational and charitable purposes for our members and the local community.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $14,315
Program Service Revenue $0
Investment Income $0
Other Revenue $11,702
TOTAL REVENUE $26,017

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $988
Program Expenses $988
Other Expenses $155,959
TOTAL EXPENSES $156,947

Year-over-Year Comparison

2020 2019 Change
Revenue $26,017 N/A N/A
Expenses $156,947 $58,736 +1.7%
Net Income $-130,930 $-58,736 +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

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Governance

Voting Members
5
Independent Members
N/A
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN SCHMIDT PRESIDENT 003.00
Officer
$0 $0 $0
ROGER SCULLY SECRETARY 003.00
Officer
$0 $0 $0
KENNETH ZINK TREASURER 003.00
Officer
$0 $0 $0
FELTON JOHNSON BOARD MEMBER 002.00
Officer
$0 $0 $0
BRUCE WILLIAMS BOARD MEMBER 002.00
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
2020 $26,017 $156,947 $2,589,344 $-130,930
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