KARAMU HOUSE INC (EIN 340714448) - 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

1915

Legal Domicile

Principal Officer

TONY SIAS

Phone

2167957070

Tax Period

2024-07-01 to 2025-06-30

KARAMU HOUSE INC, founded in 1915, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.7M left a modest 6% surplus.

Mission

TO PRODUCE PROFESSIONAL THEATRE, PROVIDE ARTS EDUCATION AND PRESENT COMMUNITY PROGRAMS FOR ALL PEOPLE WHILE HONORING THE BLACK EXPERIENCE

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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 $2,349,757

Program Service Revenue $355,327

Investment Income $1

Other Revenue $183,935

TOTAL REVENUE $2,889,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,216,628

Fundraising Expenses $199,171

Program Expenses $1,734,991

Other Expenses $1,489,039

TOTAL EXPENSES $2,705,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,889,020	$3,773,319	-0.2%
Expenses	$2,705,667	$3,567,375	-0.2%
Net Income	$183,353	$205,944	-0.1%

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

$361,458

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL JEANS	CO-CHAIR	2.00	Officer Director	$0	$0	$0
SHEILA WRIGHT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR EDWARD M BARKSDALE	MEMBER	1.00	Director	$0	$0	$0
KAREN HOWSE	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL BOWEN	MEMBER	1.00	Director	$0	$0	$0
JADE DAVIS	MEMBER	1.00	Director	$0	$0	$0
DIANE M DOWNING	MEMBER	1.00	Director	$0	$0	$0
COUNCILMAN BLAINE A GRIFFIN	MEMBER	1.00	Director	$0	$0	$0
TAMARA HORNE	CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER HURD	MEMBER	1.00	Director	$0	$0	$0
COLETTE M JONES	MEMBER	1.00	Director	$0	$0	$0
DAVID M REYNOLDS	MEMBER	1.00	Director	$0	$0	$0
MARQUES H RICHESON	SECRETARY	1.00	Officer Director	$0	$0	$0
AUTUMN R RUSSELL	MEMBER	1.00	Director	$0	$0	$0
ROSHONDA B SMITH	MEMBER	1.00	Director	$0	$0	$0
TIFFANI SUTTON-TAYLOR	MEMBER	1.00	Director	$0	$0	$0
TONY SIAS	PRESIDENT & CEO	40.00	Officer	$200,000	$0	$200,000
ASEELAH SHAREEF	VP & COO	40.00	Officer	$125,000	$0	$125,000
DAVID OWENS	CFO	40.00	Officer	$36,458	$0	$36,458

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	$2,889,020	$2,705,667	$9,853,419	$183,353
2024	No data	No data	No data	No data
2023	$3,199,564	$2,872,037	$9,971,127	$327,527
2022	$4,216,971	$2,810,454	$10,362,256	$1,406,517
2021	$3,454,930	$1,825,369	$8,492,498	$1,629,561
2020	$2,336,931	$2,320,352	$7,210,800	$16,579
2019	$6,448,618	$2,274,048	$7,110,135	$4,174,570
2018	$3,249,778	$1,728,682	$3,042,859	$1,521,096

KARAMU HOUSE INC