KARNS CITY SCHOLASTIC FOUNDATION INC (EIN 371694569) - 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

2012

Legal Domicile

Principal Officer

BRENDA KNOLL

Phone

7247560521

Tax Period

2023-01-01 to 2023-12-31

KARNS CITY SCHOLASTIC FOUNDATION INC, founded in 2012, is a micro nonprofit in the Education sector that reported $57K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $434K represent 92 months of operating reserves.

Mission

TO SUPPORT THE EDUCATIONAL OBJECTIVES OF THE KARNS CITY AREA SCHOOL DISTRICT INCLUDING THE CURRICULAR AND CO-CURRICULAR ACTIVITIES OF THE SCHOOL DISTRICT AND 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $51,479

Program Service Revenue $0

Investment Income $5,163

Other Revenue $0

TOTAL REVENUE $56,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,575

Program Expenses $45,254

Other Expenses $56,618

TOTAL EXPENSES $56,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,642	$72,582	-0.2%
Expenses	$56,618	$37,754	+0.5%
Net Income	$24	$34,828	-1.0%

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
LAYA FEICHT	BOARD TRUSTE	N/A	Director	$0	$0	$0
MICHELLE FENNELL	BOARD TRUSTE	N/A	Director	$0	$0	$0
DENNIS KELLY	BOARD TRUSTE	N/A	Director	$0	$0	$0
JENNIFER KRAMM	SECRETARY	2.00	Director	$0	$0	$0
BRENDA KNOLL	PRESIDENT	2.00	Officer	$0	$0	$0
EVAN MCGARVEY	TREASURER	4.00	Officer	$0	$0	$0
CARISA SMITH	VICE PRESIDE	2.00	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
2024	No data	No data	No data	No data
2023	$56,642	$56,618	$433,558	$24
2022	$72,582	$37,754	$396,651	$34,828
2021	$84,239	$43,213	$430,706	$41,026
2020	$19,144	$36,413	$429,040	$-17,269
2019	$61,784	$43,007	$392,949	$18,777
2018	$50,479	$57,141	$319,580	$-6,662

KARNS CITY SCHOLASTIC FOUNDATION INC