KANDU INDUSTRIES INC

EIN: 391023165 501(c)(3) Employment

MILTON, WI

Total Revenue
$4,224,238
Total Expenses
$3,141,769
Total Assets
$13,559,493
Net Assets
$7,100,381
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
WI
Principal Officer
KATHY HANSEN
Phone
6087554123
Tax Period
2023-01-01 to 2023-12-31

KANDU INDUSTRIES INC, founded in 1964, is a community nonprofit in the Employment sector that reported $4.2M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 26% operating margin.

Mission

TO PROVIDE SERVICE OPTIONS TO ROCK COUNTY RESIDENTS WITH DISABILITIES OR BARRIERS TO EMPLOYMENT THAT RESULT IN GREATER INDEPENDENCE, SOCIAL INTEGRATION, AND PERSONAL WELL-BEING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,537,017
Program Service Revenue $2,733,570
Investment Income $646,289
Other Revenue $-692,638
TOTAL REVENUE $4,224,238

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,163,475
Fundraising Expenses $445,282
Program Expenses $2,047,958
Other Expenses $975,459
TOTAL EXPENSES $3,141,769

Year-over-Year Comparison

2023 2022 Change
Revenue $4,224,238 $4,008,861 +0.1%
Expenses $3,141,769 $2,893,620 +0.1%
Net Income $1,082,469 $1,115,241 0.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
252
Volunteers
30

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
$132,785
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOEL CHAPPELLE PRESIDENT 0.50
Officer Director
$0 $0 $0
MICHAEL DAVIS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MATT BORDWELL TREASURER 0.50
Officer Director
$0 $0 $0
ARON BUSSAN SECRETARY 0.50
Officer Director
$0 $0 $0
ETHAN LEE DIRECTOR 0.50
Director
$0 $0 $0
RICK WILSON DIRECTOR 0.50
Director
$0 $0 $0
BETSY NELSON DIRECTOR 0.50
Director
$0 $0 $0
AMANDA PELLIZZI DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL PROSSER DIRECTOR 0.50
Director
$0 $0 $0
TRACY PIEMER DIRECTOR 0.50
Director
$0 $0 $0
KATHY HANSEN EXECUTIVE DIRECTOR 40.00
Officer
$132,785 $0 $132,785
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 $4,224,238 $3,141,769 $13,559,493 $1,082,469
2022 $4,008,861 $2,893,620 $7,162,000 $1,115,241
2021 $2,370,714 $2,088,182 $6,065,441 $282,532
2020 $2,041,297 $1,820,467 $6,120,478 $220,830
2019 $2,496,319 $2,278,556 $6,238,123 $217,763
2018 $3,116,462 $3,260,646 $5,712,182 $-144,184
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