KANDU INDUSTRIES INC

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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

1964

Legal Domicile

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

KANDU CREATES, PROMOTES AND PROVIDES DIVERSE OPPORTUNITIES WITHIN THE COMMUNITY THAT OFFER PERSONS WITH DISABILITIES OR DISADVANTAGES THE OPPORTUNITY TO PURSUE GREATER INDEPENDENCE AND MEET THEIR FULL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $2,047,958 Revenue: $2,733,570

REHABILITATION SERVICES OFFERS A FLEXIBLE, RESPONSIVE, AND COMMUNITY-BASED PROGRAM FOR PEOPLE WITH DEVELOPMENTAL DELAYS WITH IDENTIFIED DEMENTIA AND/OR ALZHEIMER'S. THE PROGRAM ALSO SERVES ELDERLY...

REHABILITATION SERVICES OFFERS A FLEXIBLE, RESPONSIVE, AND COMMUNITY-BASED PROGRAM FOR PEOPLE WITH DEVELOPMENTAL DELAYS WITH IDENTIFIED DEMENTIA AND/OR ALZHEIMER'S. THE PROGRAM ALSO SERVES ELDERLY WITHOUT DEVELOPMENTAL DISABILITIES. THE DAY SERVICE PROGRAM OFFERS THE OPPORTUNITY TO GROW PHYSICALLY, INTELLECTUALLY, EMOTIONALLY, AND SOCIALLY. THROUGH ONGOING INTERACTION WITH THE KANDU STAFF AND THE COMMUNITY, CHOICES ARE PROVIDED TO ENABLE EACH INDIVIDUAL TO REALIZE THEIR POTENTIALS AND PERSONAL EXPECTATIONS IN LIFE.

Program 2

Expenses: $0 Revenue: $-512,049

COMMERCIAL OPERATIONS PROVIDE WORK EXPERIENCE TO INDIVIDUALS IN AN ENVIRONMENT WITH SUPERVISION AND SUPPORT. WORK EXPERIENCES ARE OBTAINED IN THE DEPARTMENTS TO INCLUDE PRODUCTION AND CATERING. JOB TRAINING IS PROVIDED, AS NEEDED, TO THE INDIVIDUALS TO ENSURE THEIR SUCCESS. INDIVIDUALS ARE PROVIDED MANY JOB ASSIGNMENTS TO ASSIST WITH DEVELOPMENT OF SKILLS AND ENCOURAGE FLEXIBILITY. THIS PROGRAM PREPARES INDIVIDUALS FOR COMMUNITY EMPLOYMENT.

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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 $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

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

252

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

$132,785

Total Directors

Key Employees

Highest Compensated

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