THE KANAKUK INSTITUTE (EIN 431926319) - 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

2001

Legal Domicile

Principal Officer

KEITH CHANCEY

Phone

4172663291

Tax Period

2023-07-01 to 2024-06-30

THE KANAKUK INSTITUTE, founded in 2001, is a community nonprofit in the Religion sector that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE INSTRUCTION TO STUDENTS SEEKING AN EDUCATION IN CHRISTIAN MINISTRY.

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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 $1,125,035

Program Service Revenue $1,339,331

Investment Income $1,139

Other Revenue $0

TOTAL REVENUE $2,465,505

Expense Breakdown

Grants Paid $56,540

Salaries & Benefits $1,165,604

Fundraising Expenses $61,871

Program Expenses $2,118,083

Other Expenses $1,363,786

TOTAL EXPENSES $2,585,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,465,505	$3,494,444	-0.3%
Expenses	$2,585,930	$2,585,638	+0.0%
Net Income	$-120,425	$908,806	-1.1%

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

$485,287

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH CHANCEY	PRESIDENT	40.00	Officer	$166,782	$113,547	$280,329
CHAD HAMPSCH	VICE PRES/TR	40.00	Officer	$99,578	$105,380	$204,958
DR LYNN STUCKY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RICHARD SMITH	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
DOUG GOODWIN	SECRETARY	2.00	Officer Director	$0	$0	$0
RON BALDWIN	DIRECTOR	2.00	Director	$0	$0	$0
RICK ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE SOLLEY	DIRECTOR	2.00	Director	$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
2025	No data	No data	No data	No data
2024	$2,465,505	$2,585,930	$5,077,429	$-120,425
2023	$3,494,444	$2,585,638	$5,085,799	$908,806
2022	$1,988,765	$1,868,922	$1,515,846	$119,843
2020	$999,644	$762,814	$1,643,857	$236,830
2019	$1,478,817	$1,739,389	$1,032,937	$-260,572
2018	$1,551,875	$1,541,037	$1,041,420	$10,838

THE KANAKUK INSTITUTE