K-C 1061 INC (EIN 436053321) - 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

1969

Legal Domicile

Principal Officer

CLIFFORD OSWALD

Phone

6608826167

Tax Period

2024-01-01 to 2024-12-31

K-C 1061 INC, founded in 1969, is a micro nonprofit in the Recreation & Sports sector that reported $56K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $64K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDING A COMMUNITY CENTER

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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 $1,020

Program Service Revenue $36,011

Investment Income $198

Other Revenue $18,325

TOTAL REVENUE $55,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,762

Other Expenses $63,762

TOTAL EXPENSES $63,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,554	$43,770	+0.3%
Expenses	$63,762	$52,918	+0.2%
Net Income	$-8,208	$-9,148	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG HAMPTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CLIFFORD OSWALD	TREASURERBOARD MEMBER	6.00	Officer Director	$0	$0	$0
DARRYL HARRIS	PRESIDENT	4.00	Officer	$0	$0	$0
RICHARD KUSTER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ALAN LAMMERS	SECRETARY	1.00	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
2025	No data	No data	No data	No data
2024	$55,554	$63,762	$396,151	$-8,208
2023	$43,770	$52,918	$393,285	$-9,148
2022	$36,669	$50,247	$390,427	$-13,578
2021	$28,011	$44,807	$426,447	$-16,796
2020	$27,097	$53,933	$428,488	$-26,836
2019	$56,528	$64,766	$446,268	$-8,238
2018	$53,935	$65,360	$434,443	$-11,425

K-C 1061 INC