KARIS PROJECT (EIN 452970811) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

TERI SUMEY

Phone

5402484511

Tax Period

2023-01-01 to 2023-12-31

KARIS PROJECT, founded in 2011, is a micro nonprofit in the Community Improvement sector that reported $72K in total revenue in fiscal year 2020. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $66K left a modest 8% surplus.

Mission

KARIS IS A NON-PROFIT ORGANIZATION COMMITTED OUT OF GRATITUDE FOR GOD'S GRACE AND LOVE, TO HELP OTHERS WITH KINDNESS, LOVE AND COMPASSION BY OFFERING A CARING PLACE THAT FOSTERS CHANGES IN THE LIVES OF PEOPLE IN RESPONSE TO GOD'S CREATIVE WORK IN US.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $82,750

Program Service Revenue $0

Investment Income $0

Other Revenue $89,692

TOTAL REVENUE $172,442

Expense Breakdown

Grants Paid $88,111

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $152,414

Other Expenses $64,303

TOTAL EXPENSES $152,414

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,442	$110,429	+0.6%
Expenses	$152,414	$80,937	+0.9%
Net Income	$20,028	$29,492	-0.3%

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

N/A

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
TERI SUMEY	CHAIRPERSON	15.00	Officer Director	$0	$0	$0
MILLARD DRIVER	SECRETARY	8.00	Officer Director	$0	$0	$0
DENNIS MILLER	TREASURER	12.00	Officer Director	$0	$0	$0
JOYCE HAM	DIRECTOR	8.00	Director	$0	$0	$0
LINDA GREENE	DIRECTOR	10.00	Director	$0	$0	$0
LINDA SCROGHAM	DIRECTOR	8.00	Director	$0	$0	$0
HOLLY RUFF	DIRECTOR	8.00	Director	$0	$0	$0
RENEA HARLOW	DIRECTOR	8.00	Director	$0	$0	$0
JERRY BRUNK	DIRECTOR	15.00	Director	$0	$0	$0
CATHY KUHLMANN	DIRECTOR	10.00	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
2024	No data	No data	No data	No data
2023	$172,442	$152,414	$90,337	$20,028
2022	$110,429	$80,937	$70,050	$29,492
2021	$102,466	$95,021	$41,993	$7,445
2020	$71,760	$66,047	$32,693	$5,713

KARIS PROJECT