The K16 Ready Society Inc (EIN 453141293) - 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

2012

Legal Domicile

Principal Officer

Director

Phone

2149086766

Tax Period

2023-09-01 to 2024-08-31

The K16 Ready Society Inc, founded in 2012, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.4M exceeded revenue, resulting in a 47% operating deficit.

Mission

The organization is to provide therapy and guidance services to students and youth of the state of Texas.

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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 $0

Program Service Revenue $1,591,989

Investment Income $13,525

Other Revenue $1,721

TOTAL REVENUE $1,607,235

Expense Breakdown

Grants Paid $218,274

Salaries & Benefits $1,067,141

Fundraising Expenses $0

Program Expenses $1,233,743

Other Expenses $1,077,327

TOTAL EXPENSES $2,362,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,607,235	$1,360,066	+0.2%
Expenses	$2,362,742	$1,015,476	+1.3%
Net Income	$-755,507	$344,590	-3.2%

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

Volunteers

N/A

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

$198,593

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Markee Baskerville	Director	Director	$106,311	$0	$106,311
Vernon Wilson	Director	Director	$92,282	$0	$92,282
Felecia McKinney Bryant	guidance counselor		$55,227	$0	$55,227
Christopher Hayton	office manager		$55,157	$0	$55,157
Vanessa Butler	guidance counselor		$43,125	$0	$43,125
James S Lemons	guidance counselor		$40,081	$0	$40,081
Kevin McGee	Office Worker		$38,625	$0	$38,625
Matthew Wilson	Director	Director	$0	$0	$0
Nancy Wilson	Secretary	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	$1,607,235	$2,362,742	$539,060	$-755,507
2023	$1,360,066	$1,015,476	$1,369,953	$344,590
2022	$578,479	$576,567	$1,012,888	$1,912
2021	$744,134	$530,606	$1,047,157	$213,528
2020	$701,426	$542,075	$715,076	$159,351

The K16 Ready Society Inc