NORTH KANSAS CITY SCHOOLS EDUCATIO… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

MIDORI CARPENTER

Phone

8163215550

Tax Period

2024-07-01 to 2025-06-30

NORTH KANSAS CITY SCHOOLS EDUCATION FOUNDATION, founded in 1996, is a small nonprofit in the Education sector that reported $758K in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $122K, a strong 16% operating margin.

Mission

ENGAGING OUR COMMUNITIES TO SUPPORT AND FUND EXTRAORDINARY EDUCATIONAL EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $379,401

TEACHER GRANTS/AWARDS AND NKC SCHOOLS SUPPORTTHE EDUCATION FOUNDATION'S GRANT PROGRAM IS NAMED IN HONOR OF DR. DAN KAHLER, A RETIRED PRINCIPAL WHOSE GIFT ESTABLISHED THE GRANT FUND. SINCE 1997, THE EDUCATION FOUNDATION HAS AWARDED 410 GRANTS TO STAFF MEMBERS TOTALING $610,550. STAFF MEMBERS SUBMIT GRANTS THAT DEMONSTRATE CREATIVE AND EFFECTIVE WAYS TO MEET STUDENT NEEDS WHILE INCREASING THEIR ACHIEVEMENT AND MOTIVATION TO LEARN. THE MAJORITY OF FUNDING FOR THESE GRANTS IS RECEIVED, HELD, AND DISTRIBUTED BY THE GREATER KANSAS CITY COMMUNITY FOUNDATION ON BEHALF OF THE EDUCATION FOUNDATION. DUE TO THIS AGREEMENT, WHEREBY GKCCF RETAINS VARIANCE POWER, SOME CONTRIBUTION REVENUE AND EXPENSES FOR AWARDED GRANTS ARE NOT REFLECTED ON THIS RETURN.

Program 2

Expenses: $151,852

SCHOLARSHIPSTOTAL NUMBER OF SCHOLARSHIPS AWARDED BY THE EDUCATION FOUNDATION CONTINUES TO GROW. SENIORS GRADUATING IN 2025 RECEIVED 147 SCHOLARSHIPS WORTH OVER $185,000. THAT BROUGHT THE TOTAL SINCE 2004 TO 1,358 SCHOLARSHIPS TOTALING OVER $1,280,750. THE MAJORITY OF FUNDING FOR THESE SCHOLARSHIPS IS RECEIVED, HELD, AND DISTRIBUTED BY THE GREATER KANSAS CITY COMMUNITY FOUNDATION ON BEHALF OF THE EDUCATION FOUNDATION. DUE TO THIS AGREEMENT, WHEREBY GKCCF RETAINS VARIANCE POWER, SOME CONTRIBUTION REVENUE AND EXPENSES FOR AWARDED SCHOLARSHIPS ARE NOT REFLECTED ON THIS RETURN.

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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 $716,853

Program Service Revenue $0

Investment Income $88,775

Other Revenue $-47,742

TOTAL REVENUE $757,886

Expense Breakdown

Grants Paid $469,826

Salaries & Benefits $0

Fundraising Expenses $52,201

Program Expenses $531,253

Other Expenses $166,216

TOTAL EXPENSES $636,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$757,886	$2,541,052	-0.7%
Expenses	$636,042	$785,986	-0.2%
Net Income	$121,844	$1,755,066	-0.9%

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
SARAH LANG-MCKENNA	CHAIR	1.00	Director	$0	$0	$0
CATHERINE HOLMES	TEACHER OF DISTINCTION	0.50	Director	$0	$0	$0
JENNY JOHNSTON	BUSINESS MEMBER AT LARGE	0.50	Director	$0	$0	$0
MARY DUREN	BUSINESS MEMBER AT LARGE	0.50	Director	$0	$0	$0
JOE JACOBS	BOARD OF EDUCATION LIAISON	0.50	Director	$0	$0	$0
DR LARRY SMITH	STAFF MEMBER AT LARGE	0.50	Director	$0	$0	$0
KRISTIN NIEDERBERGER	COMMUNITY MEMBER AT LARGE	0.50	Director	$0	$0	$0
DR DAN WARTICK	COMMUNITY MEMBER AT LARGE	0.50	Director	$0	$0	$0
HOLLY KADEN	COMMUNITY MEMBER AT LARGE	0.50	Director	$0	$0	$0
JULIE KEILMAN	COMMUNITY MEMBER AT LARGE	0.50	Director	$0	$0	$0
EMILY FUNDERMANN	BUSINESS MEMBER AT LARGE	0.50	Director	$0	$0	$0
TINA WILLIAMS	BUSINESS MEMBER AT LARGE	0.50	Director	$0	$0	$0
MIDORI CARPENTER	EXECUTIVE DIRECTOR	40.00	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	$757,886	$636,042	$2,066,213	$121,844
2024	$2,541,052	$785,986	$1,845,138	$1,755,066
2023	$277,855	$226,812	$106,917	$51,043
2022	$713,654	$696,501	$55,874	$17,153
2021	$420,227	$428,297	$35,875	$-8,070
2020	$361,528	$339,638	$41,584	$21,890
2019	$351,604	$348,933	$18,126	$2,671
2018	$379,300	$391,018	$15,455	$-11,718

NORTH KANSAS CITY SCHOOLS EDUCATION FOUNDATION