Kula Project Inc (EIN 455273875) - 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

2012

Legal Domicile

Principal Officer

Nicholas Lauten

Phone

9162171325

Tax Period

2024-01-01 to 2024-12-31

KULA PROJECT INC, founded in 2012, is a small nonprofit in the Environment sector that reported $370K in total revenue in fiscal year 2018. Expenses of $415K exceeded revenue, resulting in a 12% operating deficit.

Mission

Kula exists to eradicate poverty through the development of entrepreneurs (continued on Schedule O) in Rwanda's coffee communities. We operate at the intersection of economic development, environmental sustainability, and gender equality, providing a poverty graduation model that joins regenerative agriculture support with entrepreneurial development and business coaching, empowering coffee farmers to increase their household income and move out of extreme poverty and into a life of prosperity, vision, agency, and hope.

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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 (2024)

Revenue Breakdown

Contributions & Grants $985,136

Program Service Revenue $0

Investment Income $2,344

Other Revenue $17,484

TOTAL REVENUE $1,004,964

Expense Breakdown

Grants Paid $420,833

Salaries & Benefits $294,360

Fundraising Expenses $155,666

Program Expenses $578,241

Other Expenses $158,802

TOTAL EXPENSES $873,995

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,004,964	$622,797	+0.6%
Expenses	$873,995	$767,538	+0.1%
Net Income	$130,969	$-144,741	-1.9%

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

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

$98,850

Total Directors

$98,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nic Lauten	Board Chair and Executive Director	45.00	Officer Director	$92,250	$6,600	$98,850
Rebecca Pape	Board Member	1.00	Director	$0	$0	$0
Zane Wilemon	Board Member	1.00	Director	$0	$0	$0
Caroline Numuhire	Board Member	1.00	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	$1,004,964	$873,995	$558,064	$130,969
2023	$622,797	$767,538	$417,610	$-144,741
2022	$899,916	$828,996	$548,779	$70,920
2021	$916,217	$749,468	$444,774	$166,749
2020	$776,370	$644,068	$302,383	$132,302
2018	$369,960	$415,041	$41,997	$-45,081

Kula Project Inc