Kraken Volleyball Club

EIN: 464274659 501(c)(3)

Auburn, WA

Total Revenue
$685,331
Total Expenses
$906,142
Total Assets
$184,348
Net Assets
$-130,054
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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
2013
Legal Domicile
WA
Principal Officer
JARED D WALTERS
Phone
4252432719
Tax Period
2019-10-01 to 2020-09-30

Kraken Volleyball Club, founded in 2013, is a small nonprofit that reported $685K in total revenue in fiscal year 2019. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $906K exceeded revenue, resulting in a 32% operating deficit.

Mission

Kraken provides education training and competition opportunities for the youth and adults of the Puget Sound area in Volleyball

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $685,331
Investment Income $0
Other Revenue $0
TOTAL REVENUE $685,331

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $96,142
Other Expenses $906,142
TOTAL EXPENSES $906,142

Year-over-Year Comparison

2019 2018 Change
Revenue $685,331 $976,710 -0.3%
Expenses $906,142 $958,030 -0.1%
Net Income $-220,811 $18,680 -12.8%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JARED D WALTERS President N/A
Director
$0 $0 $0
NESA LEMALU Director N/A
Director
$0 $0 $0
FAY N LABAN Director N/A
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
2020 $685,331 $906,142 $184,348 $-220,811
2019 $976,710 $958,030 $343,049 $18,680
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