K-CONNECT C/O FUSION BUSINESS SERVICES (EIN 464605245) - 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

2013

Legal Domicile

Principal Officer

SALVADOR LOPEZ

Phone

6162429700

Tax Period

2023-10-01 to 2024-09-30

K-CONNECT C/O FUSION BUSINESS SERVICES, founded in 2013, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $469K, a strong 30% operating margin.

Mission

AIMED AT INCREASING STUDENT ACHIEVEMENT THROUGHOUT KENT COUNTY.

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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 $1,583,438

Program Service Revenue $2,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,585,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $655,264

Fundraising Expenses $38,318

Program Expenses $907,545

Other Expenses $461,229

TOTAL EXPENSES $1,116,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,585,938	$761,725	+1.1%
Expenses	$1,116,493	$1,079,976	+0.0%
Net Income	$469,445	$-318,251	-2.5%

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

198

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

$132,411

Total Directors

$132,411

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALVADOR LOPEZ	PRESIDENT/EXEC DIRECTOR	40.00	Officer Director	$128,336	$4,075	$132,411
VANESSA GREENE	TRUSTEE	1.00	Director	$0	$0	$0
KATE BERENS	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN POLSTON	TRUSTEE	1.00	Director	$0	$0	$0
JACOB MAAS	TRUSTEE	1.00	Director	$0	$0	$0
DIANA SIEGER	TRUSTEE	1.00	Director	$0	$0	$0
STACY STOUT	TRUSTEE	1.00	Director	$0	$0	$0
RANDY THELEN	TRUSTEE	1.00	Director	$0	$0	$0
KRISTA FLYNN	TRUSTEE	2.00	Officer Director	$0	$0	$0
DR BRANDY LOVELADY MITCHELL	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE VAN DYKE	TREASURER	2.00	Director	$0	$0	$0
ANDREW BROWER	CO-CHAIR	1.00	Officer Director	$0	$0	$0
JAMON ALEXANDER	CO-CHAIR	2.00	Officer 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	$1,585,938	$1,116,493	$1,557,681	$469,445
2023	$761,725	$1,079,976	$1,121,329	$-318,251
2022	$539,869	$747,060	$1,867,663	$-207,191
2021	$1,122,990	$537,567	$1,539,980	$585,423
2020	$1,186,270	$889,006	$939,849	$297,264
2019	$865,296	$1,218,381	$674,782	$-353,085
2018	$429,767	$844,727	$1,000,215	$-414,960

K-CONNECT C/O FUSION BUSINESS SERVICES