KITHARA PROJECT INC (EIN 473559665) - 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

2015

Legal Domicile

Principal Officer

FAITH MCCOY SCRIVEN

Phone

8477328058

Tax Period

2024-09-01 to 2025-08-31

KITHARA PROJECT INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $351K in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 43% operating margin.

Mission

KITHARA PROJECT IS A COLLECTIVE OF INTERNATIONALLY ACCLAIMED CLASSICAL GUITARISTS WITH THE MISSION OF BRINGING THE GUITAR TO GLOBAL COMMUNITIES WITH LIMITED ACCESS TO LIVE MUSIC AND MUSIC EDUCATION. THE GUITAR IS UNIQUE IN ITS ABILITY TO APPEAL TO PEOPLE OF ALL AGES, CULTURES AND BACKGROUNDS. THROUGH PERFORMANCES, WORKSHOPS, AND PARTNERSHIPS, KITHARA PROJECT INSPIRES SELF-DISCOVERY BY MEANS OF MUSICAL EXPRESSION AND PROMOTES VIBRANT AND SUSTAINABLE ARTISTIC COMMUNITIES.

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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 $350,515

Program Service Revenue $0

Investment Income $152

Other Revenue $0

TOTAL REVENUE $350,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,033

Fundraising Expenses $30,498

Program Expenses $138,017

Other Expenses $93,104

TOTAL EXPENSES $199,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$350,667	$189,277	+0.9%
Expenses	$199,137	$184,263	+0.1%
Net Income	$151,530	$5,014	+29.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHONG HOANG	DIRECTOR	1.00	Director	$0	$0	$0
MADELEINE KNUTSON	TREASURER	1.00	Officer Director	$0	$0	$0
DANIKA KOENIG	SECRETARY	1.00	Officer Director	$0	$0	$0
RUBEN NIESVIZKY	DIRECTOR	1.00	Director	$0	$0	$0
FAITH MCCOY SCRIVEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL SHUGRUE	DIRECTOR	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
2025	$350,667	$199,137	$231,560	$151,530

KITHARA PROJECT INC