KRHA EDUCATIONAL FOUNDATION

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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

Adam R Mills

Phone

3162678383

Tax Period

2024-01-01 to 2024-12-31

KRHA EDUCATIONAL FOUNDATION, founded in 1996, is a small nonprofit in the Education sector that reported $247K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $213K left a modest 14% surplus.

Mission

Enhance the hospitality industry's service to its members and the general public through education, community engagement and promotion of career opportunities. Provide assistance to schools and the hospitality industry with mentoring, training, equipment and expenses to further knowledge in food service and hospitality management.

Program Service Accomplishments

Program 1

Expenses: $174,998 Revenue: $3,500

Establish and maintain a school to Career program in high schools and vo-tech schools for students interested in a career in the hospitality industry

Program 2

Expenses: $11,110 Revenue: $15,263

Provide training to owners, employees, and educators in the restaurant and hospitality industry.

Program 3

Expenses: $3,201 Revenue: $0

Maintain industry safety initiative, empowering consumers and the hospitality industry to prioritize food and occupational safety as an integral factor of dining out.

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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 $121,400

Program Service Revenue $18,763

Investment Income $24,559

Other Revenue $82,144

TOTAL REVENUE $246,866

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $120,858

Fundraising Expenses $0

Program Expenses $189,309

Other Expenses $87,062

TOTAL EXPENSES $212,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,866	$219,340	+0.1%
Expenses	$212,920	$200,994	+0.1%
Net Income	$33,946	$18,346	+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

$489,424

Total Directors

$3,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Mills	President/CEO	0.5	Officer	$0	$38,432	$291,403
Sheila Thomas	VP Finance/CFO	3.0	Officer	$7,175	$34,314	$198,021
Travis Sartain	Member Services Representative	0.35	Highest	$0	$6,832	$178,712
Joseph D Wolfe	Member Services Representative	0.35	Highest	$0	$22,487	$129,707
Joshua L Sears	VP Risk Management	40	Highest	$0	$31,265	$128,894
Dale Schmitt	Board Member	0.12	Director	$0	$0	$3,200
Kevin Timmons	Board Member	0.12	Director	$0	$0	$0
Hugh O'Reilly	Board Member	0.5	Director	$0	$0	$0
John Arnold	Board Member	0.12	Director	$0	$0	$0
Scott Redler	Board Member	0.12	Director	$0	$0	$0
Mario Quiroz	Board Member	0.12	Director	$0	$0	$0
Jen Ray	Board Member	0.12	Director	$0	$0	$0
Timerie Shibley	Board Member	0.12	Director	$0	$0	$0
Robert Little	Board Chair	0.12	Director	$0	$0	$0
Patrick Schreiner	Board Member	0.12	Director	$0	$0	$0
Tony Sullentrop	Board Member	0.12	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	$246,866	$212,920	$637,289	$33,946
2023	$219,340	$200,994	$586,332	$18,346
2022	$210,189	$218,682	$533,052	$-8,493
2021	$285,616	$256,577	$665,982	$29,039
2020	$235,049	$179,796	$641,556	$55,253