Kappa Alpha Educational Foundation (EIN 510345522) - 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

1960

Legal Domicile

Principal Officer

Gary Cloud

Phone

3025256620

Tax Period

2023-01-01 to 2023-12-31

Kappa Alpha Educational Foundation, founded in 1960, is a small nonprofit that reported $153K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 49% operating margin.

Mission

Students granted affordable housing for quest of undergraduate degrees at University of DE.

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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 $1,650

Program Service Revenue $151,595

Investment Income $0

Other Revenue $0

TOTAL REVENUE $153,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,726

Other Expenses $77,726

TOTAL EXPENSES $77,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$153,245	$109,973	+0.4%
Expenses	$77,726	$75,755	+0.0%
Net Income	$75,519	$34,218	+1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Cloud	President	4.00	Officer Director	$0	$0	$0
Mike Wedlick	Vice President	4.00	Officer Director	$0	$0	$0
Gary Griffith	Treasurer	4.00	Officer Director	$0	$0	$0
Mike Lagana	Secretary	4.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$153,245	$77,726	$644,378	$75,519
2022	$109,973	$75,755	$614,866	$34,218
2021	$99,131	$81,226	$609,275	$17,905
2020	$87,830	$103,575	$625,087	$-15,745
2019	$65,686	$101,442	$657,042	$-35,756
2018	$111,638	$105,154	$715,115	$6,484

Kappa Alpha Educational Foundation