Kappa Alpha Psi Foundation of Metro Balt Inc (EIN 521944540) - 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

1994

Legal Domicile

Principal Officer

ART VARNADO

Tax Period

2023-10-01 to 2024-09-30

Kappa Alpha Psi Foundation of Metro Balt Inc, founded in 1994, is a small nonprofit in the Education sector that reported $329K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 33% operating margin.

Mission

TO PROMOTE AND PROVIDE SUPPORT ASSISTANCE TO SENIORS AND THE ELDERLY TO PROVIDE SCHOLARSHIPS AND SUPPORT TO STUDENTS ATTENDING COLLEGES, AND UNIVERSITIES TO PROVIDE SUPPLIES TO STUDENTS AND TO PROVIDE SUPPORT TO YOUTH IN THE COMMUNITY.

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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 $207,031

Program Service Revenue $0

Investment Income $12,538

Other Revenue $108,997

TOTAL REVENUE $328,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,164

Program Expenses $33,615

Other Expenses $220,545

TOTAL EXPENSES $220,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$328,566	$271,566	+0.2%
Expenses	$220,545	$128,450	+0.7%
Net Income	$108,021	$143,116	-0.2%

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
DONALD SMITH	BOARD MEMBER	005.00	Director	$0	$0	$0
LLOYD BUCKNER	BOARD MEMBER	005.00	Director	$0	$0	$0
MARK BROWN	BOARD MEMBER	005.00	Director	$0	$0	$0
CHARLES HARRIS	BOARD MEMBER	005.00	Director	$0	$0	$0
DEVRON DICKENS	BOARD MEMBER	005.00	Director	$0	$0	$0
VALLEN EMERY	BOARD MEMBER	005.00	Director	$0	$0	$0
JUSTIN HUNT	BOARD MEMBER	005.00	Director	$0	$0	$0
JOHNNY RICE	BOARD MEMBER	005.00	Director	$0	$0	$0
TURNER RASCOE	BOARD MEMBER	005.00	Director	$0	$0	$0
KEVIN CLARK	BOARD MEMBER	005.00	Director	$0	$0	$0
TEDDY GARRETT	PRESIDENT	005.00	Officer	$0	$0	$0
WIL GILES	VICE PRESIDENT	005.00	Officer	$0	$0	$0
ART VARNADO	TREASURER	005.00	Officer	$0	$0	$0
DONAE FLUITT	SECRETARY	005.00	Officer	$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	$328,566	$220,545	$790,420	$108,021
2023	$271,566	$128,450	$682,399	$143,116
2022	$182,804	$133,861	$682,153	$48,943
2021	$173,106	$132,683	$685,989	$40,423
2020	$226,401	$125,447	$722,427	$100,954

Kappa Alpha Psi Foundation of Metro Balt Inc