KOINONIA FOUNDATION INC

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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

1966

Legal Domicile

Principal Officer

LARA WALT

Phone

7039711991

Tax Period

2023-07-01 to 2024-06-30

KOINONIA FOUNDATION INC, founded in 1966, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE SHORT TERM EMERGENCY ASSISTANCE AND SELF-SUFFICENCY SERVICES TO THE RESIDENTS OF THE GREATER KINGSTOWNE/FRANCONIA AREA. WE PROVIDE EMERGENCY ASSISTANCE WITH FOOD, CLOTHING AND A FINANCIAL SAFETY NET. WE ALSO OFFER COUNSELING AND EDUCATION TO BREAK THE CYCLE OF POVERTY.

Program Service Accomplishments

Program 1

Expenses: $1,264,231

THE EMERGENCY RELIEF SERVICES (ERS) IS AT THE CORE OF KOINONIA'S MISSION. KOINONIA, ON AN EVERYDAY BASIS, HELPS INDIVIDUALS AND FAMILIES OVERCOME SHORT-TERM OBSTACLES IN THEIR LIVES. KOINONIA...

THE EMERGENCY RELIEF SERVICES (ERS) IS AT THE CORE OF KOINONIA'S MISSION. KOINONIA, ON AN EVERYDAY BASIS, HELPS INDIVIDUALS AND FAMILIES OVERCOME SHORT-TERM OBSTACLES IN THEIR LIVES. KOINONIA PROVIDES LIFE-SAVING AND LIFE-CHANGING ASSISTANCE THAT KEEPS POVERTY AT BAY IN THE LIVES OF OUR CLIENTS AND ULTIMATELY STABILIZES OUR COMMUNITY. ERS OPERATES A FOOD PANTRY AND PROVIDES BASIC FOOD PRODUCTS ON A MONTHLY BASIS. ERS ALSO OPERATES A CLOTHING CLOSET WHERE CLIENTS ARE ENCOURAGED TO SELECT CLOTHING AND HOUSEHOLD ITEMS IN AN EFFORT TO HELP RELIEVE MONEY OTHERWISE SPENT ON CLOTHING AND/OR HOUSEHOLD ITEMS. FINALLY ERS OFFERS FINANCIAL ASSISTANCE TO COVER NEEDED RENTAL OR UTILITY NEEDS, OR PRESCRIPTION DRUGS; AND A SELF-SUFFICIENCY PLAN CREATED BY BOTH THE CLIENT AND KOINONIA STAFF IN WHICH GOALS ARE IDENTIFIED AND A TIMELINE IS ARRANGED.

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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 $1,175,147

Program Service Revenue $0

Investment Income $14,626

Other Revenue $-2,253

TOTAL REVENUE $1,187,520

Expense Breakdown

Grants Paid $1,069,080

Salaries & Benefits $173,639

Fundraising Expenses $12,139

Program Expenses $1,264,231

Other Expenses $72,833

TOTAL EXPENSES $1,315,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,187,520	$1,258,242	-0.1%
Expenses	$1,315,552	$946,470	+0.4%
Net Income	$-128,032	$311,772	-1.4%

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

128

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
JEAN TERRILL	SECRETARY	0.46	Officer Director	$0	$0	$0
LARA WALT	CHAIR	3.17	Officer Director	$0	$0	$0
JAN VACCA-LEBOEUF	TREASURER	2.75	Officer Director	$0	$0	$0
TIM GRANT	DIRECTOR	0.69	Director	$0	$0	$0
KATHLEEN AMBROSO	DIRECTOR	0.92	Director	$0	$0	$0
ANNE HEDLEY	DIRECTOR	0.46	Director	$0	$0	$0
BILL SNYDER	VICE CHAIR	1.38	Officer Director	$0	$0	$0
DEBORAH MOORE	DIRECTOR	0.46	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	$1,187,520	$1,315,552	$879,717	$-128,032
2023	$1,258,242	$946,470	$1,013,020	$311,772
2022	$2,396,879	$2,427,757	$694,505	$-30,878
2021	$815,342	$1,285,132	$684,616	$-469,790
2020	$1,491,571	$573,216	$1,161,133	$918,355
2019	$435,133	$420,619	$240,317	$14,514