Kingsway Charities Inc (EIN 541668650) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

James Gregory

Tax Period

2023-01-01 to 2023-12-31

Kingsway Charities Inc, founded in 1993, is a mid-sized nonprofit in the International Affairs sector that reported $47.2M in total revenue in fiscal year 2018. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $43.2M left a modest 8% surplus.

Mission

The primary purpose of the organization is to supply medications and medical supplies to medical mission teams traveling worldwide.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,574,045

Program Service Revenue $146,789

Investment Income $-642,027

Other Revenue $224,111

TOTAL REVENUE $15,302,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $638,797

Fundraising Expenses $0

Program Expenses $11,568,029

Other Expenses $11,208,771

TOTAL EXPENSES $11,847,568

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,302,918	$17,495,514	-0.1%
Expenses	$11,847,568	$35,824,611	-0.7%
Net Income	$3,455,350	$-18,329,097	-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

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

$143,808

Total Directors

$66,977

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Ann Blessing	President	40.00	Officer	$143,808	$0	$143,808
MaryBeth Blessing	Dir	40.00	Director	$66,977	$0	$66,977
Susan Gregory Sorrell	Dir	1.00	Director	$0	$0	$0
Jordan Gregory	Dir	1.00	Director	$0	$0	$0
Kay Barker	Dir	1.00	Director	$0	$0	$0
Benjamin Blessing	Dir	1.00	Director	$0	$0	$0
Jefferson Gregory	Dir	1.00	Director	$0	$0	$0
Joseph Gregory	Dir	1.00	Director	$0	$0	$0
Herschel Blessing	Dir	1.00	Director	$0	$0	$0
Joan Gregory	Dir	1.00	Director	$0	$0	$0
John Gregory	Chairman Emeritus	4.00	Officer	$0	$0	$0
Greg Tebeau	Treasurer	4.00	Officer	$0	$0	$0
James Gregory	Chairman	4.00	Officer	$0	$0	$0
Gregory Jones	Secretary	4.00	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	No data	No data	No data	No data
2023	$15,302,918	$11,847,568	$7,803,791	$3,455,350
2022	$17,495,514	$35,824,611	$4,340,707	$-18,329,097
2021	$63,381,174	$67,671,580	$22,739,501	$-4,290,406
2020	$125,538,803	$119,411,118	$26,973,681	$6,127,685
2019	$128,891,638	$131,018,518	$23,085,186	$-2,126,880
2018	$47,195,429	$43,229,162	$23,385,555	$3,966,267

Kingsway Charities Inc