DELMAR KIWANIS FOUNDATION LTD

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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

2003

Legal Domicile

Principal Officer

CHRISTOPHER THORSEN

Phone

5183578925

Tax Period

2021-10-01 to 2022-09-30

DELMAR KIWANIS FOUNDATION LTD, founded in 2003, is a micro nonprofit that reported $2K in total revenue in fiscal year 2021. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $8K exceeded revenue, resulting in a 420% operating deficit.

Mission

The Purpose of Kiwanis, To Improve the quality of Life for Children and Families worldwide. As a thriving organization of men, women, and youth, we are dedicated to serving the children of the world and improving the quality of life worldwide. Being committed to this mission calls each of us to live by the following objects of Kiwanis:To give primacy to the human and spiritual, rather than to the material values of life. To encourage the daily living of the Golden Rule in all human relationships. To promote the adoption and the application of higher social, business, and professional standards. To develop, by precept and example, a more intelligent, aggressive, and serviceable citizenship. To provide, through Kiwanis clubs, a practical means to form enduring friendships, to render altruistic service, and to build better communities. To cooperate in creating and maintaining that sound public opinion and high idealism, which makes possible the increase of righteousness

Program Service Accomplishments

Program 1

Supported the Kiwanis Pediatric Trauma Program at the Albany Medical Center. This club and it's related youth groups raised monies through our annual golf tournament.

Program 2

Expenses: $5,550 Revenue: $1,595

PAYMENTS TO AFFILIATED YOUTH SERVICE ORGANIZATIONS, BETHLEHEM CENTRAL KEY CLUB, ALBANY ACADEMY KEY CKUB AND SUNY ALBANY CIRCLE K CLUB.

Program 3

Expenses: $1,308

DONATION TO ALBANY MEDICAL CENTER'S CHILDREN EMERGENCY DEPARTMENT

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,595

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,858

Other Expenses $8,292

TOTAL EXPENSES $8,292

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,595	$7,305	-0.8%
Expenses	$8,292	$5,943	+0.4%
Net Income	$-6,697	$1,362	-5.9%

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

N/A

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 WARREN	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTOPHER THORSEN	PRESIDENT	10.00	Officer	$0	$0	$0
KERRY DOUGLAS-DUFFY	SECRETARY	10.00	Officer	$0	$0	$0
RICHARD STURM	TREASURER	5.00	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
2022	$1,595	$8,292	No data	$-6,697
2021	$7,305	$5,943	$6,897	$1,362
2020	$4,689	$6,178	$5,535	$-1,489
2019	$20,777	$22,221	$7,024	$-1,444