KIWANIS FOUNDATION OF TOPSAIL ISLA… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

LISA BROWN

Phone

6174132859

Tax Period

2025-01-01 to 2025-12-31

KIWANIS FOUNDATION OF TOPSAIL ISLAND, founded in 2001, is a micro nonprofit in the Human Services sector that reported $25K in total revenue in fiscal year 2025. Revenue surged 2250% from the prior year, signaling strong growth momentum. Expenses of $29K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO RAISE FUNDS TO HELP SUPPORT THE MISSION OF THE KIWANIS CLUB OF TOPSAIL ISLAND AREA

Program Service Accomplishments

Program 1

Expenses: $15,000 Revenue: $0

AWARDED SCHOLARSHIPS TO LOCAL STUDENTS & COLLEGES. THESE SCHOLARSHIPS RECOGNIZE ACADEMIC ACHEIVENMENT AND SERVICE.

Program 2

Expenses: $5,000 Revenue: $0

KAY KIDS PROGRAM, WE PROVIDE FUNDS TO SCHOOLS TO PURCHASE ITEMS NEEDED BY THE TEACHERS THAT THE SCHOOLS DONT PROVIDE

Program 3

Expenses: $6,500 Revenue: $0

SUPPORTING LOCAL PROJECTS

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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 (2025)

Revenue Breakdown

Contributions & Grants $11,801

Program Service Revenue $0

Investment Income $13,088

Other Revenue $0

TOTAL REVENUE $24,889

Expense Breakdown

Grants Paid $26,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,500

Other Expenses $2,398

TOTAL EXPENSES $28,898

Year-over-Year Comparison

	2025	2024	Change
Revenue	$24,889	$1,059	+22.5%
Expenses	$28,898	$23,474	+0.2%
Net Income	$-4,009	$-22,415	-0.8%

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

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	Role	Reportable Comp	Other Comp	Total
JOHN BURKE	PRESIDENT	Officer Director	$0	$0	$0
LISA BROWN	TREASURER	Officer Director	$0	$0	$0
JOHN PATRIZI	SECRETARY/VP	Officer Director	$0	$0	$0
DON SHADWELL	DIRECTOR	Director	$0	$0	$0
BUDDY FOWLER	DIRECTOR	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	$24,889	$28,898	$551,301	$-4,009
2024	$1,059	$23,474	$512,091	$-22,415
2023	$23,063	$21,115	$470,395	$1,948
2022	$-22,486	$14,868	$437,053	$-37,354

KIWANIS FOUNDATION OF TOPSAIL ISLAND