KANUGA ENDOWMENT 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

1991

Legal Domicile

Principal Officer

MICHAEL SULLIVAN

Phone

8286929136

Tax Period

2020-01-01 to 2020-12-31

KANUGA ENDOWMENT INC, founded in 1991, is a small nonprofit that reported $539K in total revenue in fiscal year 2020. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $5.1M exceeded revenue, resulting in a 844% operating deficit.

Mission

TO PROVIDE FINANCIAL STABILITY AND SECURITY OF KANUGA CONFERENCES, INC., THE PRESERVATION AND IMPROVEMENT OF ITS PROPERTY, THE DEVELOPMENT OF ITS PROGRAMS, AND TO INSURE ADEQUATE SCHOLARSHIP RESOURCES FOR ITS PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $5,057,123

SOLICITING, MANAGING, AND INVESTING CONTRIBUTIONS TO KANUGA TO PROVIDE FOR THE FINANCIAL STABILITY AND SECURITY OF KANUGA CONFERENCES, INC. HELPED FUND PROGRAMS FOR KANUGA CONFERENCES IN 2020 IN THE AMOUNT OF $372,000. CONTRIBUTED FUNDS SUPPORTED THE FOLLOWING:OUTREACH EFFORTS, YOUTH PROGRAMS, LIBRARY UPKEEP, GUEST PERIOD CHAPLAINS, MAINTAINANCE OF KANUGA FACILITIES AND GROUNDS, PROGRAM SCHOLARSHIPS AND THE ONGOING DEVELOPMENT OF KANUGACONFERENCES.BOARD RESTRICTED ENDOWMENT CONTRIBUTIONS IN THE AMOUNT OF $4,685,123 WERE RELEASED FROM RESTRICTION FOR DEBT SERVICE FOR PROPERTY IMPROVEMENTS. APPROVED 2020 SUPPORT OF KANUGA CONFERENCES, INC.OPERATIONSPROGRAM:ADULT PROGRAMS 98,370YOUTH PROGRAMS 55,900CAMP KANUGA 12,240CAMP BOB 32,080ACTIVITIES 1,460PROPERTY 130,420DEBT SERVICE FOR PROPERTY IMPROVEMENTS 4,685,123BOARD OF DIRECTORS 8,550SCHOLARSHIPS 15,430ADVANCEMENT 13,550OUTREACH 4,000TOTAL USE OF FUNDS: 5,057,123DURING DECEMBER OF 2020 THE ORGANIZATION MERGED WITH KANUGA CONFERENCES, INC.

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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 (2020)

Revenue Breakdown

Contributions & Grants $11,053

Program Service Revenue $0

Investment Income $528,351

Other Revenue $0

TOTAL REVENUE $539,404

Expense Breakdown

Grants Paid $5,057,123

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,057,123

Other Expenses $33,455

TOTAL EXPENSES $5,090,578

Year-over-Year Comparison

	2020	2019	Change
Revenue	$539,404	$1,096,096	-0.5%
Expenses	$5,090,578	$562,753	+8.0%
Net Income	$-4,551,174	$533,343	-9.5%

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

$478,128

Total Directors

$253,320

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SULLIVAN	PRESIDENT	1.00	Officer Director	$0	$109,166	$253,320
JONATHAN ENGRAM	CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIAM COKER	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
HODGE ALVES	DIRECTOR	1.00	Director	$0	$0	$0
TRONE SAWYER	DIRECTOR	1.00	Director	$0	$0	$0
MARSHALL STUCKEY	DIRECTOR	1.00	Director	$0	$0	$0
DEREK STAPLETON	SECRETARY/TREASURER (JAN - AUG)	1.00	Officer	$0	$14,932	$123,786
MIRIAM WALSH	SECRETARY/TREASURER (SEP - DEC)	1.00	Officer	$0	$34,394	$101,022

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
2020	$539,404	$5,090,578	No data	$-4,551,174
2020	$539,404	$5,090,578	$5,265,031	$-4,551,174
2019	$1,096,096	$562,753	$9,614,528	$533,343
2018	$760,716	$550,572	$8,782,337	$210,144