KENANSVILLE COMMUNITY ASSOCIATION (EIN 593551864) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

DAVID PALMER

Phone

4079054510

Tax Period

2022-01-01 to 2022-12-31

KENANSVILLE COMMUNITY ASSOCIATION, founded in 1998, is a small nonprofit in the Human Services sector that reported $193K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $222K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE KENANSVILLE COMMUNITY ASSOCIATION, INC. WAS FORMED TO ENHANCE THE QUALITY OF LIFE AND PRESERVE THE RICH HERTIAGE OF THE KENANSVILLE, FLORIDA AREA. THE GOALS AND OBJECTIVES ARE: PRESERVE, RESTORE AND MAINTAIN THE HISTORIC KENANSVILLE SCHOOL BUILDING, POST OFFICE BUILDING AND PROPERTY; PROVIDE ASSISTANCE FOR THE COMMUNITY, ESPECIALLY CHILDREN AND SENIORS; ARRANGE FOR CONTINUED COMMUNICATION AND INTERACTION WITH LOCAL, COUNTY AND STATE OFFICIALS AND PURSUE FUND-RAISING ACTIVITIES, GRANTS AND DONATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $600

Program Service Revenue $190,911

Investment Income $2

Other Revenue $1,086

TOTAL REVENUE $192,599

Expense Breakdown

Grants Paid $100,201

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $167,758

Other Expenses $121,883

TOTAL EXPENSES $222,084

Year-over-Year Comparison

	2022	2021	Change
Revenue	$192,599	$230,638	-0.2%
Expenses	$222,084	$253,572	-0.1%
Net Income	$-29,485	$-22,934	+0.3%

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

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
RANDILEE KUNKLE	TREASURER	10.00	Officer Director	$0	$0	$0
DAVID PALMER	PRESIDENT	15.00	Officer Director	$0	$0	$0
RICK BROWN	DIRECTOR	1.00	Director	$0	$0	$0
FAY VICKERS	DIRECTOR	1.00	Director	$0	$0	$0
STONEY VICKERS	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
CHRISTY BASS	SECRETARY	10.00	Officer Director	$0	$0	$0
SHELLEY HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
JUDY HEATH	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY SAYOC	DIRECTOR	1.00	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
2023	No data	No data	No data	No data
2022	$192,599	$222,084	$523,745	$-29,485
2022	$193,656	$238,894	$507,992	$-45,238
2021	$230,638	$253,572	$553,230	$-22,934
2020	$197,070	$218,890	$576,164	$-21,820
2019	$228,733	$358,105	$597,984	$-129,372
2018	$242,467	$279,388	$730,155	$-36,921

KENANSVILLE COMMUNITY ASSOCIATION