KERNEL PRESS INC (EIN 610719986) - 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

1971

Legal Domicile

Principal Officer

DUANE BONIFER

Phone

8592576524

Tax Period

2020-07-01 to 2021-06-30

KERNEL PRESS INC, founded in 1971, is a micro nonprofit that reported $59K in total revenue in fiscal year 2020. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THIS ORGANIZATION IS TO EDUCATE COLLEGE STUDENTS IN THE AREA OF JOURNALISM THROUGH PUBLICATION AND ADVERTISING SALES ASSIGNMENTS FOR A CAMPUS NEWSPAPER.

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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 $0

Program Service Revenue $59,437

Investment Income $0

Other Revenue $0

TOTAL REVENUE $59,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,499

Fundraising Expenses $0

Program Expenses $57,733

Other Expenses $20,131

TOTAL EXPENSES $67,630

Year-over-Year Comparison

	2020	2019	Change
Revenue	$59,437	$99,802	-0.4%
Expenses	$67,630	$125,419	-0.5%
Net Income	$-8,193	$-25,617	-0.7%

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

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

$529,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUANE BONIFER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREG HALL	MEMBER	1.00	Director	$0	$0	$79,716
JACK GUTHRIE	MEMBER	1.00	Director	$0	$0	$0
MARY BARTON	MEMBER	1.00	Director	$0	$0	$43,493
MARY BOLIN	MEMBER	1.00	Director	$0	$0	$130,808
MIKE FARRELL	MEMBER	1.00	Director	$0	$0	$111,401
RYAN CRAIG	MEMBER	1.00	Director	$0	$0	$75,000
SCOOBIE RYAN	MEMBER	1.00	Director	$0	$0	$89,249
TOM CAUDILL	MEMBER	1.00	Director	$0	$0	$0
TRACY STALEY	SECRETARY	1.00	Officer Director	$0	$0	$0
RACHAEL ARETAKIS	MEMBER	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
2021	$59,437	$67,630	$934	$-8,193
2020	$99,802	$125,419	$9,127	$-25,617
2019	$123,283	$137,829	$34,744	$-14,546
2018	$185,695	$240,432	$56,810	$-54,737

KERNEL PRESS INC