KARAMU NUTRITION PROGRAM INC (EIN 621510796) - 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

1992

Legal Domicile

Principal Officer

TONY L CORLEY

Phone

9013278401

Tax Period

2023-10-01 to 2024-09-30

KARAMU NUTRITION PROGRAM INC, founded in 1992, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $8.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE REIMBURSEMENT FOR CHILD AND ADULT CARE FOOD PROGRAM CLAIMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,389

Program Service Revenue $8,571,455

Investment Income $0

Other Revenue $2,429

TOTAL REVENUE $8,590,273

Expense Breakdown

Grants Paid $7,645,245

Salaries & Benefits $623,198

Fundraising Expenses $0

Program Expenses $8,362,494

Other Expenses $333,300

TOTAL EXPENSES $8,601,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,590,273	$7,867,353	+0.1%
Expenses	$8,601,743	$7,924,284	+0.1%
Net Income	$-11,470	$-56,931	-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

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

$203,487

Total Directors

$203,487

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR VERA CORLEY-SIMS	EXECUTIVE DIRECTOR	40.00	Officer Director	$99,000	$0	$99,000
TONY L CORLEY	PRESIDENT	40.00	Officer Director	$55,008	$0	$55,008
EARL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
TYRONE BENNETT	CHAIRMAN	1.00	Director	$0	$0	$0
SHASTA BLUE	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
TYWANA SEWARD-CORLEY	SECRETARY	40.00	Officer Director	$49,479	$0	$49,479

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
2024	$8,590,273	$8,601,743	$1,153,612	$-11,470
2023	$7,867,353	$7,924,284	$1,143,739	$-56,931
2022	$7,417,091	$7,292,702	$1,039,726	$124,389
2021	$7,053,466	$6,967,066	$953,103	$86,400
2020	$6,293,103	$6,248,838	$892,299	$44,265
2019	$7,528,350	$7,593,965	$764,949	$-65,615
2018	$7,636,628	$7,689,437	$878,637	$-52,809

KARAMU NUTRITION PROGRAM INC