Karat Place Inc (EIN 621808577) - 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

1999

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Karat Place Inc, founded in 1999, is a small nonprofit in the Crime & Legal sector that reported $146K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

Housing for ex-offender women - To rehabilitate the women to reduce recidivism in the Greater Memphis. Through a better standard of living in transitional housing and various programming geared to empower these women to be contributing citizens.

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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 $127,013

Program Service Revenue $18,970

Investment Income $0

Other Revenue $0

TOTAL REVENUE $145,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,202

Fundraising Expenses $0

Program Expenses $122,007

Other Expenses $72,324

TOTAL EXPENSES $145,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,983	$155,838	-0.1%
Expenses	$145,526	$168,626	-0.1%
Net Income	$457	$-12,788	-1.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Florida Haynes-Thomas	Board Member	1.00	Director	$0	$0	$0
Chrystal B Tate	Secretary	1.00	Director	$0	$0	$0
Shilrey Times	Board Member	1.00	Director	$0	$0	$0
Jilian K Hunt	Vice Chair	1.00	Director	$0	$0	$0
Djuana E Jones	Board Member	1.00	Director	$0	$0	$0
Gerald L Hunt	Chair	1.00	Director	$0	$0	$0
Kiva A Taylor	Board Member	1.00	Director	$0	$0	$0
Tameaka Stanton-Riley	Board Member	1.00	Director	$0	$0	$0
Andrea T Boykins	Treasurer	1.00	Director	$0	$0	$0
Melvena Leake Reeves	CEOExecutive Director	40.00	Key Emp	$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
2024	No data	No data	No data	No data
2023	$145,983	$145,526	$80,240	$457
2022	$155,838	$168,626	$85,051	$-12,788
2021	$143,982	$158,788	$104,939	$-14,806
2020	$131,235	$145,685	$110,902	$-14,450
2019	$151,679	$145,494	$126,056	$6,185
2018	$108,180	$103,126	$123,041	$5,054

Karat Place Inc