KAPPA FOUNDATION OF PETERSBURG INC (EIN 800892338) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

Danny T Giles

Phone

8046901484

Tax Period

2023-01-01 to 2023-12-31

KAPPA FOUNDATION OF PETERSBURG INC, founded in 2013, is a micro nonprofit that reported $25K in total revenue in fiscal year 2018. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $47K exceeded revenue, resulting in a 87% operating deficit.

Mission

To award scholarships to deserving students in the Petersburg, VA area to assist with college and post-graduate educational expenses.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,739

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,299

Other Expenses $23,949

TOTAL EXPENSES $23,949

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,739	$20,236	-0.4%
Expenses	$23,949	$26,487	-0.1%
Net Income	$-11,210	$-6,251	+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

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
Danny T Giles	President	5.00	Officer	$0	$0	$0
Dr James Norman	Vice President	0.50	Officer	$0	$0	$0
Dr Michael L Rainey	Treasurer	2.50	Officer	$0	$0	$0
Leonard A Muse	Secretary	0.75	Officer	$0	$0	$0
J Maurice Singleton	Director	0.50	Director	$0	$0	$0
Willie Harris	Director	0.50	Director	$0	$0	$0
Harold McManus	Director	0.50	Director	$0	$0	$0
Dr Henri Thompson	Director	0.50	Director	$0	$0	$0
Anthony L Whitney	Director	0.50	Director	$0	$0	$0
James C Trower	Director	0.50	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	$12,739	$23,949	No data	$-11,210
2022	$20,236	$26,487	$12,624	$-6,251
2021	$18,537	$28,516	$18,875	$-9,979
2020	$36,163	$27,196	$27,420	$8,967
2019	$24,935	$35,980	$18,453	$-11,045
2018	$25,044	$46,895	$28,212	$-21,851

KAPPA FOUNDATION OF PETERSBURG INC