THE KIT FARAGHER FOUNDATION (EIN 810619100) - 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

2003

Legal Domicile

Principal Officer

BETH ANN FARAGHER

Phone

3033224922

Tax Period

2024-01-01 to 2024-12-31

THE KIT FARAGHER FOUNDATION, founded in 2003, is a micro nonprofit in the Education sector that reported $59K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $404K represent 83 months of operating reserves.

Mission

GRANT SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO COLORADO AND OHIO STUDENTS IN NEED OF FINANCIAL ASSISTANCE FOR COLLEGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,974

Program Service Revenue $0

Investment Income $31,739

Other Revenue $0

TOTAL REVENUE $58,713

Expense Breakdown

Grants Paid $49,313

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,313

Other Expenses $8,561

TOTAL EXPENSES $57,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,713	$46,154	+0.3%
Expenses	$57,874	$38,975	+0.5%
Net Income	$839	$7,179	-0.9%

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

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
BETH ANN FARAGHER	President & CEO	4.00	Officer Director	$0	$0	$0
MICHAEL MCCASLAND	Treasurer	2.00	Officer Director	$0	$0	$0
WILLIAM E FARAGHER JR	Director	2.00	Director	$0	$0	$0
MARY FARAGHER WATERMAN	Vice President	2.00	Officer Director	$0	$0	$0
TAYLOR HALAGAN	Secretary	2.00	Officer 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
2024	$58,713	$57,874	$502,764	$839
2022	$40,037	$37,441	$435,702	$2,596
2021	$67,714	$58,738	$518,271	$8,976
2020	$37,157	$37,922	$481,726	$-765
2019	$86,953	$74,830	$446,296	$12,123
2018	$90,522	$71,380	$407,242	$19,142

THE KIT FARAGHER FOUNDATION