KALEIDOSCOPE SCHOOL OF MEMPHIS (EIN 811493076) - 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

2016

Legal Domicile

Principal Officer

ALICE HENRY

Phone

9016231888

Tax Period

2020-07-01 to 2021-06-30

KALEIDOSCOPE SCHOOL OF MEMPHIS, founded in 2016, is a small nonprofit that reported $902K in total revenue in fiscal year 2020. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

EQUIP STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN 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 (2020)

Revenue Breakdown

Contributions & Grants $900,786

Program Service Revenue $0

Investment Income $62

Other Revenue $1,280

TOTAL REVENUE $902,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $759,760

Fundraising Expenses $0

Program Expenses $952,519

Other Expenses $306,275

TOTAL EXPENSES $1,066,035

Year-over-Year Comparison

	2020	2019	Change
Revenue	$902,128	$887,362	+0.0%
Expenses	$1,066,035	$1,009,196	+0.1%
Net Income	$-163,907	$-121,834	+0.3%

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

$233,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINA WALKER	DIRECTOR	0.00	Director	$0	$0	$0
LADONNA YOUNG	DIRECTOR	0.00	Director	$0	$0	$0
REGINALD TITUS	DIRECTOR	0.00	Director	$0	$0	$0
RUBY FENTON	BOARD CHAIR	0.00	Director	$0	$0	$0
LARRY SPRINGFIELD	DIRECTOR	0.00	Director	$0	$0	$0
ASHLEY COLE	DIRECTOR	0.00	Director	$0	$0	$0
LAKEISHA WELLS	DIRECTOR	0.00	Director	$0	$0	$0
ALICE HENRY	FOUNDER/PRINCIPAL	40.00	Officer	$129,375	$0	$129,375
JAMES ALEXANDER	CHIEF ACADEMIC OFFICER	40.00	Officer	$104,250	$0	$104,250

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	$902,128	$1,066,035	No data	$-163,907
2020	$887,362	$1,009,196	$269,490	$-121,834
2019	$949,734	$991,732	$244,796	$-41,998

KALEIDOSCOPE SCHOOL OF MEMPHIS