KINGSWAY SERVICES INC (EIN 814457003) - 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

RACHEL CHAN

Phone

8565450800

Tax Period

2024-07-01 to 2025-06-30

KINGSWAY SERVICES INC, founded in 2016, is a community nonprofit in the Mental Health sector that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

SUPPORTING ORGANIZATION FOR KINGSWAY LEARNING CENTER, INC.

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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 $325,360

Program Service Revenue $2,959,123

Investment Income $5,123

Other Revenue $6,633

TOTAL REVENUE $3,296,239

Expense Breakdown

Grants Paid $5,356

Salaries & Benefits $2,364,216

Fundraising Expenses $158,103

Program Expenses $1,669,259

Other Expenses $869,998

TOTAL EXPENSES $3,239,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,296,239	$3,016,856	+0.1%
Expenses	$3,239,570	$2,677,257	+0.2%
Net Income	$56,669	$339,599	-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

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

$366,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL CHAN	CHIEF EXECUTIVE OFFICER	35.00	Officer	$153,336	$48,081	$201,417
LISA CATALDO	CONTROLLER	35.00	Officer	$118,476	$46,354	$164,830
MICHELLE JABLONSKI	DIRECTOR OF HR	35.00	Highest	$113,659	$34,253	$147,912
MICHAEL BYRNE	CHAIR	2.00	Officer Director	$0	$0	$0
JASON BREIG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NICOLE LANDAU	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT EDWARDS	TRUSTEE	0.50	Director	$0	$0	$0
DONNA FORMAN	TRUSTEE	0.50	Director	$0	$0	$0
ANDREA IANNUZZELLI	TRUSTEE	0.50	Director	$0	$0	$0
KENNETH KRAMER	TRUSTEE	0.50	Director	$0	$0	$0
ELLIS MEDOWAY	TRUSTEE	0.50	Director	$0	$0	$0
JEANNE WHALEN	TRUSTEE	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
2025	$3,296,239	$3,239,570	$917,227	$56,669
2024	$3,016,856	$2,677,257	$797,271	$339,599
2023	$2,708,997	$2,464,195	$570,281	$244,802
2022	$2,101,519	$1,812,368	$393,060	$289,151
2021	$1,570,744	$1,650,727	$45,928	$-79,983
2020	$1,839,296	$1,942,651	$220,307	$-103,355
2019	$1,463,477	$1,498,985	$26,441	$-35,508
2018	$1,597,308	$1,582,471	$279,331	$14,837

KINGSWAY SERVICES INC