KEYS 2 SUCCESS INC (EIN 814533133) - 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

JEE-HOON YAP KRSKA

Phone

9088830887

Tax Period

2024-07-01 to 2025-06-30

KEYS 2 SUCCESS INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $286K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

KEYS 2 SUCCESS BRINGS QUALITY MUSIC EDUCATION TO STUDENTS STARTING IN PRE-K IN THE MOST UNDERSERVED AREAS OF NEWARK. OUR FREE, DAILY PIANO LESSONS ARE DELIVERED IN A GROUP SETTING IN THE STUDENTS' OWN ENVIRONMENT, WHERE TEACHERS AND VOLUNTEERS WORK TO REMOVE BARRIERS AND SUPPORT STUDENTS AS THEY DEVELOP INTO FUTURE LEADERS

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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 $280,597

Program Service Revenue $0

Investment Income $3,766

Other Revenue $1,751

TOTAL REVENUE $286,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,302

Fundraising Expenses $33,917

Program Expenses $211,893

Other Expenses $87,340

TOTAL EXPENSES $297,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,114	$342,140	-0.2%
Expenses	$297,642	$320,050	-0.1%
Net Income	$-11,528	$22,090	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ONIEKA SUTTON	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARCIA HEARD	VICE PRESIDE	0.50	Director	$0	$0	$0
KRISTIN LORENZO	SECRETARY	0.50	Officer Director	$0	$0	$0
RENEE FRANK	TREASURER	1.00	Officer Director	$0	$0	$0
PHIL BINGHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTHA BAEZ	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
WANDER RICHARDSON	TRUSTEE/DIRE	2.00	Director	$0	$0	$0
JEE-HOON YAP KRSKA	EXEC DIRECTO	40.00	Officer	$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	$286,114	$297,642	$207,303	$-11,528
2024	$342,140	$320,050	$218,024	$22,090
2023	$293,983	$200,306	$187,777	$93,677
2022	$203,630	$201,891	$94,100	$1,739

KEYS 2 SUCCESS INC