KB FOUNDATION INC (EIN 815479920) - 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

2017

Legal Domicile

Principal Officer

KIRKLYN BERRY

Phone

4849980990

Tax Period

2024-01-01 to 2024-12-31

KB FOUNDATION INC, founded in 2017, is a small nonprofit in the Public & Societal Benefit sector that reported $740K in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $255K, a strong 35% operating margin.

Mission

KBF'S MISSION IS TO BUILD THE DEVELOPMENTAL AND SOCIAL COMPETENCIES OF ADOLESCENT YOUTH IN THE PHILADELPHIA AREA THROUGH EDUCATIONAL, RECREATIONAL, AND HANDS-ON LEARNING EXPERIENCES.

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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 $629,414

Program Service Revenue $64,601

Investment Income $328

Other Revenue $45,820

TOTAL REVENUE $740,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,464

Fundraising Expenses $21,791

Program Expenses $352,893

Other Expenses $420,263

TOTAL EXPENSES $484,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$740,163	$387,657	+0.9%
Expenses	$484,727	$299,573	+0.6%
Net Income	$255,436	$88,084	+1.9%

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

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

$25,178

Total Directors

$25,178

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRKLYN BERRY	PRESIDENT	8.00	Officer Director	$16,650	$0	$16,650
PERCY LEE JONES III	VICE PRESIDE	1.00	Officer Director	$4,874	$0	$4,874
NATASHA PRONSATI	TREASURER	3.00	Officer Director	$3,654	$0	$3,654
NICOLE BERRY	SECRETARY	1.00	Officer Director	$0	$0	$0
COURTNEY CLARK-RASHEED	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN KAPLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER PRONSATI	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN SOMERVILLE	BOARD MEMBER	1.00	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	$740,163	$484,727	$386,608	$255,436
2024	No data	No data	No data	No data
2023	$387,657	$299,573	$120,132	$88,084
2022	$181,574	$167,900	$27,742	$13,674
2022	$181,525	$169,176	$27,197	$12,349

KB FOUNDATION INC