KWASAN FOUNDATION INC (EIN 821363779) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

GILBERT J WIRTH

Phone

7575678301

Tax Period

2023-01-01 to 2023-12-31

KWASAN FOUNDATION INC, founded in 2018, is a small nonprofit in the Education sector that reported $237K in total revenue in fiscal year 2022. The organization ran a surplus of $125K, a strong 53% operating margin.

Mission

KWASAN FOUNDATION IS A NON-PROFIT PHILANTHROPIC ORGANIZATION THAT PROVIDES FUNDING, OPPORTUNITY, AND OTHER VALUABLE RESOURCES FOR HAITIAN ENTREPRENEURS, IN ORDER TO SUSTAIN SOCIAL AND ECONOMIC GOOD FOR THEIR COMMUNITIES. ENTREPRENEURSHIP IS INTERDISCIPLINARY, SO THE FOUNDATION FOCUSES ON EQUIPPING THE HAITIAN PEOPLE WITH THE RESOURCES NECESSARY FOR SUCCESS IN ANY SETTING, WHETHER IT IS TECHNOLOGY, SERVICES, RETAIL, OR SOCIAL VENTURES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $45,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,929

Other Expenses $61,729

TOTAL EXPENSES $61,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,000	$237,287	-0.8%
Expenses	$61,729	$112,072	-0.4%
Net Income	$-16,729	$125,215	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD KESSLER	BOARD MEMEBE	N/A	Director	$0	$0	$0
ERIN WIRTH	BAORD MEMBER	N/A	Director	$0	$0	$0
GILBERT J WIRTH	PRESIDENT	N/A	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	No data	No data	No data	No data
2023	$45,000	$61,729	$96,812	$-16,729
2022	$237,287	$112,072	$113,541	$125,215

KWASAN FOUNDATION INC