PRINCIPALSCONNECT (EIN 821747205) - 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

Carol Hallquist

Phone

8166746629

Tax Period

2024-06-01 to 2025-05-31

PRINCIPALSCONNECT, founded in 2017, is a small nonprofit in the Education sector that reported $427K in total revenue in fiscal year 2024. Revenue surged 175% from the prior year, signaling strong growth momentum. The organization ran a surplus of $222K, a strong 52% operating margin.

Mission

PrincipalsConnect links urban Kansas City school principals with retired and semi-retired professionals who have connections in our community and access to resources. Our principals determine our focus. Top of the list: teacher retention and morale.

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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 $427,111

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $427,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $141,091

Other Expenses $205,090

TOTAL EXPENSES $205,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$427,111	$155,576	+1.7%
Expenses	$205,090	$168,466	+0.2%
Net Income	$222,021	$-12,890	-18.2%

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

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
Jan Kreamer	Board Member	0.1	Director	$0	$0	$0
Chris Jones	Board Member	0.1	Director	$0	$0	$0
John Fierro	Board Member	0.1	Director	$0	$0	$0
Jon Hile	Board Member	0.1	Director	$0	$0	$0
Melissa Patterson Hazley	Board Member	0.1	Director	$0	$0	$0
Carol Hallquist	Founder & CEO	30	Key Emp	$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	$427,111	$205,090	$267,973	$222,021

PRINCIPALSCONNECT