KAUAI MONTESSORI PROJECT INC

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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

FRANK WHITMAN

Phone

8082457652

Tax Period

2024-01-01 to 2024-12-31

KAUAI MONTESSORI PROJECT INC, founded in 2017, is a small nonprofit in the Education sector that reported $751K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $728K left a modest 3% surplus.

Mission

OUR MISSION IS TO PROVIDE A MONTESSORI EARLY EDUCATION PROGRAM. WE WILL PROVIDE AN EARLY EDUCATION OPPORTUNITY TO OUR CHILD IN A SAFE, NURTURING, EDUCTIONAL ENVIRONMENT. WE WILL PROVIDE SUPPORT, ONGOING EDUCATIONAL OPPORTUNITIES, AND REFERRALS TO COMMUNITY SERVICES TO OUR PARENTS, AND EDUCATIONAL OPPORTUNITIES TO EARLY CHILDHOOD PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $677,140

WE PROVIDE TO THE KAUAI COMMUNITY AN EARLY CHILDHOOD EDUCATION, HAWAII STATE LICENSED CENTER BASED INFANT AND TODDLER (CAPACITY FOR 12) AND PRESCHOOL PROGRAMS (CAPACITY FOR 48).

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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 $136,404

Program Service Revenue $614,188

Investment Income $0

Other Revenue $0

TOTAL REVENUE $750,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $522,689

Fundraising Expenses $0

Program Expenses $677,140

Other Expenses $205,209

TOTAL EXPENSES $727,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$750,592	$614,931	+0.2%
Expenses	$727,898	$747,224	0.0%
Net Income	$22,694	$-132,293	-1.2%

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

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
FRANK WHITMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSICA MCGLAUGHLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOANNE GREY-MCGLAUGHLIN	TREASURER	1.00	Officer Director	$0	$0	$0
MARCI WHITMAN	DIRECTOR	1.00	Highest	$107,651	$0	$107,651

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	$750,592	$727,898	$234,624	$22,694
2023	$614,931	$747,224	$211,930	$-132,293
2022	$805,942	$657,596	$344,223	$148,346
2021	$571,601	$536,424	$195,877	$35,177