MYKINGSTONKIDS INC (EIN 822523314) - 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

2020

Legal Domicile

Principal Officer

FRANK WATERS

Phone

8458960105

Tax Period

2023-01-01 to 2023-12-31

MYKINGSTONKIDS INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $329K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

MYKINGSTONKIDS INC. IS A 501 (C) 3 NOT-FOR-PROFIT ORGANIZATION THAT WAS CREATED TO ASSIST PARENTS IN PROVIDING THE CHILDREN OF KINGSTON, NEW YORK AND BEYOND WITH THE SUPPORT NEEDED TO BRING OUT THE BEST IN THEIR KIDS AS WELL AS OTHERS. WE BELIEVE THIS IS DONE BY PROVIDING OUR CHILDREN WITH EXCITING ACTIVITIES, ENGAGING & FUNLOVINGEVENTS, INTERACTIVE EDUCATIONAL TOOLS AND APPROPRIATE ENTERTAINMENT. MYKK IS RESPONSIBLE FOR THE MYKK HALLOWEEN FEST AND PARADE, MYKINGSTONKIDS FEST, BLACK HISTORY MONTH KINGSTON AND RED-K APPAREL

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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 (2023)

Revenue Breakdown

Contributions & Grants $300,696

Program Service Revenue $24,204

Investment Income $5

Other Revenue $4,504

TOTAL REVENUE $329,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,780

Fundraising Expenses $14,033

Program Expenses $246,970

Other Expenses $171,408

TOTAL EXPENSES $345,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$329,409	$264,785	+0.2%
Expenses	$345,188	$253,185	+0.4%
Net Income	$-15,779	$11,600	-2.4%

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

$74,984

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRYSTAL BULLOCK	BOARD CHAIR	5.00	Director	$0	$0	$0
SHANIQUA BOWDEN	SECRETARY	5.00	Director	$0	$0	$0
WILL JOURDAIN	TREASURER	5.00	Director	$0	$0	$0
DANIELLE BOISVERT	BOARD MEMBER	5.00	Director	$0	$0	$0
STAR NIGRO	BOARD MEMBER	5.00	Director	$0	$0	$0
FRANK WATERS	EXECUTIVE DIRECTOR	40.00	Officer	$74,984	$0	$74,984

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	$329,409	$345,188	$140,455	$-15,779
2022	$264,785	$253,185	$87,282	$11,600

MYKINGSTONKIDS INC