KATERVA INC (EIN 822778992) - 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

TAD PARZEN

Phone

8584010531

Tax Period

2021-01-01 to 2021-12-31

KATERVA INC, founded in 2017, is a micro nonprofit that reported $30K in total revenue in fiscal year 2021. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $41K exceeded revenue, resulting in a 36% operating deficit.

Mission

FIND, EVALUATE AND ACCELERATE DISRUPTIVE INNOVATION TO SERVE HUMANITY AND THE PLANET.

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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 (2021)

Revenue Breakdown

Contributions & Grants $30,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $30,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,000

Fundraising Expenses $0

Program Expenses $35,342

Other Expenses $5,676

TOTAL EXPENSES $40,676

Year-over-Year Comparison

	2021	2020	Change
Revenue	$30,000	$234,000	-0.9%
Expenses	$40,676	$230,269	-0.8%
Net Income	$-10,676	$3,731	-3.9%

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

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

$35,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALIN BURNHAM	BOARD CHAIR	0.10	Director	$0	$0	$0
KEN BLANCHARD	BOARD MEMBER	0.10	Director	$0	$0	$0
TAD PARZEN	COO	8.00	Officer	$35,000	$0	$35,000
DANIEL TERRY WAGHORN	CEO/PRESIDENT/BOARD MEMBER	8.00	Officer	$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
2021	$30,000	$40,676	No data	$-10,676
2020	$234,000	$230,269	$10,676	$3,731
2019	$246,138	$242,557	$6,945	$3,581
2018	$293,214	$302,192	$3,455	$-8,978

KATERVA INC