KARAT SCHOOL PROJECT (EIN 825036957) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

EVELYNE KEOMIAN

Phone

5102289981

Tax Period

2024-01-01 to 2024-12-31

KARAT SCHOOL PROJECT, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $314K in total revenue in fiscal year 2024. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 19% operating margin.

Mission

TO EDUCATE CHILDREN AND WOMEN LIVING IN POVERTY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $313,869

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $313,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,226

Fundraising Expenses $12,779

Program Expenses $209,119

Other Expenses $124,978

TOTAL EXPENSES $253,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,871	$142,678	+1.2%
Expenses	$253,204	$212,317	+0.2%
Net Income	$60,667	$-69,639	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$95,131

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE N'ZE	MEMBER	2.00	Director	$0	$0	$0
SHERRY AUERBACH	CHAIRPERSON	5.00	Director	$0	$0	$0
NATALIE HERREMA	MEMBER	1.00	Director	$0	$0	$0
SKIP SMITH	MEMBER	2.00	Director	$0	$0	$0
EVELYN KEOMIAN	PRESIDENT	40.00	Officer	$95,131	$0	$95,131
DAVID HOFFMAN	TREASURER	2.00	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
2024	$313,871	$253,204	$112,137	$60,667
2023	$142,678	$212,317	$51,858	$-69,639
2022	$335,775	$281,300	$121,109	$54,475

KARAT SCHOOL PROJECT