KIDS IN A NEW GROOVE

EIN: 830380758 501(c)(3)

AUSTIN, TX

Total Revenue
$246,923
Total Expenses
$322,418
Total Assets
$119,447
Net Assets
$115,973
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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
2004
Legal Domicile
TX
Principal Officer
MARK PORTER
Phone
5125965441
Tax Period
2020-01-01 to 2020-12-31

KIDS IN A NEW GROOVE, founded in 2004, is a small nonprofit that reported $247K in total revenue in fiscal year 2020. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $322K exceeded revenue, resulting in a 31% operating deficit.

Mission

KIDS IN A NEW GROOVE PROVIDES CHILDREN IN THE FOSTER CARE SYSTEM A LONG-TERM MENTOR BY PROVIDING THEM WITH PRIVATE MUSIC INSTRUCTION. ALL LESSONS ARE PROVIDED IN THEIR CURRENT LIVING SITUATIONS.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $291,958
Program Service Revenue $0
Investment Income $36
Other Revenue $-45,071
TOTAL REVENUE $246,923

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,653
Fundraising Expenses $10,322
Program Expenses $260,610
Other Expenses $102,765
TOTAL EXPENSES $322,418

Year-over-Year Comparison

2020 2019 Change
Revenue $246,923 $412,382 -0.4%
Expenses $322,418 $352,692 -0.1%
Net Income $-75,495 $59,690 -2.3%
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

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Governance

Voting Members
13
Independent Members
13
Employees
5
Volunteers
150

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
7
$74,303
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOWELL KEIG BOARD MEMBER 2.00
Director
$0 $0 $0
MITCH FLAX BOARD MEMBER 2.00
Director
$0 $0 $0
DANA KEEVEN BOARD MEMBER 2.00
Director
$0 $0 $0
TAMSEN COHAGAN SECRETARY THRU 7/20 3.00
Officer Director
$0 $0 $0
DORIAN COLBERT BOARD MEMBER 2.00
Director
$0 $0 $0
ELIZABETH ROGERS COMPLIANCE OFFICER 2.00
Officer Director
$0 $0 $0
KELLY CONWAY BOARD MEMBER 2.00
Director
$0 $0 $0
HECTOR BELTRAN BOARD MEMBER 2.00
Director
$0 $0 $0
MARK PORTER TREASURER 3.00
Officer Director
$0 $0 $0
CLINT STRAIT BOARD MEMBER 2.00
Director
$0 $0 $0
NICOLE WATSON BOARD CHAIR 3.00
Officer Director
$0 $0 $0
MISTY PENNOCK BOARD MEMBER 2.00
Director
$0 $0 $0
JULIE FIORE BOARD MEMBER 2.00
Director
$0 $0 $0
QUINN DONAHUE BOARD MEMBER 2.00
Director
$0 $0 $0
JENNA REBLIN BOARD MEMBER 2.00
Director
$0 $0 $0
MARY LEAGUE SECRETARY AS OF 7/20 3.00
Officer Director
$0 $0 $0
KARYN SCOTT FOUNDER 2.00
Director
$0 $0 $0
LAURA WOOD EXECUTIVE DIRECTOR THRU 08/20 40.00
Officer
$43,971 $2,083 $46,054
SARAH WAUTERS EXECUTIVE DIRECTOR AS OF 08/20 40.00
Officer
$27,275 $974 $28,249
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
2020 $246,923 $322,418 $119,447 $-75,495
2019 $412,382 $352,692 $207,769 $59,690
2018 $234,953 $272,975 $137,965 $-38,022
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