AUSTIN, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
DURING 2020, KIDS IN A NEW GROOVE (KING) PROVIDED PRIVATE MUSIC INSTRUCTION TO 200 CHILDREN IN THE FOSTER CARE SYSTEM. KING OFFERED 13 DIFFERENT TYPES OF LESSONS BASED ON EACH CHILD'S CHOSEN AREA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare KIDS IN A NEW GROOVE with other nonprofits in Texas and across the country.