Kalon Prep Academy (EIN 833275267) - 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

2021

Legal Domicile

Principal Officer

Chris Kragenbring

Phone

3204608881

Tax Period

2023-07-01 to 2024-06-30

Kalon Prep Academy, founded in 2021, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

To meet students where they are and guide them where they want to go. We will do so by listening, leading and launching them on a path to become the best versions of themselves.

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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 $2,488,184

Program Service Revenue $12,097

Investment Income $3

Other Revenue $9,883

TOTAL REVENUE $2,510,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,980,481

Fundraising Expenses $0

Program Expenses $2,267,143

Other Expenses $688,982

TOTAL EXPENSES $2,669,463

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,510,167	$2,020,476	+0.2%
Expenses	$2,669,463	$2,423,542	+0.1%
Net Income	$-159,296	$-403,066	-0.6%

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

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

$205,730

Total Directors

$139,058

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Molly Baune	Board Chair	5.00	Officer Director	$0	$0	$0
Heather Netland	Secretary/Teacher member	40.00	Officer Director	$80,033	$6,939	$86,972
Gene Olson	Treasurer	2.00	Officer Director	$0	$0	$0
Brandee Baumann-Rustand	Director	1.00	Director	$0	$0	$0
Kim Wixon	Director/Teacher	40.00	Director	$47,959	$4,127	$52,086
Mary Becker	Director	1.00	Director	$0	$0	$0
Chris Kragenbring	Executive Director	40.00	Officer	$109,448	$9,310	$118,758

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
2025	No data	No data	No data	No data
2024	$2,510,167	$2,669,463	$1,595,805	$-159,296

Kalon Prep Academy