PAUL KARES INC

EIN: 851333696 501(c)(3)

LEWES, DE

Total Revenue
$778,055
Total Expenses
$763,305
Total Assets
$82,914
Net Assets
$30,191
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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
DE
Phone
3022289775
Tax Period
2025-01-01 to 2025-12-31

PAUL KARES INC, founded in 2021, is a small nonprofit that reported $778K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

The mission of Paul Kares is to provide financial support to local young adults who are pursuing careers in music and the culinary arts with the sponsorship of music and culinary events.

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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 (2025)

Revenue Breakdown

Contributions & Grants $31,157
Program Service Revenue $746,803
Investment Income $5
Other Revenue $90
TOTAL REVENUE $778,055

Expense Breakdown

Grants Paid $10,960
Salaries & Benefits $229,588
Fundraising Expenses $0
Program Expenses $672,859
Other Expenses $522,757
TOTAL EXPENSES $763,305

Year-over-Year Comparison

2025 2024 Change
Revenue $778,055 $666,388 +0.2%
Expenses $763,305 $678,283 +0.1%
Net Income $14,750 $-11,895 -2.2%
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
5
Independent Members
5
Employees
19
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES D RIVETTE PRESIDENT 20.00
Officer Director
$0 $0 $0
FRAN SIMEONE DIRECTOR 15.00
Director
$0 $0 $0
STEVEN MOORE DIRECTOR 5.00
Director
$0 $0 $0
ALAN TILLES ESQ DIRECTOR 10.00
Director
$0 $0 $0
PAMELA GEORGE DIRECTOR 5.00
Director
$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
2025 $778,055 $763,305 $82,914 $14,750
2024 $666,388 $678,283 $24,496 $-11,895
2023 $473,690 $454,980 $31,336 $18,710
2022 $266,910 $264,035 $8,626 $2,875
2021 $12,488 $6,737 $5,751 $5,751
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