ARK FOUNDATION (EIN 851571988) - 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

2020

Legal Domicile

Principal Officer

LIONEL LARMANGER

Phone

9712818198

Tax Period

2024-01-01 to 2024-12-31

ARK FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $280K in total revenue in fiscal year 2024. Revenue surged 474% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 17% operating margin.

Mission

TO ESTABLISH A SCHOOL FOR HEALTH ASSISTANTS AS WELL AS CLINICAL ASSOCIATIONS FOR THE STUDENTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $280,251

Investment Income $0

Other Revenue $0

TOTAL REVENUE $280,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,820

Fundraising Expenses $0

Program Expenses $215,735

Other Expenses $114,802

TOTAL EXPENSES $232,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,251	$48,850	+4.7%
Expenses	$232,622	$56,530	+3.1%
Net Income	$47,629	$-7,680	-7.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMERIE LARMANGER	SECRETARY/MANAGER	10.00	Officer Director	$0	$0	$0
LIONEL LARMANGER	PRESIDENT	5.00	Officer Director	$0	$0	$0
VIKKI BLANCHARD	DIRECTOR	2.00	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
2024	$280,251	$232,622	$47,539	$47,629

ARK FOUNDATION