KAVIC INC (EIN 853945326) - 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

MICHAEL WAHL

Phone

4197831679

Tax Period

2024-01-01 to 2024-12-31

KAVIC INC, founded in 2020, is a micro nonprofit in the Public & Societal Benefit sector that reported $91K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17K, a strong 19% operating margin.

Mission

THE PURPOSE OF OPERATION KAVIC IS TO PROVIDE RELIEF TO MILITARY VETERANS WHO ARE ENDURING, OR WHO ARE AT RISK OF ENDURING FINANCIAL HARDSHIP. ACTIVE DUTY, VETERANS, RESERVISTS, & NATIONAL GUARD MEMBERS RECEIVE FINANCIAL ASSISTANCE WHERE THEIR VETERAN BENEFITS MAY HAVE GAPS. 100% OF FUNDS RAISED GO TO ASSISTING VETERANS IN CRISIS IN DEFIANCE COUNTY. ASSISTANCE IS PROVIDED FOR RENT/MORTGAGE PAYMENTS, MEDICAL BILLS, HOME REPAIRS, THERAPY ANIMALS, AND MORE. OPERATION KAVIC IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

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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 $85,131

Program Service Revenue $0

Investment Income $7,030

Other Revenue $-1,585

TOTAL REVENUE $90,576

Expense Breakdown

Grants Paid $65,964

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,660

Other Expenses $7,294

TOTAL EXPENSES $73,258

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,576	$52,043	+0.7%
Expenses	$73,258	$86,098	-0.1%
Net Income	$17,318	$-34,055	-1.5%

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

N/A

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
RONI BAKLE	TREASURER	1.00	Officer Director	$0	$0	$0
TY GUILLIAM	BOARD MEMBER	0.25	Director	$0	$0	$0
BRYAN KELLER	BOARD MEMBER	0.25	Director	$0	$0	$0
MEREDITH MICKEY	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHAEL RAMIREZ	BOARD MEMBER	0.25	Director	$0	$0	$0
MELANIE RITTENOUR	SECRETARY	0.25	Officer Director	$0	$0	$0
JOHN STEELE	BOARD MEMBER	0.25	Director	$0	$0	$0
JESSICA VANDEMARK	BOARD MEMBER	0.25	Director	$0	$0	$0
GABE VITTORIO	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHAEL WAHL	PRESIDENT	0.25	Officer 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	$90,576	$73,258	$173,853	$17,318
2023	$52,043	$86,098	$156,535	$-34,055
2022	$198,208	$47,363	$190,590	$150,845

KAVIC INC