Karuna Foundation

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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

Shaleen Shah

Phone

9046126000

Tax Period

2023-01-01 to 2023-12-31

Karuna Foundation, founded in 2020, is a mid-sized nonprofit in the Animal-Related sector that reported $34.5M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

Making distributions to individuals and organizations that advocate for and/or support the wellbeing of animals, our natural environment and all global citizens, particularly by addressing humanitarian crises or deficiencies in nutrition or food systems.

Program Service Accomplishments

Program 1

Expenses: $28,732,433

Distributions and loans to organizations that advocate the wellbeing of animals.

Program 2

Expenses: $4,767,637

Fiscal sponsorship of mission-aligned charitable initiatives.

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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 $34,504,274

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $34,504,274

Expense Breakdown

Grants Paid $31,431,123

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,500,070

Other Expenses $2,326,778

TOTAL EXPENSES $33,757,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,504,274	$26,842,823	+0.3%
Expenses	$33,757,901	$26,494,769	+0.3%
Net Income	$746,373	$348,054	+1.1%

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
Shilpi Shah	President/ Treasurer	2.00	Officer Director	$0	$0	$0
Nikki Bollaert	Secretary	2.00	Officer Director	$0	$0	$0
Patricia Kowalewski	Director	2.00	Director	$0	$0	$0
Shaleen Shah	Executive Director	15.00	Officer	$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	No data	No data	No data	No data
2023	$34,504,274	$33,757,901	$2,052,850	$746,373
2022	$26,842,823	$26,494,769	$843,277	$348,054
2021	$18,292,145	$17,827,328	$474,878	$464,817