SK KARATE INC (EIN 871718593) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

CARSON FORTNER

Phone

9127487111

Tax Period

2022-01-01 to 2022-12-31

SK KARATE INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $316K in total revenue in fiscal year 2022. Revenue surged 320% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 24% operating margin.

Mission

WITH UNRELENTING DETERMINATION, WE SEEK TO CHANGE LIVES THROUGH THE POWER OF MARTIAL ARTS, TO INSPIRE LIFELONG CHANGE, TO BUILD STRENGTH, AND TO ADVOCATE FOR THOSE WITH DIFFERENT ABILITIES, REGARDLESS OF PHYSICAL, MENTAL, OR FINANCIAL CHALLENGES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $315,850

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $315,850

Expense Breakdown

Grants Paid $8,221

Salaries & Benefits $18,994

Fundraising Expenses $88,955

Program Expenses $123,817

Other Expenses $214,123

TOTAL EXPENSES $241,338

Year-over-Year Comparison

	2022	2021	Change
Revenue	$315,850	$75,226	+3.2%
Expenses	$241,338	$32,834	+6.4%
Net Income	$74,512	$42,392	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$17,215

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARSON FORTNER	PRESIDENT	5.00	Officer	$0	$0	$0
MILLE ORME	EXECUTIVE DIRECTOR	5.00	Officer Highest	$17,215	$0	$17,215
JESSICA ENGLISH	SECRETARY	5.00	Officer	$0	$0	$0
CHELLY DAVIS	TREASURER	5.00	Officer	$0	$0	$0
JOSEPH BOUCHARD	BOARD MEMBER	2.00	Officer	$0	$0	$0
TEEJAL PATEL	BOARD MEMBER	2.00	Officer	$0	$0	$0
TRISTAM MEYERS	BOARD MEMBER	2.00	Officer	$0	$0	$0
TIMOTHY GOROS	BOARD MEMBER	2.00	Officer	$0	$0	$0
FRANCES MERCADO-RODRIGUEZ	BOARD MEMBER	2.00	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
2022	$315,850	$241,338	$119,849	$74,512

SK KARATE INC