KARUNAINC (EIN 872587965) - 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

2021

Legal Domicile

Principal Officer

JULIA MCDERMID

Phone

6087992880

Tax Period

2023-01-01 to 2023-12-31

KARUNAINC, founded in 2021, is a small nonprofit in the Human Services sector that reported $256K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $74K, a strong 29% operating margin.

Mission

MISSION STATEMENT: TO CREATE AND FOSTER STRONG COMMUNITY BY PROVIDING A FOUNDATION TO EMPOWER UNSHELTERED INDIVIDUALS TO CULTIVATE RESILIENCE, ELEVATE THEIR PERSONAL DIGNITY, AND FIND THEIR OWN LIFE WORTH LIVING. PRIMARY EXEMPT PURPOSE: TO PROVIDE EMERGENCY AND PERMANENT HOUSING FOR PEOPLE WHO ARE EXPERIENCING HOMELESSNESS OR AT IMMINENT RISK OF HOMELESSNESS, HAVE DISABILITIES OR OTHER SPECIAL NEEDS.

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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 $255,828

Program Service Revenue $0

Investment Income $27

Other Revenue $0

TOTAL REVENUE $255,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,272

Fundraising Expenses $0

Program Expenses $150,698

Other Expenses $50,221

TOTAL EXPENSES $181,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$255,855	$1,079,427	-0.8%
Expenses	$181,493	$1,014,558	-0.8%
Net Income	$74,362	$64,869	+0.1%

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

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

$75,000

Total Directors

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA MCDERMID	PROGRAM DIRE	40.00	Officer Director	$75,000	$0	$75,000
KARA BURGOS	PRESIDENT	1.00	Director	$0	$0	$0
KAHYA FOX	VICE PRESIDE	1.00	Director	$0	$0	$0
KAREN NEUSER FSPA	SECRETARY	1.00	Director	$0	$0	$0
JESSICA OLSON	MEMBER	1.00	Director	$0	$0	$0
ELISABETH RASK	TREASURER	1.00	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	No data	No data	No data	No data
2023	$255,855	$181,493	$138,699	$74,362
2022	$1,079,427	$1,014,558	$61,832	$64,869

KARUNAINC