KNIGHTS FINE ARTS BOOSTERS (EIN 911548007) - 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

1993

Legal Domicile

Principal Officer

DEBBIE ROMERO

Phone

4256419059

Tax Period

2021-07-01 to 2022-06-30

KNIGHTS FINE ARTS BOOSTERS, founded in 1993, is a micro nonprofit that reported $7K in total revenue in fiscal year 2021. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5K, a strong 65% operating margin.

Mission

EFFECTIVE AT ITS YE 6/30/2022, TAXPAYER'S(KFAB) ACTIVITIES, OPERATIONS, PROGRAMS, GOVERNANCE AND ASSETS WERE COMBINED WITH KNIGHTS ATHLETICS BOOSTER ASSOCIATIONS,(KABA), A 501(C)(3) ORGANIZATION. SEE ATTACHED RESOLUSTIONS. TAXPAYER WAS ADMINISTRATIVELY DISSOLVED AS A WA NFP CORPORATION AND FROM 7/1/2022-6/30/2023 AND FUTURE YEARS, ITS PROGRAMS AND ACTIVITIES WILL BEINCLUDED IN KABA'S FORM 990. BOTH TAXPAYER AND KABA ARE 501(C)(3) BOOSTERORGANIZATIONS WITH JUNE 30TH YEAR ENDS IN SUPPORT OF NEWPORT HIGH SCHOOL, PART OF BELLEVUE SCHOOL DISTRICT, BELLEVUE WA. HTTPS://BSD405.ORG/NHS/ KABA'S INFORMATION IS BELOW: PO BOX 40261 BELLEVUE, WA 98015 EIN 71-0896930 501(C)(3)

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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 (2021)

Revenue Breakdown

Contributions & Grants $3,318

Program Service Revenue $3,905

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,562

Other Expenses $2,562

TOTAL EXPENSES $2,562

Year-over-Year Comparison

	2021	2020	Change
Revenue	$7,223	$5,735	+0.3%
Expenses	$2,562	$7,260	-0.6%
Net Income	$4,661	$-1,525	-4.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAJ GHAHIR	PRESIDENT	N/A	Officer	$0	$0	$0
DEBBIE ROMERO	DIRECTOR	1.00	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	$7,223	$2,562	No data	$4,661
2021	$5,735	$7,260	$33,118	$-1,525
2020	$21,525	$24,455	$34,643	$-2,930
2019	$32,913	$31,189	$37,573	$1,724
2018	$182,260	$146,873	$35,849	$35,387

KNIGHTS FINE ARTS BOOSTERS