USA NATIONAL KARATE-DO FEDERATION INC (EIN 911646543) - 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

1994

Legal Domicile

Principal Officer

MICHAEL CAIN

Phone

7194776925

Tax Period

2024-01-01 to 2024-12-31

USA NATIONAL KARATE-DO FEDERATION INC, founded in 1994, is a community nonprofit in the Recreation & Sports sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 4% surplus.

Mission

SPONSORS NATIONAL KARATE COMPETITIONS AND PARTICIPATES IN INTERNATIONAL COMPETITION

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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 $488,092

Program Service Revenue $1,153,446

Investment Income $42

Other Revenue $0

TOTAL REVENUE $1,641,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,098

Fundraising Expenses $0

Program Expenses $1,492,893

Other Expenses $1,407,616

TOTAL EXPENSES $1,575,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,641,580	$1,430,131	+0.1%
Expenses	$1,575,714	$1,463,278	+0.1%
Net Income	$65,866	$-33,147	-3.0%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHAEL DONADIO	DIRECTOR	Director	$0	$0	$0
MATTHEW RALPH	DIRECTOR	Director	$0	$0	$0
PAT HICKEY	DIRECTOR	Director	$0	$0	$0
BRIAN RAMRUP	DIRECTOR	Director	$0	$0	$0
TOM SCOTT	DIRECTOR	Director	$0	$0	$0
BRIAN MERTEL	DIRECTOR	Director	$0	$0	$0
SASHA GERRITSON	DIRECTOR	Director	$0	$0	$0
ELISA AU	DIRECTOR	Director	$0	$0	$0
RAHUL BAWA	CHAIRMAN OF THE BOARD	Officer	$0	$0	$0
MICHAEL CAIN	CEO	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	$1,641,580	$1,575,714	$438,543	$65,866
2023	$1,430,131	$1,463,278	$380,117	$-33,147
2022	$1,014,487	$1,130,343	$311,044	$-115,856
2021	$898,976	$1,251,028	$603,968	$-352,052
2020	$398,494	$670,125	$801,420	$-271,631
2019	$1,595,104	$1,448,296	$1,102,341	$146,808
2018	$1,351,584	$1,286,706	$912,561	$64,878

USA NATIONAL KARATE-DO FEDERATION INC