K12C SOLUTIONS (EIN 923924596) - 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

2023

Legal Domicile

Principal Officer

STEVEN HODAS

Phone

6163312188

Tax Period

2023-07-01 to 2024-06-30

K12C SOLUTIONS, founded in 2023, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 1386% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 60% operating margin.

Mission

K12C SOLUTIONS PROVIDES TRAINING, PERSONNEL, AND SERVICES TO SCHOOLS, COMMUNITY GROUPS, AND FAMILIES IN SUPPORT OF ACADEMIC, SOCIAL-EMOTIONAL, AND CAREER ACHIEVEMENT TO FURTHER THE UNIVERSITY'S MISSION.

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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 $1,480,000

Program Service Revenue $1,537,915

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,017,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,210,054

Other Expenses $1,212,824

TOTAL EXPENSES $1,212,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,017,915	$203,124	+13.9%
Expenses	$1,212,824	$15,619	+76.7%
Net Income	$1,805,091	$187,505	+8.6%

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

N/A

Employees

267

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

$996,487

Total Directors

$851,061

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE BERNAL	VICE PRESIDENT	0.30	Officer Director	$0	$52,908	$336,320
ROBERT KIMBALL	SECRETARY/TREASURER	4.00	Officer Director	$0	$53,993	$274,759
STEVEN HODAS	EXECUTIVE CHAIR/PRESIDENT	20.00	Officer Director	$0	$21,097	$239,982
AMIRAH VOSBURGH	CHIEF EXECUTIVE OFFICER	50.00	Officer	$0	$41,071	$145,426

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
2025	No data	No data	No data	No data
2024	$3,017,915	$1,212,824	$1,992,596	$1,805,091
2023	$203,124	$15,619	$203,124	$187,505

K12C SOLUTIONS