Konbit (EIN 933648581) - 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

Principal Officer

Kirstopher Coleman

Tax Period

2024-01-01 to 2024-12-31

Konbit, founded in 2023, is a small nonprofit that reported $230K in total revenue in fiscal year 2024. Expenses of $213K left a modest 7% surplus.

Mission

To strengthen and support the community by providing Bible studies, feeding programs, after-school tutoring, financial assistance for business startups, community engagement activities, building projects, and Vacation Bible School, all rooted in faith-based principles.

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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 $230,042

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $230,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,050

Fundraising Expenses $0

Program Expenses $109,060

Other Expenses $134,383

TOTAL EXPENSES $213,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,042	N/A	N/A
Expenses	$213,433	N/A	N/A
Net Income	$16,609	N/A	N/A

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

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

$69,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rachael Coleman	Vice President	30.00	Director	$38,500	$0	$38,500
Kristopher Coleman	President	20.00	Director	$30,800	$0	$30,800
Kenneth Coleman	Secretary	10.00	Director	$0	$0	$0
Katrina Coleman	Treasurer	10.00	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	$230,042	$213,433	$16,609	$16,609

Konbit