Kolbe Academy Inc (EIN 942645624) - 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

Legal Domicile

Phone

7072556499

Tax Period

2023-01-01 to 2023-12-31

Kolbe Academy Inc is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $6.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

Provide Classical Education to over 3,500 Home School Students as well as Online Education.

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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 $53,652

Program Service Revenue $5,070,390

Investment Income $6,381

Other Revenue $408,761

TOTAL REVENUE $5,539,184

Expense Breakdown

Grants Paid $193,720

Salaries & Benefits $4,900,217

Fundraising Expenses $0

Program Expenses $4,925,564

Other Expenses $1,014,585

TOTAL EXPENSES $6,108,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,539,184	$4,914,255	+0.1%
Expenses	$6,108,522	$5,741,322	+0.1%
Net Income	$-569,338	$-827,067	-0.3%

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

168

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

$390,710

Total Directors

$4,474

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Rowles	COO	40.00	Officer	$153,935	$0	$153,935
Mary Rowles	CEO	40.00	Officer	$102,125	$0	$102,125
Megan Lengyl	Director	40.00	Officer	$98,650	$0	$98,650
Steve Dilly	CFO	40.00	Officer	$36,000	$0	$36,000
Dianne Muth	Director	2.00	Director	$4,474	$0	$4,474
Tove Ann Purification	Director	2.00	Director	$0	$0	$0
Henry Gundling	Director	2.00	Director	$0	$0	$0
Tony Ryan	Director	2.00	Director	$0	$0	$0
Rebecca Feeney	Director	2.00	Director	$0	$0	$0
Mark Brumley	President	2.00	Officer Director	$0	$0	$0
Brian Muth	Vice President	2.00	Officer Director	$0	$0	$0
Erin Guerrero	Secretary	2.00	Officer 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	$5,539,184	$6,108,522	$2,700,470	$-569,338
2022	$4,914,255	$5,741,322	$2,907,477	$-827,067
2021	$5,240,350	$4,580,165	$4,030,448	$660,185
2020	$5,344,649	$3,283,555	$3,768,987	$2,061,094
2019	$2,517,344	$2,433,706	$1,341,564	$83,638
2018	$2,368,606	$2,487,070	$1,172,351	$-118,464

Kolbe Academy Inc