KOSELIG ACADEMY (EIN 993306675) - 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

2024

Legal Domicile

Principal Officer

KELLY GIGSTAD

Phone

3202353311

Tax Period

2024-07-01 to 2025-06-30

KOSELIG ACADEMY, founded in 2024, is a micro nonprofit in the Education sector that reported $74K in total revenue in fiscal year 2024. Expenses of $64K left a modest 14% surplus.

Mission

KOSELIG ACADEMY IS A NON-PROFIT EDUCATIONAL ORGANIZATION THAT OFFERS A MODERN, COOPERATIVE HOMESCHOOLING EXPERIANCE FOR STUDENTS. WE PROVIDE A SAFE, INCLUSIVE LEARNING ENVIRONMENT WHERE FAMILIES CAN PARTICIPATE IN THEIR CHILDREN'S EDUCATION, EMPHASIZING A HOLISTIC APPROACH TO DEVELOPMENT. THE ACADEMY IS OPEN TO STUDENTS AGES 4 AND UP, AND WHILE NOT A TRADITIONAL PUBLIC OR PRIVATE SCHOOL, IT OPERATES AS AN ALTERNATIVE EDUCATIONAL SPACE THAT FOSTERS CREATIVITY, CRITICAL THINKING AND COMMUNITY ENGAGEMENT.

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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 $34,704

Program Service Revenue $39,263

Investment Income $41

Other Revenue $0

TOTAL REVENUE $74,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,101

Fundraising Expenses $0

Program Expenses $59,550

Other Expenses $14,549

TOTAL EXPENSES $63,650

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,008	N/A	N/A
Expenses	$63,650	N/A	N/A
Net Income	$10,358	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

Employees

Volunteers

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
LAURA AGRE	TREASURER	4.00	Officer Director	$0	$0	$0
NORA ANDERSON	TRUSTEE	4.00	Director	$0	$0	$0
ISABEL BAGSTAD	DIRECTOR	0.50	Director	$0	$0	$0
KELLY GIGSTAD	PRESIDENT	4.00	Officer Director	$0	$0	$0
ANDREA HAMRE	DIRECTOR	1.00	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
2025	$74,008	$63,650	$10,358	$10,358

KOSELIG ACADEMY