Inlet Area Business Association IA… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

DAVID P SCRANTON

Phone

3153575501

Tax Period

2022-01-01 to 2022-12-31

Inlet Area Business Association IABA, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $28K in total revenue in fiscal year 2022. Revenue surged 274% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7K, a strong 23% operating margin.

Mission

The purpose of the IABA is to help improve the business economy in the Town of Inlet and the surrounding area, to act as publicity bureau for the same, and to advance the business interests of said area.

Program Service Accomplishments

Program 1

Expenses: $2,050 Revenue: $574

Champagne bus provided on New Years Eve to shuttle patrons between local establishments.

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,934

Program Service Revenue $0

Investment Income $7

Other Revenue $19,495

TOTAL REVENUE $28,436

Expense Breakdown

Grants Paid $15,750

Salaries & Benefits $0

Fundraising Expenses $5,530

Program Expenses $2,050

Other Expenses $6,175

TOTAL EXPENSES $21,925

Year-over-Year Comparison

	2022	2021	Change
Revenue	$28,436	$7,611	+2.7%
Expenses	$21,925	$4,150	+4.3%
Net Income	$6,511	$3,461	+0.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SCRANTON	Chairman	N/A	Officer	$0	$0	$0
JANE SLACK	Treasurer	N/A	Officer	$0	$0	$0
DANICIA NERSCHOOK	Secretary	N/A	Officer	$0	$0	$0
LYNN DURKIN	Vice Chairman	N/A	Officer	$0	$0	$0
ADELE MURDOCK BURNETT	Inlet Information	N/A	Director	$0	$0	$0
CONNIE PERRY	At Large	N/A	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
2022	$28,436	$21,925	$74,686	$6,511
2021	$7,611	$4,150	$117,341	$3,461
2019	$33,835	$24,751	$98,236	$9,084

Inlet Area Business Association IABA