POLK VISION INC (EIN 200141870) - 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

2003

Legal Domicile

Principal Officer

KIM LONG

Phone

8636694932

Tax Period

2024-01-01 to 2024-12-31

POLK VISION INC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $507K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

POLK VISION UNITES VOLUNTEERS THROUGH PARTNERSHIPS TO ENHANCE POLK COUNTY'S QUALITY OF LIFE

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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 $417,444

Program Service Revenue $85,884

Investment Income $2,078

Other Revenue $1,400

TOTAL REVENUE $506,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,615

Fundraising Expenses $0

Program Expenses $463,382

Other Expenses $214,791

TOTAL EXPENSES $524,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$506,806	$401,586	+0.3%
Expenses	$524,406	$421,100	+0.2%
Net Income	$-17,600	$-19,514	-0.1%

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

501

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

$112,290

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA FALCONETTI	CHAIR / IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
STACY BUTTERFIELD	IMMEDIATE PAST CHAIR / DIRECTOR	2.00	Officer Director	$0	$0	$0
SEAN MALOTT	CHAIR ELECT / CHAIR	3.00	Officer Director	$0	$0	$0
NICK PLOTT	TREASURER / CHAIR ELECT	2.00	Officer Director	$0	$0	$0
DANIELLE DRUMMOND	DIRECTOR / TREASURER	1.00	Officer Director	$0	$0	$0
TERESA MARTINEZ	SECRETARY	2.00	Officer Director	$0	$0	$0
ASHLEY BELL BARNETT	DIRECTOR - AS OF 8/24	1.00	Director	$0	$0	$0
BILL BEASLEY	DIRECTOR	1.00	Director	$0	$0	$0
NAOMI BOYER	DIRECTOR - THRU 8/24	3.00	Director	$0	$0	$0
BRAD DANTZLER	DIRECTOR	1.00	Director	$0	$0	$0
GENE FULTZ	DIRECTOR - THRU 8/24	1.00	Director	$0	$0	$0
FREDERICK HEID	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
GRADY JUDD	DIRECTOR	1.00	Director	$0	$0	$0
GREG LITTLETON	DIRECTOR	1.00	Director	$0	$0	$0
LISA MILLER	DIRECTOR - AS OF 8/24	1.00	Director	$0	$0	$0
ALEX NIKDEL	DIRECTOR	1.00	Director	$0	$0	$0
SEAN PARKER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE SAMUEL	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA SANTIAGO	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN SHERROUSE	DIRECTOR	1.00	Director	$0	$0	$0
SARA BETH WYATT	DIRECTOR - THRU 8/24	1.00	Director	$0	$0	$0
MARC ZIMMERMAN	DIRECTOR - AS OF 8/24	3.00	Director	$0	$0	$0
KIM LONG	EXECUTIVE DIRECTOR	50.00	Officer	$106,623	$5,667	$112,290

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	$506,806	$524,406	$763,747	$-17,600
2023	$401,586	$421,100	$724,807	$-19,514
2022	$468,304	$421,532	$745,070	$46,772
2021	$511,251	$405,410	$702,729	$105,841
2020	$401,342	$315,052	$592,035	$86,290
2019	$385,493	$413,489	$507,963	$-27,996
2018	$438,378	$353,319	$534,866	$85,059

POLK VISION INC