STATEWIDE TOWING ASSOCIATION INC (EIN 237121457) - 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

1970

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

STATEWIDE TOWING ASSOCIATION INC, founded in 1970, is a small nonprofit that reported $199K in total revenue in fiscal year 2023. The organization ran a surplus of $69K, a strong 35% operating margin.

Mission

THE ORGANIZATIONS EXEMPT PURPOSE IS TO EDUCATE MEMBERS AND THE PUBLIC ABOUT THE ISSUES AND COMPLEXITIES RELATING TO TOWING AND RECOVERY SERVICES. THE ORGANIZATION DISCLOSES ISSUES AND PROBLEMS OF TOWING AND RECOVERY TO MEMBERS AND THE GENERAL PUBLIC.

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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 $151,828

Program Service Revenue $45,718

Investment Income $1,577

Other Revenue $0

TOTAL REVENUE $199,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,710

Fundraising Expenses $20,308

Program Expenses $70,624

Other Expenses $72,687

TOTAL EXPENSES $130,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$199,123	N/A	N/A
Expenses	$130,397	N/A	N/A
Net Income	$68,726	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

$50,606

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY LOWELL	KEY EMPLOYEE	0.00	Key Emp Highest	$50,606	$0	$50,606
NATHAN BUCKLER	DIRECTOR	5.00	Director	$0	$0	$0
FRAN MURRAY	DIRECTOR	5.00	Director	$0	$0	$0
JAMES EARLY	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN FOURNIER	DIRECTOR	5.00	Director	$0	$0	$0
JEREMY PROCON	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL PENACHO	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM JOHNSON	PAST PRESIDENT	10.00	Director	$0	$0	$0
NICHOLAS PIRRO III	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL IGO	DIRECTOR	5.00	Director	$0	$0	$0
TODD CHSE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN DIRENZO JR	PRESIDENT	40.00	Officer Director	$0	$0	$0
FRED NICOLOSI	SECRETARY	5.00	Officer Director	$0	$0	$0
MICHAEL ASPESI	TREASURER	10.00	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
2023	$199,123	$130,397	$181,453	$68,726
2023	$244,619	$175,893	$181,453	$68,726

STATEWIDE TOWING ASSOCIATION INC