INDEPENDENT ARMORED CAR OPER ASSN (EIN 237352398) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

JOHN MARGARITIS

Phone

2812928208

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT ARMORED CAR OPER ASSN, founded in 1971, is a small nonprofit that reported $282K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $93K, a strong 33% operating margin.

Mission

EDUCATE ARMORED CAR OPERATORS AND PROMOTE HIGH STANDARDS OF OPERATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $68,603

Program Service Revenue $213,171

Investment Income $305

Other Revenue $0

TOTAL REVENUE $282,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,321

Other Expenses $189,082

TOTAL EXPENSES $189,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,079	$223,238	+0.3%
Expenses	$189,082	$217,451	-0.1%
Net Income	$92,997	$5,787	+15.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$54,698

Total Directors

$54,698

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MARGARITIS	SECRETARY	20.00	Officer Director	$54,698	$0	$54,698
DALLAS BARR	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JACK ELDER	COMITTEE MEM	1.00	Director	$0	$0	$0
ERIK EWING	COMMITTEE ME	1.00	Director	$0	$0	$0
AARON HOOPES	PRESIDENT	1.00	Officer Director	$0	$0	$0
RACHEL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ALAN MAHOWALD	DIRECTOR	1.00	Director	$0	$0	$0
ANDRE MCLEAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN MILES	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE NIMS	DIRECTOR	1.00	Director	$0	$0	$0
KYLE PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
RYAN PICKERILL	COMMITTEE ME	1.00	Director	$0	$0	$0
MIKE SALZILLO	DIRECTOR	1.00	Director	$0	$0	$0
SALLYJO STRING-WILSON	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
2024	No data	No data	No data	No data
2023	$282,079	$189,082	$376,144	$92,997
2022	$223,238	$217,451	$283,147	$5,787
2021	$58,893	$70,216	$277,360	$-11,323
2020	$82,848	$96,575	$288,683	$-13,727
2019	$278,709	$154,793	$302,410	$123,916
2018	$204,712	$196,046	$178,494	$8,666

INDEPENDENT ARMORED CAR OPER ASSN