INDEPENDENT PLEASURE & BENEFIT CLUB (EIN 350406690) - 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

1910

Principal Officer

MIKE JONES

Phone

3179237369

Tax Period

2023-03-01 to 2024-02-29

INDEPENDENT PLEASURE & BENEFIT CLUB, founded in 1910, is a micro nonprofit that reported $57K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $49K left a modest 14% surplus.

Mission

TO PROMOTE SOCIAL INTERCOURSE AMONG MEMBERS AND TO HELP ONE ANOTHER MORALLY AND INTELLECTUALLY.

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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 $15,363

Program Service Revenue $4,087

Investment Income $0

Other Revenue $37,734

TOTAL REVENUE $57,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $49,113

TOTAL EXPENSES $49,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,184	$50,120	+0.1%
Expenses	$49,113	$50,933	0.0%
Net Income	$8,071	$-813	-10.9%

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

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
KEVIN CLARK	DIRECTOR	N/A	Director	$0	$0	$0
DAN HILL	DIRECTOR	N/A	Director	$0	$0	$0
VIRGIL KAUFMAN	CHAIRMAN	N/A	Director	$0	$0	$0
BARRY MCKINNEY	DIRECTOR	N/A	Director	$0	$0	$0
JOE STONE	DIRECTOR	N/A	Director	$0	$0	$0
MIKE CASSIDY	VICE PRESIDE	N/A	Officer	$0	$0	$0
BRIAN JONES	PRESIDENT	N/A	Officer	$0	$0	$0
MIKE JONES	SECRETARY/TR	N/A	Officer	$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	$57,184	$49,113	$53,097	$8,071
2023	$50,120	$50,933	$47,670	$-813
2022	$54,781	$59,508	$49,708	$-4,727
2021	$25,459	$49,327	$54,137	$-23,868
2020	$61,327	$44,105	$39,122	$17,222

INDEPENDENT PLEASURE & BENEFIT CLUB