WABASH COUNTY BUSINESS ALLIANCE FOUNDATION INC (EIN 351538747) - 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

1980

Legal Domicile

Principal Officer

TENILLE ZARTMAN

Phone

2605635258

Tax Period

2024-01-01 to 2024-12-31

WABASH COUNTY BUSINESS ALLIANCE FOUNDATION INC, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $124K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $280K exceeded revenue, resulting in a 126% operating deficit.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT AND INDUSTRIAL GROWTH IN WABASH COUNTY.

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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 $118,800

Program Service Revenue $0

Investment Income $5,318

Other Revenue $0

TOTAL REVENUE $124,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $280,367

Other Expenses $280,390

TOTAL EXPENSES $280,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$124,118	$234,051	-0.5%
Expenses	$280,390	$315,755	-0.1%
Net Income	$-156,272	$-81,704	+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

Employees

N/A

Volunteers

100

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

$118,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TENILLE ZARTMAN	CEO/PRES	40.00	Officer	$0	$0	$118,000
BRIAN HAUPERT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SCOTT LONG	TREASURER	2.00	Officer Director	$0	$0	$0
TOD MINNICH	SECRETARY	2.00	Officer Director	$0	$0	$0
ADAM PENROD	CHAIR	2.00	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
2024	$124,118	$280,390	$1,066,662	$-156,272
2023	$234,051	$315,755	$1,222,934	$-81,704
2022	$671,219	$647,498	$1,304,637	$23,721
2021	$221,446	$21,000	$1,280,916	$200,446
2020	$283,893	$1,323	$1,080,471	$282,570
2019	$329,460	$4,054	$797,900	$325,406
2018	$218,065	$245,852	$472,494	$-27,787

WABASH COUNTY BUSINESS ALLIANCE FOUNDATION INC