ILLIANA WATERMELON ASSOCIATION INC (EIN 351814929) - 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

1990

Legal Domicile

Principal Officer

CODY SMITH

Phone

8128861051

Tax Period

2024-01-01 to 2024-12-31

ILLIANA WATERMELON ASSOCIATION INC, founded in 1990, is a small nonprofit that reported $386K in total revenue in fiscal year 2024. The organization ran a surplus of $84K, a strong 22% operating margin.

Mission

THE ASSOCIATION IS PROMOTING INDIANA GROWN WATERMELONS ON A NATIONAL LEVEL. THE GOAL IS TO INCREASE THE MARKET SHARE OF INDIANA GROWN WATERMELONS.

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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 $303,918

Program Service Revenue $0

Investment Income $8,477

Other Revenue $73,957

TOTAL REVENUE $386,352

Expense Breakdown

Grants Paid $36,750

Salaries & Benefits $52,824

Fundraising Expenses $0

Program Expenses $302,037

Other Expenses $212,463

TOTAL EXPENSES $302,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$386,352	$381,966	+0.0%
Expenses	$302,037	$325,212	-0.1%
Net Income	$84,315	$56,754	+0.5%

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

$39,865

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE SMITH	TREASURER	3.00	Officer	$16,823	$0	$16,823
CODY RAY SMITH	CHAIRMAN	3.00	Officer	$0	$0	$0
LANA BROTHERS	PROMOTION COORDINATOR	5.00	Officer	$23,042	$0	$23,042
CHELSEY CARDINAL	2ND VICE PRESIDENT	5.00	Officer	$0	$0	$0
ROB BEETS	PRESIDENT	5.00	Officer	$0	$0	$0
RENEE GOODWIN	1ST VICE PRESIDENT	5.00	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	$386,352	$302,037	$518,297	$84,315
2023	$381,966	$325,212	$434,732	$56,754
2022	$364,587	$276,670	$375,186	$87,917
2021	$61,805	$115,863	$286,257	$-54,058
2020	$240,601	$163,115	$341,064	$77,486
2019	$184,529	$293,725	$259,293	$-109,196
2018	$269,757	$128,664	$368,747	$141,093

ILLIANA WATERMELON ASSOCIATION INC