INDUSTRIAL AREAS FOUNDATION

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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

1940

Legal Domicile

Principal Officer

MARTIN TRIMBLE

Phone

3123609211

Tax Period

2023-01-01 to 2023-12-31

INDUSTRIAL AREAS FOUNDATION, founded in 1940, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 6% surplus.

Mission

THE LEADERS AND ORGANIZERS OF THE INDUSTRIAL AREAS FOUNDATION ("IAF") BUILD ORGANIZATIONS WHOSE PRIMARY PURPOSE IS POWER - THE ABILITY TO ACT - AND WHOSE CHIEF PRODUCT IS SOCIAL CHANGE. THEY CONTINUE TO PRACTICE WHAT THE FOUNDING FATHERS PREACHED: THE ONGOING ATTEMPT TO MAKE LIFE, LIBERTY, AND THE PURSUIT OF HAPPINES EVERYDAY REALITIES FOR MORE AND MORE AMERICANS. THE IAF IS NON-IDEOLOGICAL AND STRICTLY NON-PARTISAN, BUT PROUDLY, PUBLICLY, AND PERSISTENTLY POLITICAL. THE IAF BUILDS A POLITICAL BASE WITHIN SOCIETY'S RICH AND COMPLEX THIRD SECTOR - THE SECTOR OF VOLUNTARY INSTITUTIONS THAT INCLUDES RELIGIOUS CONGREGATIONS, LABOR LOCALS, HOMEOWNER GROUPS, RECOERY GROUPS, PARENTS ASSOCIATIONS, SETTLEMENT HOUSES, IMMIGRANT SOCIETIES, SCHOOLS, SEMINARIES, ORDERS OF MEN AND WOMEN RELIGIOUS, AND OTHERS. AND THEN THE LEADERS USE THAT BASE TO COMPETE AT TIMES, TO CONFRONT AT TIMES, AND TO COOPERATE AT TIMES WITH LEADERS IN THE PUBLIC AND PRIVATE SECTORS. THE IAF DEVELOPS ORGANIZATIONS THAT USE POWER - ORGANIZED PEOPLE AND ORGANIZED MONEY - IN EFFECTIVE WAYS. THE SECRET TO THE IAF'S SUCCESS LIES IN ITS COMMITMENT TO IDENTIFY, RECRUIT, TRAIN, AND DEVELOP LEADERS IN EVERY CORNER OF EVERY COMMUNITY WHERE IAF WORKS. THE IAF IS INDEED A RADICAL ORGANIZATION IN THIS SPECIFIC SENSE: IT HAS A RADICAL BELIEF IN THE POTENTIAL OF THE VAST MAJORITY OF PEOPLE TO GROW AND DEVELOP AS LEADERS, TO BE FULL MEMBERS OF THE BODY POLITIC, TO SPEAK AND ACT WITH OTHERS ON THEIR OWN BEHALF. AND IAF DOES INDEED USE A RADICAL TACTIC: THE FACE-TO-FACE, ONE-ON-ONE INDIVIDUAL MEETING WHOSE PURPOSE IS TO INITIATE A PUBLIC RELATIONSHIPS AND TO RE-KNIT THE FRAYED SOCIAL FABRIC. THE LIVING REALITY OF THE IAF IS OVERWHELMINGLY PRESENT IN THE IAF AFFILIATES FUNCTIONING IN VARIOUS STATES WITHIN THE US, AND OTHER COUNTRIES. REGIONAL GATHERINGS OF THOSE LOCAL GROUPS - METRO IAF IN THE EASTERN HALF OF THE US AND SOUTHWEST/WEST IAF IN THE WESTERN HALF OF THE UNITED STATES - ALSO MEET, PLAN AND TAKE ACTION. NATIONAL IAF CONDUCTS AN ANNUAL 7-DAY INTENSIVE TRAINING SESSION AND SETS STANDARDS FOR THE AFFILIATES AND PROFESSIONAL ORGANIZERS WORKING WITHIN THE IAF NETWORK.

Program Service Accomplishments

Program 1

Expenses: $1,326,994 Revenue: $1,356,324

SUPPORT, TRAINING AND CONVENTIONS SERVING SPONSORING ORGANIZATIONS

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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 $200,250

Program Service Revenue $1,349,029

Investment Income $18,539

Other Revenue $7,295

TOTAL REVENUE $1,575,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $637,135

Fundraising Expenses $0

Program Expenses $1,326,994

Other Expenses $147,451

TOTAL EXPENSES $1,473,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,575,113	$2,027,320	-0.2%
Expenses	$1,473,395	$2,243,323	-0.3%
Net Income	$101,718	$-216,003	-1.5%

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

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

$475,092

Total Directors

$576,919

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGIANNA GLEASON	CHAIR	1.00	Officer Director	$0	$0	$0
BISHOP JOEL N MARTINEZ	SECRETARY/CO-CHAIR	1.00	Officer Director	$0	$0	$0
EDUARDO ANAYA	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT J MORIARTY	DIRECTOR	1.00	Director	$0	$0	$0
YUSUFI VALI	DIRECTOR	1.00	Director	$0	$0	$0
ERNESTO CORTES JR	DIRECTOR	1.00	Director	$85,000	$16,827	$101,827
MARTIN TRIMBLE	CO-DIRECTOR	40.00	Officer Director	$171,360	$64,146	$235,506
JOE RUBIO	CO-DIRECTOR	40.00	Officer Director	$171,360	$68,226	$239,586

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	$1,575,113	$1,473,395	$1,655,297	$101,718
2022	$2,027,320	$2,243,323	$1,760,604	$-216,003
2021	$2,067,796	$1,666,619	$1,849,584	$401,177
2020	$2,007,574	$1,675,844	$1,508,898	$331,730
2019	$1,600,626	$1,719,444	$1,147,105	$-118,818
2018	$1,584,063	$1,959,240	$1,274,613	$-375,177