INDUSTRIAL AREAS FOUNDATION (EIN 362334627) - 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

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

IAF LEADERS AND ORGANIZERS FIRST CREATE INDEPENDENT ORGANIZATIONS, MADE UP OF PEOPLE FROM ALL RACES AND ALL CLASSES, FOCUSED ON PRODUCTIVE IMPROVEMENTS IN THE PUBLIC ARENA. IAF MEMBERS THEN USE THOSE NEW POLITICAL REALITIES TO INVENT AND ESTABLISH NEW SOCIAL REALITIES.

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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

INDUSTRIAL AREAS FOUNDATION