TREMONT BETTERMENT ASSOCIATION

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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

1976

Legal Domicile

Principal Officer

JULIE MATHIS

Phone

3099259066

Tax Period

2024-01-01 to 2024-12-31

TREMONT BETTERMENT ASSOCIATION, founded in 1976, is a small nonprofit in the Community Improvement sector that reported $110K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 41% operating margin.

Mission

TO PROMOTE THE BETTERMENT OF THE CITIZENS OF TREMONT, ILLINOIS THROUGH GRANTS PROVIDED FROM THE NET PROCEEDS OF THE ANNUAL TREMONT TURKEY FESTIVAL.

Program Service Accomplishments

Program 1

Expenses: $59,386

NET PROCEEDS FROM THE ANNUAL TREMONT TURKEY FESTIVAL ARE USED TO BENEFIT VARIOUS NOT-FOR-PROFIT AND LOCAL GOVERNMENT AGENCIES WITHIN THE TREMONT, IL AREA. SEVERAL LOCAL STUDENTS ALSO RECEIVE...

NET PROCEEDS FROM THE ANNUAL TREMONT TURKEY FESTIVAL ARE USED TO BENEFIT VARIOUS NOT-FOR-PROFIT AND LOCAL GOVERNMENT AGENCIES WITHIN THE TREMONT, IL AREA. SEVERAL LOCAL STUDENTS ALSO RECEIVE SCHOLARSHIPS TOWARDS COLLEGE EDUCATION. SEE REQUIRED DETAILS AT SCHEDULE I.

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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 $44,631

Program Service Revenue $0

Investment Income $2,450

Other Revenue $62,740

TOTAL REVENUE $109,821

Expense Breakdown

Grants Paid $50,650

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,386

Other Expenses $13,621

TOTAL EXPENSES $64,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,821	$90,445	+0.2%
Expenses	$64,271	$48,137	+0.3%
Net Income	$45,550	$42,308	+0.1%

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

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
MICHELLE KREILING	SECRETARY	2.00	Officer Director	$0	$0	$0
DIANE IMIG	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
JULIE MATHIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAURA STEFFEY	TREASURER	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	$109,821	$64,271	$370,280	$45,550
2023	$90,445	$48,137	$334,613	$42,308
2022	$43,270	$59,423	$292,305	$-16,153
2021	$83,238	$69,735	$308,458	$13,503
2020	$40,537	$9,093	$294,955	$31,444
2019	$102,867	$140,954	$263,511	$-38,087
2018	$74,627	$87,016	$301,598	$-12,389