IMHS ACADEMIC BOOSTER CLUB (EIN 383319555) - 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

1996

Legal Domicile

Principal Officer

RUSSELL KASSIN

Phone

9067792600

Tax Period

2023-07-01 to 2024-06-30

IMHS ACADEMIC BOOSTER CLUB, founded in 1996, is a micro nonprofit in the Education sector that reported $8K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $6K, a strong 77% operating margin.

Mission

TO SUPPORT THE ACADEMIC PROGRAMS AT IRON MOUNTAIN HIGH SCHOOL.

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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 $0

Program Service Revenue $0

Investment Income $8,110

Other Revenue $0

TOTAL REVENUE $8,110

Expense Breakdown

Grants Paid $400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $400

Other Expenses $1,445

TOTAL EXPENSES $1,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,110	$9,279	-0.1%
Expenses	$1,845	$5,912	-0.7%
Net Income	$6,265	$3,367	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARB SCHEIBE	DIRECTOR	1.00	Director	$0	$0	$0
DENISE JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA KOERSCHNER	DIRECTOR	1.00	Director	$0	$0	$0
JERRY SARDINA	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MOREL	DIRECTOR	1.00	Director	$0	$0	$0
RUTH TRUSCOTT	DIRECTOR	1.00	Director	$0	$0	$0
JOY KASSIN	DIRECTOR	1.00	Director	$0	$0	$0
AMY RYAN	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL KASSIN	PRESIDENT	1.00	Officer	$0	$0	$0
SHANNON POWELL	SECRETARY	1.00	Officer	$0	$0	$0
AMY RAMME	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ANGELA MCLEAN	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	$8,110	$1,845	$204,430	$6,265
2023	$9,279	$5,912	$185,728	$3,367
2022	$9,576	$4,828	$180,548	$4,748
2021	$9,386	$6,372	$213,841	$3,014
2020	$6,857	$4,469	$183,046	$2,388
2019	$12,408	$10,122	$177,310	$2,286

IMHS ACADEMIC BOOSTER CLUB