IMA RECREATION ASSOCIATION (EIN 383393557) - 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

1998

Legal Domicile

Principal Officer

DAN SMITH

Phone

8107424930

Tax Period

2024-01-01 to 2024-12-31

IMA RECREATION ASSOCIATION, founded in 1998, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE IMA RECREATION ASSOCIATION IS TO PROVIDE RECREATIONAL PROGRAMS AND OPPORTUNITIES FOR CHILDREN AND FAMILIES THROUGHOUT THE GENESEE COUNTY COMMUNITY. IMA PROGRAMS SUPPORT SPORTS, RECREATION AND EDUCATION, WHILE FOSTERING GOOD CITIZENSHIP AND TEAM EFFORTS.

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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 $12,208

Program Service Revenue $1,260,715

Investment Income $5,906

Other Revenue $16,810

TOTAL REVENUE $1,295,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $669,241

Fundraising Expenses $17,101

Program Expenses $1,135,709

Other Expenses $649,630

TOTAL EXPENSES $1,318,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,295,639	$1,247,819	+0.0%
Expenses	$1,318,871	$1,267,917	+0.0%
Net Income	$-23,232	$-20,098	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON CHARCHAN	PRESIDENT	7.00	Officer	$0	$0	$0
TOM SVITKOVICH	VICE PRESIDE	5.00	Officer	$0	$0	$0
DAN SMITH	SECRETARY/TR	15.00	Officer	$0	$0	$0
TONY CURNOW	PAST PRESIDE	5.00	Officer	$0	$0	$0
GENE RIDLEY	DIRECTOR	3.00	Director	$0	$0	$0
STEVE DAWES	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT JENKINS	DIRECTOR	4.00	Director	$0	$0	$0
OMAR SIMS	AT LARGE	3.00	Director	$0	$0	$0
ALLEN GAMBLE	AT LARGE	3.00	Director	$0	$0	$0
JEFFERY SABOLISH	AT LARGE	3.00	Director	$0	$0	$0
LARRY MATHEWS	AT LARGE	3.00	Director	$0	$0	$0
ERIC WELTER	AT LARGE	3.00	Director	$0	$0	$0
JOHN MATONICH	EMERITUS	3.00	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	$1,295,639	$1,318,871	$1,272,459	$-23,232
2023	$1,247,819	$1,267,917	$1,265,989	$-20,098
2022	$1,265,779	$1,227,564	$1,245,059	$38,215
2021	$1,238,118	$1,051,520	$1,179,426	$186,598
2020	$939,967	$902,895	$1,066,982	$37,072
2019	$1,150,864	$1,172,672	$1,078,007	$-21,808
2018	$1,102,734	$1,163,559	$1,107,729	$-60,825

IMA RECREATION ASSOCIATION