IRON COUNTY RESOURCE DEVELOPMENT ASSOCIATION INC (EIN 391040414) - 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

1963

Legal Domicile

Principal Officer

DAVID TRACZYK

Phone

7155613299

Tax Period

2019-01-01 to 2019-12-31

IRON COUNTY RESOURCE DEVELOPMENT ASSOCIATION INC, founded in 1963, is a micro nonprofit that reported $27K in total revenue in fiscal year 2019. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $58K exceeded revenue, resulting in a 118% operating deficit.

Mission

PROMOTE ECONOMIC DEVELOPMENT

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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 (2019)

Revenue Breakdown

Contributions & Grants $16,344

Program Service Revenue $0

Investment Income $10,254

Other Revenue $0

TOTAL REVENUE $26,598

Expense Breakdown

Grants Paid $31,448

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $26,577

TOTAL EXPENSES $58,025

Year-over-Year Comparison

	2019	2018	Change
Revenue	$26,598	$102,656	-0.7%
Expenses	$58,025	$84,990	-0.3%
Net Income	$-31,427	$17,666	-2.8%

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
DONNA REINERIO	BOARD MEMBER	1.00	Director	$0	$0	$0
DONN ROWE	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY ERICKSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL ZACHARIAS	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY CORULLO	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID TRACZYK	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT ERICKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER STURGUL	SECERTARY-TREAS	1.00	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
2019	$26,598	$58,025	$481,223	$-31,427
2018	$102,656	$84,990	$513,079	$17,666

IRON COUNTY RESOURCE DEVELOPMENT ASSOCIATION INC