IMPACT ACCEPTANCE CORPORATION

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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

1990

Legal Domicile

Principal Officer

BRETT GERBER

Phone

7154341717

Tax Period

2023-01-01 to 2023-12-31

IMPACT ACCEPTANCE CORPORATION, founded in 1990, is a micro nonprofit in the Community Improvement sector that reported $39K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 76% operating deficit.

Mission

PROVIDE RURAL DEVELOPMENT LOANS

Program Service Accomplishments

Program 1

Expenses: $55,263 Revenue: $37,284

IMPACT ACCEPTANCE CORPORATION (THE CORPORATION) WAS FORMED TO BE AN INTERMEDIARY IN ORDER TO ADMINISTER A LOAN FROM THE INTERMEDIARY RELENDING PROGRAM (IRP) OF RURAL DEVELOPMENT. THE IRP IS A PROGRAM OPERATED INTERMEDIARY WHEREBY THE INTERMEDIARY USES LOAN FUNDS RECEIVED FROM RURAL DEVELOPMENT, ALONG WITH ANY OTHER AVAILABLE FUNDS, TO MAKE LOANS TO ULTIMATE RECIPIENTS. RELENDING PROGRAMS WILL NORMALLY ESTABLISH REVOLVING FUNDS SO THAT INCOME FROM LOANS MADE TO ULTIMATE RECIPIENTS, IN EXCESS OF NECESSARY OPERATING EXPENSES AND DEBT PAYMENTS, WILL BE USED TO MAKE ADDITIONAL LOANS TO ULTIMATE RECIPIENTS. AT THE END OF 2023, THE ORGANIZATION HAD LOAN RECEIVABLES TOTALING $372,854.

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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 $37,044

Investment Income $1,295

Other Revenue $240

TOTAL REVENUE $38,579

Expense Breakdown

Grants Paid $52,598

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,263

Other Expenses $15,397

TOTAL EXPENSES $67,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,579	$57,801	-0.3%
Expenses	$67,995	$15,576	+3.4%
Net Income	$-29,416	$42,225	-1.7%

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

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

$802,770

Total Directors

$946,367

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT GERBER	PRESIDENT/CEO	1.00	Officer Director	$0	$138,859	$648,255
TERRA PAWLIUK-MCGIFFIN	SECRETARY/TREASURER	1.00	Officer Director	$0	$38,244	$154,515
CAROLINE LOYAS	DIRECTOR	1.00	Director	$0	$30,189	$143,597

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	$38,579	$67,995	$1,489,497	$-29,416
2022	$57,801	$15,576	$1,549,041	$42,225
2021	$83,745	$17,072	$1,533,284	$66,673
2020	$77,130	$16,209	$1,593,937	$60,921
2019	$79,779	$17,377	$1,659,388	$62,402
2018	$469,375	$17,081	$1,722,106	$452,294