MID-IOWA COMMUNITY ACTION INC

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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

1965

Legal Domicile

Principal Officer

CLARISSA THOMPSON

Phone

6417527162

Tax Period

2023-10-01 to 2024-09-30

MID-IOWA COMMUNITY ACTION INC, founded in 1965, is a mid-sized nonprofit in the Community Improvement sector that reported $16.2M in total revenue in fiscal year 2023.

Mission

MICA HELPS FAMILIES EXPERENCING POVERTY MEET THEIR NEEDS, BUILD ON THEIR STRENGTHS, AND ACHIEVE THEIR GOALS.

Program Service Accomplishments

Program 1

Expenses: $6,870,256 Revenue: $35,927

MID-IOWA COMMUNITY ACTION INC (MICA) WAS FUNDED TO SERVE 173 PRESCHOOL HEAD START & 76 EARLY HEAD START CHILDREN AND FAMILIES. PRESCHOOL HEAD START SERVED A TOTAL OF 207 PRESCHOOL CHILDREN AND EARLY HEAD START SERVED A TOTAL OF 100 INFANTS AND TODDLERS AND 9 PREGNANT WOMEN DURING THE 2023-2024 SCHOOL YEAR. PRESCHOOLERS ENROLLED IN THE MICA EARLY HEAD START (EHS) PROGRAM RECEIVED CHILD DEVELOPMENT SERVICES THROUGH CENTER-BASED PROGRAMMING OR HOME-BASED PROGRAMMING. PRESCHOOLERS ENROLLED IN THE MICA PRESCHOOL HEAD START (HS) PROGRAM RECEIVED CHILD DEVELOPMENT SERVICES THROUGH CENTER-BASED PROGRAMMING OR HOME-BASED PROGRAMMING. CHILDREN RECEIVING SERVICES IN CENTER-BASED PROGRAMMING WERE PROVIDED NUTRITIOUS FOOD THAT MET USDA CHILD AND ADULT CARE FOOD PROGRAM REQUIREMENTS. ENROLLED CHILDREN RECEIVED SCREENINGS, INCLUDING DEVELOPMENTAL, SOCIAL-EMOTIONAL, HEARING, VISION, COMMUNICATION SKILLS, NUTRITION AND BLOOD LEAD LEVEL SCREENINGS. OF THE HEAD START CHILDREN SERVED, 25% HAD A DIAGNOSED DISABILITY AND 28% OF THE EARLY HEAD START CHILDREN SERVED HAD A DIAGNOSED DISABILITY. ALL EHS AND HS CHILDREN DIAGNOSED WITH A DISABILITY RECEIVED INTERVENTION SERVICES. FAMILIES OF ENROLLED CHILDREN RECEIVED ASSESSMENTS AND REFERRAL SERVICES, HOME VISITS, SOCIALIZATION OPPORTUNITIES, PARENT EDUCATION TRAINING AND LEADERSHIP OPPORTUNITIES. E.G. POLICY COUNCIL.

Program 2

Expenses: $4,613,939 Revenue: $22,710

THE WEATHERIZATION PROGRAM PROVIDES ASSISTANCE TO LOW-INCOME HOUSEHOLDS IN WEATHERIZING THEIR HOMES. DURING THIS FISCAL YEAR, MICA COMPLETED THE WEATHERIZATION OF 72 HOMES AT AN AVERAGE COST OF...

THE WEATHERIZATION PROGRAM PROVIDES ASSISTANCE TO LOW-INCOME HOUSEHOLDS IN WEATHERIZING THEIR HOMES. DURING THIS FISCAL YEAR, MICA COMPLETED THE WEATHERIZATION OF 72 HOMES AT AN AVERAGE COST OF $20,876.61 EACH. ANOTHER 26 HOMES WERE SURVEYED AND NOT FOUND SUITABLE FOR WEATHERIZATION DURING THIS TIME. THIS MADE FOR A TOTAL OF 98 HOMES FOR THE FISCAL YEAR. THE LOW-INCOME HOME ENERGY ASSISTANCE PROGRAM PROVIDES ASSISTANCE TO LOW-INCOME HOUSEHOLDS IN PAYING THEIR HEAT BILLS. DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2024, MID-IOWA COMMUNITY ACTION, INC (MICA) PROVIDED ASSISTANCE TO 3,407 FAMILIES. UNDER THE PROJECT UTILITIES AND EMBRACE PROGRAMS, 903 FAMILIES RECEIVED ASSISTANCE DURING THE FISCAL YEAR.

Program 3

Expenses: $2,398,043 Revenue: $202,517

PROGRAMS FOCUS ON REFERRAL SERVICES, CONNECTING PEOPLE WITH HEALTH CARE, DENTAL CARE, AND MENTAL HEALTH CARE PROVIDERS IN THEIR AREA. PROGRAMS ALSO PROVIDE EARLY AND PERIODIC SCREENINGS AND REFERRALS FOR CHILDREN, SO PARENTS CAN MAKE INFORMED DECISIONS ABOUT THEIR CHILDREN'S HEALTH. PROGRAMS INCLUDE WOMEN, INFANTS & CHILDREN (WIC) WHICH PROVIDES NUTRITIONAL ASSISTANCE AND EDUCATION TO ELIGIBLE LOW-INCOME WOMEN WHO ARE PREGNANT, ARE BREASTFEEDING MOTHERS, OR WHO HAVE AN INFANT CHILD UNDER THE AGE OF FIVE YEARS. 6,057 INDIVIDUALS PARTICIPATED IN WIC DURING THE FISCAL YEAR. DENTAL - THE I-SMILE PROGRAM FOR CHILDREN'S DENTAL CARE, AND SEALANTS APPLIED IN LOCAL SCHOOL DISTRICTS TO 3RD AND 7TH GRADERS. MICA'S SEALANT PROGRAM PROVIDED ASSISTANCE TO 825 CHILDREN DURING THE FISCAL YEAR. CHILD AND MATERNAL HEALTH - ASSESSES CHILDREN'S HEALTH AND DEVELOPMENT AND RECOMMENDS LOCAL RESOURCES, PROVIDES RESOURCES TO HELP WITH ACCESS TO HEALTH AND DENTAL INSURANCE, AND INCLUDES THE BREASTFEEDING PEER COUNSELORS' PROGRAM AND OTHERS. MICA PROVIDED THESE SERVICES TO 3,496 CHILD HEALTH PARTICIPANTS AND 121 MATERNAL HEALTH PARTICIPANTS DURING THE FISCAL YEAR.

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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 $15,653,041

Program Service Revenue $184,411

Investment Income $20,087

Other Revenue $306,916

TOTAL REVENUE $16,164,455

Expense Breakdown

Grants Paid $4,887,570

Salaries & Benefits $8,261,363

Fundraising Expenses $457

Program Expenses $15,153,877

Other Expenses $3,050,334

TOTAL EXPENSES $16,199,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,164,455	$16,465,761	0.0%
Expenses	$16,199,267	$16,613,088	0.0%
Net Income	$-34,812	$-147,327	-0.8%

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

212

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

$305,797

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SALASEK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LISA HEDDENS	CHAIR	1.00	Officer Director	$0	$0	$0
RENEE MCCLELLAN	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY PEAK	DIRECTOR	1.00	Director	$0	$0	$0
RASHELL MENDOZA	DIRECTOR	1.00	Director	$0	$0	$0
ROSS HAENFLER	TREASURER	1.00	Officer Director	$0	$0	$0
GAYLE LUZE	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA EILERS	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA HARRIS	NOMINATING CHAIR	1.00	Officer Director	$0	$0	$0
LISA NAIG	DIRECTOR	1.00	Director	$0	$0	$0
MAGALI MARQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA MCCOY	FORMER CFO	40.00	Officer	$86,695	$15,599	$102,294
CLARISSA THOMPSON	EXECUTIVE DIRECTOR	40.00	Officer	$103,844	$17,060	$120,904
TAMMY CHYMA	CFO	40.00	Officer	$68,688	$13,911	$82,599

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	$16,164,455	$16,199,267	$4,230,859	$-34,812
2023	$16,465,761	$16,613,088	$4,021,040	$-147,327
2022	$18,510,980	$18,239,384	$3,806,103	$271,596
2021	$14,587,976	$14,522,678	$3,849,705	$65,298
2020	$14,202,798	$14,277,276	$3,510,626	$-74,478
2019	$15,934,027	$15,629,797	$3,641,787	$304,230
2018	$14,896,628	$14,543,753	$3,649,476	$352,875