MID-IOWA COMMUNITY ACTION INC (EIN 420923311) - 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

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.

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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

MID-IOWA COMMUNITY ACTION INC