IMPACT COMMUNITY ACTION PARTNERSHIP INC (EIN 421078280) - 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

1976

Legal Domicile

Principal Officer

THOMAS AHART

Phone

5152741345

Tax Period

2023-10-01 to 2024-09-30

IMPACT COMMUNITY ACTION PARTNERSHIP INC, founded in 1976, is a mid-sized nonprofit that reported $43.1M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

REDUCING THE BARRIERS AND BURDENS THAT FAMILIES IN POVERTY EXPERIENCE BY INCREASING ACCESS TO ESSENTIAL NEEDS.

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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 $41,807,733

Program Service Revenue $1,281,041

Investment Income $15,614

Other Revenue $4,386

TOTAL REVENUE $43,108,774

Expense Breakdown

Grants Paid $37,136,711

Salaries & Benefits $4,198,170

Fundraising Expenses $0

Program Expenses $41,883,458

Other Expenses $1,738,460

TOTAL EXPENSES $43,073,341

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,108,774	$39,776,350	+0.1%
Expenses	$43,073,341	$40,142,255	+0.1%
Net Income	$35,433	$-365,905	-1.1%

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

109

Volunteers

276

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

$485,599

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS AHART	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEVE VANOORT	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BILL ZINNEL	TREASURER	1.00	Officer Director	$0	$0	$0
KIMBERLY DEJOODE	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
JIM GIFFORD	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMBER HORA	DIRECTOR	1.00	Director	$0	$0	$0
KISHA JAHNER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
JOSH MANDELBAUM	DIRECTOR	1.00	Director	$0	$0	$0
LORI SCHRADERBACHER	DIRECTOR	1.00	Director	$0	$0	$0
MARK SNELL	DIRECTOR	1.00	Director	$0	$0	$0
DENNY STEVENSON	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
ANNE BACON	CEO	50.00	Officer	$144,131	$25,624	$169,755
CHRISTOPHER A SORENSEN	CFO (THRU 2/24)	50.00	Officer	$123,494	$21,812	$145,306
JULIE HECK	COO	50.00	Officer	$138,428	$32,110	$170,538
MIKE HAMM	CONTROLLER	1.00	Officer	$0	$0	$0
TERRI M SPEIRS	CDO (THRU 5/24)	50.00	Highest	$107,306	$21,936	$129,242
JENNIFER HEITHOFF	CHIEF PROGRAM OFFICER (THRU 8/24)	50.00	Highest	$110,152	$18,729	$128,881

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	$43,108,774	$43,073,341	$2,486,154	$35,433
2023	$39,776,350	$40,142,255	$9,421,220	$-365,905
2022	$72,555,053	$72,439,486	$20,631,537	$115,567
2022	$72,815,597	$72,485,419	$21,249,399	$330,178
2021	$39,610,263	$39,626,851	$12,202,614	$-16,588
2021	$39,552,973	$39,571,120	$12,339,074	$-18,147
2020	$13,643,282	$13,572,799	$1,430,272	$70,483
2019	$12,112,369	$12,009,946	$829,139	$102,423
2019	$12,094,946	$12,009,948	$822,509	$84,998
2018	$11,423,939	$11,209,449	$1,318,352	$214,490

IMPACT COMMUNITY ACTION PARTNERSHIP INC