UNDERWOOD MEMORIAL BUILDING ASSOC (EIN 421176494) - 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

1953

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

UNDERWOOD MEMORIAL BUILDING ASSOC, founded in 1953, is a micro nonprofit in the Recreation & Sports sector that reported $96K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Net assets of $755K represent 94 months of operating reserves.

Mission

ENHANCING QUALITY OF LIFE IN UNDERWOOD AREA BY PROVIDING MEETING PLACE FOR SERVICE AND YOUTH CLUBS

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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 $0

Investment Income $6,073

Other Revenue $89,753

TOTAL REVENUE $95,826

Expense Breakdown

Grants Paid $16,612

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,469

Other Expenses $84,857

TOTAL EXPENSES $101,469

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,826	$118,887	-0.2%
Expenses	$101,469	$67,061	+0.5%
Net Income	$-5,643	$51,826	-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

N/A

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
JIM ROSS	PRESIDENT	5.00	Officer	$0	$0	$0
D RICK SCOTT	VICE PRESIDENT	5.00	Officer	$0	$0	$0
NANCY ROSS	SECRETARY	5.00	Officer	$0	$0	$0
MARIA MECHAELSEN	TREASURER	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$95,826	$101,469	$756,763	$-5,643
2022	$118,887	$67,061	$762,406	$51,826
2021	$64,571	$64,647	$709,805	$-76
2020	$22,403	$44,146	$708,456	$-21,743
2019	$59,282	$56,322	$730,199	$2,960
2018	$52,862	$52,403	$727,239	$459

UNDERWOOD MEMORIAL BUILDING ASSOC