ALBIA AREA IMPROVEMENT ASSOCIATION (EIN 421218704) - 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

1981

Legal Domicile

Principal Officer

DAN TOMETICH

Phone

6419327233

Tax Period

2023-01-01 to 2023-12-31

ALBIA AREA IMPROVEMENT ASSOCIATION, founded in 1981, is a micro nonprofit that reported $30K in total revenue in fiscal year 2023. Revenue fell 139% from the prior year — a significant decline worth monitoring.

Mission

HISTORICAL PRESERVATION OF THE BUILDINGS IN THE COMMUNITY AND BEAUTIFICATION OF THE ALBIA, IOWA COMMUNITY.

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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 $420

Program Service Revenue $2,339

Investment Income $50

Other Revenue $-32,839

TOTAL REVENUE $-30,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,411

Other Expenses $39,411

TOTAL EXPENSES $39,411

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-30,030	$77,824	-1.4%
Expenses	$39,411	$33,479	+0.2%
Net Income	$-69,441	$44,345	-2.6%

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

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
DAN STOCKER	DIRECTOR	1.00	Director	$0	$0	$0
RAY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DAN TOMETICH	PRESIDENT	2.00	Officer Director	$0	$0	$0
LOREN PENCE	DIRECTOR	1.00	Director	$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
2023	$-30,030	$39,411	$1,137,172	$-69,441
2022	$77,824	$33,479	$1,206,613	$44,345
2021	$521,733	$67,610	$1,165,128	$454,123
2020	$335,500	$68,225	$744,146	$267,275
2019	$50,965	$71,365	$441,183	$-20,400
2018	$119,629	$49,823	$462,372	$69,806

ALBIA AREA IMPROVEMENT ASSOCIATION