APPANOOSE INDUSTRIAL CORPORATION

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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

1984

Legal Domicile

Principal Officer

JERRY KIRKPATRICK

Phone

6414374296

Tax Period

2023-10-01 to 2024-09-30

APPANOOSE INDUSTRIAL CORPORATION, founded in 1984, is a micro nonprofit that reported $56K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 16% operating margin.

Mission

THE APPANOOSE INDUSTRIAL CORPORATION WAS CREATED FOR THE PURPOSE OF CREATING AND MAINTAINING JOBS IN APPANOOSE COUNTY, IOWA.

Program Service Accomplishments

Program 1

PROVIDED GRANTS TO ORGANIZATIONS IN APPANOOSE COUNTY, IOWA SUPPORTING INDUSTRIAL DEVELOPMENT, JOB EXPANSION, AND QUALITY OF LIFE.

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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 $40,497

Other Revenue $15,263

TOTAL REVENUE $55,760

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $37,074

TOTAL EXPENSES $47,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,760	$38,090	+0.5%
Expenses	$47,074	$46,108	+0.0%
Net Income	$8,686	$-8,018	-2.1%

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

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 BENNETT	PRESIDENT	N/A	Officer Director	$0	$0	$0
BILL BUSS	SECRETARY	N/A	Officer Director	$0	$0	$0
DELANEY EVERS	DIRECTOR	N/A	Director	$0	$0	$0
GREG GORDEN	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
JERRY KIRKPATRICK	TREASURER	N/A	Officer Director	$0	$0	$0
MARY WELLS	DIRECTOR	N/A	Director	$0	$0	$0
JEFF YOUNG	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$55,760	$47,074	$1,667,483	$8,686
2023	$38,090	$46,108	$1,658,797	$-8,018
2022	$56,761	$16,891	$1,666,815	$39,870
2021	$141,687	$23,705	$1,626,945	$117,982
2020	$29,256	$36,542	$1,508,963	$-7,286
2019	$23,878	$36,761	$1,516,249	$-12,883
2018	$16,687	$25,326	$1,529,132	$-8,639