COMMUNITY BETTERMENT ORGANIZATION

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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

2000

Legal Domicile

Principal Officer

ADAM FARVER

Phone

6416216224

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY BETTERMENT ORGANIZATION, founded in 2000, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $257K exceeded revenue, resulting in a 602% operating deficit.

Mission

THE COMMUNITY BETTERMENT ORGANIZATION ("CBO") WAS FORMED TO SUPPORT CENTRAL COLLEGE, THE CITY OF PELLA, AND PELLA REGIONAL HEALTH CENTER, TO ENGAGE IN ACTIVITIES THAT SUCH ORGANIZATIONS WOULD STRIVE TO ENGAGE IN THEMSELVES WERE IT NOT FOR CBO, INCLUDING WITHOUT LIMITATION, PROVIDING AMENITIES THAT MAKE A SMALL TOWN A MORE DESIRABLE PLACE TO LIVE AND CONDUCT BUSINESS.

Program Service Accomplishments

Program 1

Expenses: $100,182 Revenue: $15,600

THE CBO'S PROGRAM SERVICE ACCOMPLISHMENTS FOR THE YEAR 2024 INVOLVE IN SUPPORT OF THE CITY OF PELLA, THE OPERATION OF A BUILDING (THE "BUILDING") THAT WAS CONSTRUCTED IN THE YEARS 2000 AND 2001 AS...

THE CBO'S PROGRAM SERVICE ACCOMPLISHMENTS FOR THE YEAR 2024 INVOLVE IN SUPPORT OF THE CITY OF PELLA, THE OPERATION OF A BUILDING (THE "BUILDING") THAT WAS CONSTRUCTED IN THE YEARS 2000 AND 2001 AS PART OF A LARGE DOWNTOWN BLOCK DEVELOPMENT PROJECT (THE "DOWNTOWN PROJECT"). THE DOWNTOWN PROJECT BY THE CITY OF PELLA WAS DEVELOPED TO ATTRACT BUSINESSES AND PEOPLE TO DO BUSINESS AND LIVE IN THE TOWN, AND INCLUDES A HOTEL, BUSINESS SPACE, RESTAURANT SPACE, AND ENTERTAINMENT ATTRACTIONS TO IMPROVE THE CITY OF PELLA. THE CBO'S CONTRIBUTION TO THE DOWNTOWN PROJECT INVOLVED THE CONSTRUCTION AND ONGOING MAINTENANCE AND OPERATION OF THE BUILDING ON BEHALF OF THE CITY. THE BUILDING INCLUDES A THREE-SCREEN MOVIE THEATER AND A RESTAURANT. IN 2012, CBO DETERMINED THAT NEW PROJECTION EQUIPMENT WAS NEEDED FOR THE MOVIE THEATER TO UPGRADE TO DIGITAL CAPABILITIES. THIS COST OF THE NEW EQUIPMENT WAS $199,077. CBO RECEIVED $64,000 IN GRANTS FROM VARIOUS ORGANIZATIONS AND OBTAINED A $111,500 LOAN FROM GENLINK LLC IN 2012 TO PAY FOR THE COSTS OF THIS UPGRADE. THE INSTALLATION OF THIS NEW EQUIPMENT CONTINUES TO MEET THE EXEMPT PURPOSE OF THE ORGANIZATION IN PROVIDING ENHANCEMENTS TO COMMUNITY AMENITIES. DEPRECIATION LISTED ON PART IX, LINE 22 RELATED TO THE DEPRECIATION OF THE BUILDING $49,954PROPERTY TAXES PAID FOR THE BUILDING OF $44,643INSURANCE PAID FOR THE BUILDING OF $5,109REPAIRS AND SERVICE PAID FOR THE BUILDING $476

Program 2

Expenses: $154,473

CBO SUPPORTED CENTRAL COLLEGE DURING 2024 BY PAYING FOR THE AMOUNT OF LOSSES INCURRED BY THE MOVIE THEATER. THIS INCLUDED PAYING FOR SOUND REPAIRS FOR THE MOVIE THEATER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,600

Investment Income $21,044

Other Revenue $0

TOTAL REVENUE $36,644

Expense Breakdown

Grants Paid $154,473

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $254,655

Other Expenses $102,857

TOTAL EXPENSES $257,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,644	$102,055	-0.6%
Expenses	$257,330	$1,507,735	-0.8%
Net Income	$-220,686	$-1,405,680	-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

N/A

Volunteers

N/A

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

$473,317

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM FARVER	DIRECTOR	1.00	Director	$0	$0	$0
ALISON VAN WYNGARDEN	DIRECTOR	1.00	Director	$0	$0	$0
FRED KREYKES	DIRECTOR	1.00	Director	$0	$0	$0
MIKE NARDINI	DIRECTOR	1.00	Director	$0	$0	$194,830
MARK PUTNAM	DIRECTOR	1.00	Director	$0	$0	$278,487

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	$36,644	$257,330	$1,179,708	$-220,686
2023	$102,055	$237,791	$2,670,338	$-135,736
2022	$666,566	$293,196	$2,805,481	$373,370
2021	$1,698,245	$420,439	$2,432,406	$1,277,806
2020	$15,672	$121,888	$1,154,600	$-106,216