COMMUNITY BETTERMENT ORGANIZATION (EIN 421499686) - 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

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.

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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

COMMUNITY BETTERMENT ORGANIZATION