STEELE MUNICIPAL IMPROVEMENT CORPOR (EIN 431848440) - 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

2002

Legal Domicile

Principal Officer

JACOB L MITCHELL

Phone

5736953690

Tax Period

2024-01-01 to 2024-12-31

STEELE MUNICIPAL IMPROVEMENT CORPOR, founded in 2002, is a micro nonprofit in the Public Safety sector that reported $35K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Net assets of $88K represent 30 months of operating reserves.

Mission

TO ENHANCE THE GENERAL WELFARE OF RESIDENCE OF THE CITY OF STEELE BY ASSISTING IN APPLYING FOR AND RECEIVING GRANTS AND AWARDS FOR MUNICIPAL PROJECTS AND PURPOSES.

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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 $35,026

Program Service Revenue $0

Investment Income $62

Other Revenue $0

TOTAL REVENUE $35,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,930

Other Expenses $37,930

TOTAL EXPENSES $37,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,088	$43,176	-0.2%
Expenses	$37,930	$30,288	+0.3%
Net Income	$-2,842	$12,888	-1.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE GANUS	ALDERMAN	N/A	Director	$0	$0	$0
JACOB L MITCHELL	MAYOR	N/A	Officer Director	$0	$0	$0
MIKE MCCORD	ALDERMAN	N/A	Director	$0	$0	$0
LINDA NOWLIN	DIRECTOR	N/A	Director	$0	$0	$0
MARK WEATHERS	ALDERMAN	N/A	Director	$0	$0	$0
JEANETTE PICKENS	SECRETARY-CI	N/A	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	$35,088	$37,930	$552,994	$-2,842
2023	$43,176	$30,288	$572,961	$12,888
2022	$90,916	$32,365	$578,285	$58,551
2021	$54,060	$86,781	$545,135	$-32,721
2020	$661,481	$603,337	$676,479	$58,144

STEELE MUNICIPAL IMPROVEMENT CORPOR