GARRISON AREA IMPROVEMENT ASSOCIATION (EIN 450421726) - 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

1991

Legal Domicile

Phone

7014632631

Tax Period

2024-01-01 to 2024-12-31

GARRISON AREA IMPROVEMENT ASSOCIATION, founded in 1991, is a small nonprofit that reported $764K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $717K left a modest 6% surplus.

Mission

TO AID, ASSIST, ENCOURAGE, & PROMOTE DEVELOPMENT & EXPANSION OF BUSINESS CONCERNS IN THE AREA BY MAKING PLANT OR OTHER FACILITIES AVAILABLE. THE ORGANIZATION ALSO PROVIDES GRANTS & LOANS TO NEW & EXISTING BUSINESSES.

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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 $87,734

Program Service Revenue $2,445

Investment Income $5,406

Other Revenue $668,281

TOTAL REVENUE $763,866

Expense Breakdown

Grants Paid $634,187

Salaries & Benefits $40,762

Fundraising Expenses $0

Program Expenses $634,187

Other Expenses $41,949

TOTAL EXPENSES $716,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$763,866	$695,960	+0.1%
Expenses	$716,898	$443,497	+0.6%
Net Income	$46,968	$252,463	-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

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
MICHAEL A YOUNGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
OTTO KINN	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON STAEHR	SECRETARYTREASURER	1.00	Officer Director	$0	$0	$0
SHANNON JEFFERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MATTESON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL SCHLICHTING	DIRECTOR	1.00	Director	$0	$0	$0
MCKAILA BEHLES	DIRECTOR	1.00	Director	$0	$0	$0
BILLE JO IGLEHART	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE SCHREINER	DIRECTOR	1.00	Director	$0	$0	$0
BOYD ANDERSON	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
2024	$763,866	$716,898	$1,886,705	$46,968
2023	$695,960	$443,497	$1,853,468	$252,463
2022	$765,575	$374,212	$1,597,195	$391,363
2021	$719,377	$375,564	$1,217,242	$343,813
2020	$578,255	$333,769	$1,032,748	$244,486
2019	$329,541	$235,844	$780,756	$93,697
2018	$285,331	$238,675	$496,426	$46,656

GARRISON AREA IMPROVEMENT ASSOCIATION