AFRICAN-AMERICAN BUSINESS ASSOCIATION INC (EIN 453387003) - 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

Principal Officer

MATTHEW GILBERT

Phone

3195046685

Tax Period

2023-01-01 to 2023-12-31

AFRICAN-AMERICAN BUSINESS ASSOCIATION INC is a small nonprofit in the Community Improvement sector that reported $125K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $29K, a strong 23% operating margin.

Mission

THE IOWA CENTER FOR OPPORTUNITY RESOURCES & EQUITY INC.'S MISSION IS TO RESEARCH, ADVOCATE, AND PROCURE RESOURCES FOR HISTORICALLY DISENFRANCHISED COMMUNITIES AND UNDERSERVED POPULATIONS IN IOWA.

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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 $80,000

Program Service Revenue $45,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $125,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,131

Other Expenses $95,897

TOTAL EXPENSES $95,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,000	$168,000	-0.3%
Expenses	$95,897	$8,897	+9.8%
Net Income	$29,103	$159,103	-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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW GILBERT	PRESIDENT	10.00	Officer Director	$0	$0	$0
LU SPAIN	VP & SECRETA	5.00	Officer Director	$0	$0	$0
TERRENCE THAMES	TREASURER	5.00	Officer 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	No data	No data	No data	No data
2023	$125,000	$95,897	$208,200	$29,103
2022	$168,000	$8,897	$175,167	$159,103

AFRICAN-AMERICAN BUSINESS ASSOCIATION INC