IMPROV UTOPIA (EIN 454461539) - 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

2010

Legal Domicile

Principal Officer

NICK ARMSTRONG

Phone

8182376725

Tax Period

2024-01-01 to 2024-12-31

IMPROV UTOPIA, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $290K in total revenue in fiscal year 2024. The organization ran a surplus of $49K, a strong 17% operating margin.

Mission

TO SUPPORT THE ART OF IMPROVISATION

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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 $7,158

Program Service Revenue $282,436

Investment Income $0

Other Revenue $0

TOTAL REVENUE $289,594

Expense Breakdown

Grants Paid $1,876

Salaries & Benefits $54,322

Fundraising Expenses $0

Program Expenses $211,469

Other Expenses $184,480

TOTAL EXPENSES $240,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,594	$288,302	+0.0%
Expenses	$240,678	$213,560	+0.1%
Net Income	$48,916	$74,742	-0.3%

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

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

$50,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK ARMSTRONG	PRESIDENTCEO	20.00	Officer	$50,417	$0	$50,417
WENDY PENROD	TREASURER	1.00	Officer	$0	$0	$0
JESSICA YOUNG	SECRETARY	1.00	Officer	$0	$0	$0
ALRINTHEA CARTER	BOARD MEMBER	1.00	Officer	$0	$0	$0
BRIAN OCONNELL	BOARD MEMBER	1.00	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	$289,594	$240,678	$232,115	$48,916
2023	$288,302	$213,560	$183,397	$74,742
2022	$176,257	$163,143	$108,399	$13,114
2021	$104,698	$139,338	$95,285	$-34,640
2020	$39,397	$104,931	$102,352	$-65,534
2019	$205,650	$179,533	$167,886	$26,117

IMPROV UTOPIA