IMPERIAL REGIONAL ALLIANCE INC (EIN 455333507) - 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

2011

Legal Domicile

Phone

7603538332

Tax Period

2023-10-01 to 2024-09-30

IMPERIAL REGIONAL ALLIANCE INC, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $309K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $425K exceeded revenue, resulting in a 38% operating deficit.

Mission

IRA has a mission to improve the quality of life of low to moderate income populations of Imperial Valley by providing a link between education, job training and employment opportunities. This organization develops and pursues initiatives for the underemployed and unemployed to gain access to skills and competencies within the growing industry clusters identified by the Imperial County Comprehensive Economic Development Strategy and the Imperial County Workforce Innovation and Opportunity Act to be ratified March 2017. IRA identifies and analyzes industry trends; provides leadership for successful development of key industry clusters and improves the delivery of services.

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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 $248,139

Program Service Revenue $33,242

Investment Income $27,418

Other Revenue $0

TOTAL REVENUE $308,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $406,654

Other Expenses $425,027

TOTAL EXPENSES $425,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$308,799	$332,415	-0.1%
Expenses	$425,027	$260,352	+0.6%
Net Income	$-116,228	$72,063	-2.6%

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

N/A

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
THOMAS DUBOSE	Vice Chairman	0.50	Officer	$0	$0	$0
THOMAS TOPUZES	Secretary	0.50	Officer	$0	$0	$0
TIMOTHY KELLEY	Liaison	0.50	Officer	$0	$0	$0
STEPHEN BENSON	Chairman	0.50	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	$308,799	$425,027	$965,039	$-116,228
2023	$332,415	$260,352	$650,164	$72,063
2022	$237,841	$375,463	$351,481	$-137,622
2021	$296,522	$223,613	$537,295	$72,909
2019	$343,491	$276,146	$146,998	$67,345
2018	$241,770	$248,612	$61,972	$-6,842

IMPERIAL REGIONAL ALLIANCE INC