SSMID II (EIN 455630917) - 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

2013

Legal Domicile

Principal Officer

TIM CLARK

Phone

5632129335

Tax Period

2023-01-01 to 2023-12-31

SSMID II, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $139K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

PROMOTE GROWTH, REVITALIZATION AND REDEVELOPMENT OF DOWNTOWN CLINTON, IA AND TO COMBAT COMMUNITY DETERIORATION, TO SUPPORT EXISTING BUSINESSES AND PROPERTIES AND ENCOURAGE NEW BUSINESSES TO OPEN.

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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 $32,562

Program Service Revenue $106,875

Investment Income $0

Other Revenue $0

TOTAL REVENUE $139,437

Expense Breakdown

Grants Paid $1,100

Salaries & Benefits $21,902

Fundraising Expenses $0

Program Expenses $129,116

Other Expenses $123,710

TOTAL EXPENSES $146,712

Year-over-Year Comparison

	2023	2022	Change
Revenue	$139,437	$152,030	-0.1%
Expenses	$146,712	$131,043	+0.1%
Net Income	$-7,275	$20,987	-1.3%

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

N/A

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
RICCI AQUILANI	TREASURER	5.00	Officer Director	$0	$0	$0
BROOKE BYAM	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM CLARK	CHAIRMAN	10.00	Officer Director	$0	$0	$0
MIKE ESPEY	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HANSON	DIRECTOR	2.00	Director	$0	$0	$0
LINDSAY MOORHARDT	DIRECTOR	2.00	Director	$0	$0	$0
MARK VULICH	DIRECTOR	1.00	Director	$0	$0	$0
KARI WHITE	DIRECTOR	3.00	Director	$0	$0	$0
DEB WIESE	VICE CHAIR	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	$139,437	$146,712	$27,286	$-7,275
2022	$152,030	$131,043	$35,895	$20,987
2021	$143,752	$184,784	$24,345	$-41,032
2020	$149,480	$117,457	$63,700	$32,023
2019	$183,903	$215,004	$89,123	$-31,101
2018	$130,501	$243,189	$89,590	$-112,688

SSMID II