CITY OF GERING LEASING CORPORATION (EIN 470733881) - 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

1989

Legal Domicile

Principal Officer

PAT HEATH

Phone

3084365096

Tax Period

2023-10-01 to 2024-09-30

CITY OF GERING LEASING CORPORATION, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $261K in total revenue in fiscal year 2023. The organization ran a surplus of $61K, a strong 23% operating margin.

Mission

ENTERING INTO CAPITAL LEASE ARRANGEMENTS WITH THE CITY OF GERING.

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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 $0

Program Service Revenue $252,853

Investment Income $7,949

Other Revenue $0

TOTAL REVENUE $260,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,252

Other Expenses $200,252

TOTAL EXPENSES $200,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,802	$264,549	0.0%
Expenses	$200,252	$209,965	0.0%
Net Income	$60,550	$54,584	+0.1%

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
BEN BACKUS	BOARD MEMBER	1.00	Director	$0	$0	$0
CODY BOHL	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
TROY COWAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL GILLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA SHIELDS	BOARD MEMBER	1.00	Director	$0	$0	$0
KENT EWING	PRESIDENT	1.00	Officer	$0	$0	$0
JULIE MORRISON	SECRETARY	1.00	Officer	$0	$0	$0
PAM O'NEAL	TREASURER	1.00	Officer	$0	$0	$0
SUSAN WIEDEMAN	VICE PRESIDE	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	$260,802	$200,252	$4,030,967	$60,550
2023	$264,549	$209,965	$4,267,313	$54,584
2022	$363,832	$213,867	$4,540,595	$149,965
2021	$493,509	$221,743	$4,892,045	$271,766
2020	$350,307	$187,976	$4,940,179	$162,331
2019	$315,649	$210,443	$4,769,208	$105,206
2018	$91,801	$204,909	$5,948,504	$-113,108

CITY OF GERING LEASING CORPORATION