IMAGINE AMERICA FOUNDATION

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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

1982

Legal Domicile

Principal Officer

Robert Martin

Phone

7039676686

Tax Period

2024-07-01 to 2025-06-30

IMAGINE AMERICA FOUNDATION, founded in 1982, is a small nonprofit in the Education sector that reported $180K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $56K, a strong 31% operating margin.

Mission

THE IMAGINE AMERICA FOUNDATION(IAF) WAS ESTABLISHED IN 1982 AS THE SCHOLARSHIP, TRAINING PROVIDER,STUDENT RESOURCE AND RESEARCH RESOURCE FOR THE NATION`S CAREER COLLEGES.

Program Service Accomplishments

Program 1

Expenses: $48,875 Revenue: $0

PROVIDE CAREER COLLEGE SCHOLARSHIPS TO GRADUATING HIGH SCHOOL STUDENTS, ACTIVE AND HONORABLY DISCHARGED U.S MILITARY VETERANS AND ADULT LEARNERS. APPROXIMATELY 25,000 STUDENTS BENEFITED DURING THE...

PROVIDE CAREER COLLEGE SCHOLARSHIPS TO GRADUATING HIGH SCHOOL STUDENTS, ACTIVE AND HONORABLY DISCHARGED U.S MILITARY VETERANS AND ADULT LEARNERS. APPROXIMATELY 25,000 STUDENTS BENEFITED DURING THE YEAR.

Program 2

Expenses: $26,317 Revenue: $0

THE FOUNDATION RECOGNIZES EXCEPTIONAL CAREER COLLEGE STUDENTS WHO ARE ACTIVE DUTY OR HONORABLY DISCHARGED OR RETIRED MILITARY PERSONNEL. THEY ARE HONORED AT THE ASSOCIATION OF PRIVATE SECTOR...

THE FOUNDATION RECOGNIZES EXCEPTIONAL CAREER COLLEGE STUDENTS WHO ARE ACTIVE DUTY OR HONORABLY DISCHARGED OR RETIRED MILITARY PERSONNEL. THEY ARE HONORED AT THE ASSOCIATION OF PRIVATE SECTOR COLLEGE'S AND UNIVERSITIES'(APSCU) ANNUAL CONVENTION AND RECEIVE AN AWARD TOWARDS THEIR EDUCATION.ELEVEN STUDENTS WERE HONORED DURING THE YEAR.

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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 $164,278

Program Service Revenue $0

Investment Income $16

Other Revenue $16,000

TOTAL REVENUE $180,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,169

Fundraising Expenses $17,772

Program Expenses $75,192

Other Expenses $61,716

TOTAL EXPENSES $123,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,294	$198,354	-0.1%
Expenses	$123,885	$63,015	+1.0%
Net Income	$56,409	$135,339	-0.6%

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

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

$50,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Martin	President	40	Officer	$50,250	$0	$50,250
Jack Burke	Treasurer	1	Officer Director	$0	$0	$0
Steven Coyle	Director	1	Director	$0	$0	$0
Mark Konesco	Director	1	Director	$0	$0	$0
Dan Sheer	Director	1	Director	$0	$0	$0
David Neal	Director	1	Director	$0	$0	$0
Ed Chairviolotti	Chairman	1	Officer Director	$0	$0	$0
Tracy Kreikemeier	Director	1	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
2025	$180,294	$123,885	$1,469,419	$56,409
2024	$198,454	$63,015	$1,382,291	$135,439
2023	$236,304	$209,766	$1,247,465	$26,538
2022	$241,720	$276,025	$1,235,584	$-34,305
2021	$281,483	$276,961	$1,304,774	$4,522
2020	$277,661	$298,653	$1,333,980	$-20,992
2019	$349,350	$297,749	$1,428,185	$51,601
2018	$414,529	$558,338	$1,667,571	$-143,809