USED TRUCK ASSOCIATION (EIN 522116858) - 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

1998

Legal Domicile

Principal Officer

RICK CLARK

Phone

8774387882

Tax Period

2023-01-01 to 2023-12-31

USED TRUCK ASSOCIATION, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 6% surplus.

Mission

TO SUPPORT AND PROVIDE SERVICES TO BUSINESSES ENGAGED IN SELLING USED COMMERCIAL TRUCKS.

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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 $252,075

Program Service Revenue $1,162,832

Investment Income $2,944

Other Revenue $0

TOTAL REVENUE $1,417,851

Expense Breakdown

Grants Paid $77,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,253,576

TOTAL EXPENSES $1,330,576

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,417,851	$1,201,467	+0.2%
Expenses	$1,330,576	$1,153,485	+0.2%
Net Income	$87,275	$47,982	+0.8%

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	Role	Reportable Comp	Other Comp	Total
NICK LOMBARDO	DIRECTOR	Director	$0	$0	$0
BROCK FREDERICK	DIRECTOR	Director	$0	$0	$0
CHRIS BRIDGES	DIRECTOR	Director	$0	$0	$0
ETHAN NADOLSON	DIRECTOR	Director	$0	$0	$0
JEREMY GUDITIS	DIRECTOR	Director	$0	$0	$0
MIKE GARDECKI	DIRECTOR	Director	$0	$0	$0
BO JOHNSON	DIRECTOR	Director	$0	$0	$0
ROCKY CARDEN	DIRECTOR	Director	$0	$0	$0
MICHELLE OBER	DIRECTOR	Director	$0	$0	$0
JOSH ROLLER	DIRECTOR	Director	$0	$0	$0
BOBBY WILLIAMS	VICE PRESIDENT	Officer	$0	$0	$0
RICK CLARK	PRESIDENT	Officer	$0	$0	$0
CINDY BLOOM	SECRETARY	Officer	$0	$0	$0
STEVE TAM	TREASURER	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	No data	No data	No data	No data
2023	$1,417,851	$1,330,576	$1,127,059	$87,275
2022	$1,201,467	$1,153,485	$753,779	$47,982
2021	$1,158,825	$961,331	$634,900	$197,494
2020	$209,434	$319,595	$498,592	$-110,161
2019	$1,160,120	$1,225,984	$613,577	$-65,864
2018	$1,028,845	$1,014,742	$668,548	$14,103

USED TRUCK ASSOCIATION