International Packaged Ice Association (EIN 530114637) - 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

1917

Legal Domicile

Principal Officer

Steve Ward

Phone

8139492518

Tax Period

2023-07-01 to 2024-06-30

International Packaged Ice Association, founded in 1917, is a small nonprofit that reported $950K in total revenue in fiscal year 2023. Expenses of $888K left a modest 7% surplus.

Mission

To further ice technology and promote the growth and superior business practices for the packaged ice industry through the ongoing development and management of standards and value added services that enhance the image of the industry to the consumers and trade-partners.

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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 $921,680

Investment Income $28,125

Other Revenue $0

TOTAL REVENUE $949,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,767

Fundraising Expenses $0

Other Expenses $777,057

TOTAL EXPENSES $887,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$949,805	$904,221	+0.1%
Expenses	$887,824	$836,319	+0.1%
Net Income	$61,981	$67,902	-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

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

$96,390

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maria Maggio	Exec. Director	40.00	Director	$96,390	$0	$96,390
Laron Hilke	Director	1.00	Director	$0	$0	$0
Steve Janusek	Director	1.00	Director	$0	$0	$0
Mike Carpenter	Director	1.00	Director	$0	$0	$0
Santiago Barraza	Director	1.00	Director	$0	$0	$0
Ryan Horton	Director	1.00	Director	$0	$0	$0
Cliff Riegler	Director	1.00	Director	$0	$0	$0
Derek Bogard	Director	1.00	Director	$0	$0	$0
Steve Ward	Chairman	2.00	Officer	$0	$0	$0
Brian Washnock	Secretary	2.00	Officer	$0	$0	$0
Fred Lomangino	Treasurer	2.00	Officer	$0	$0	$0
Jake Jerow	Conf. Chairman	2.00	Officer	$0	$0	$0
Jarrod Snyder	Past Chairman	2.00	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
2025	No data	No data	No data	No data
2024	$949,805	$887,824	$848,387	$61,981
2023	$904,221	$836,319	$761,802	$67,902
2022	$732,720	$700,324	$671,201	$32,396
2021	$460,903	$535,649	$679,764	$-74,746

International Packaged Ice Association