ATLANTIC INDOOR ASSOCIATION

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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

1994

Legal Domicile

Principal Officer

LESLIE SIMMS

Phone

9197215345

Tax Period

2023-07-01 to 2024-06-30

ATLANTIC INDOOR ASSOCIATION, founded in 1994, is a small nonprofit in the Education sector that reported $362K in total revenue in fiscal year 2023. Expenses of $333K left a modest 8% surplus.

Mission

SUPPORT AND BENEFIT ORGANIZATIONS WHICH ENGAGE IN OR SUPPORT YOUTH ACTIVITIES IN THE PERFORMING ARTS. THESE INCLUDE ELEMENTS OF MUSIC, CHOREOGRAPHY, COLOR GUARDS AND PERCUSSION UNITS.

Program Service Accomplishments

Program 1

Expenses: $297,203 Revenue: $331,837

ORGANIZE, SPONSOR, AND OPERATE VARIOUS CONTESTS FOR MEMBER ORGANIZATIONS THROUGHOUT VIRGINIA AND NORTH CAROLINA.

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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 $9,712

Program Service Revenue $331,837

Investment Income $0

Other Revenue $20,432

TOTAL REVENUE $361,981

Expense Breakdown

Grants Paid $5,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $297,203

Other Expenses $327,405

TOTAL EXPENSES $332,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,981	$378,885	0.0%
Expenses	$332,905	$382,127	-0.1%
Net Income	$29,076	$-3,242	-10.0%

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

$750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLY PHILP	PRESIDENT /	3.00	Officer Director	$0	$0	$0
LESLIE SIMMS	PRESIDENT /	3.00	Officer Director	$0	$0	$0
ANDY SCHALF	1ST VP / NOR	2.00	Officer Director	$0	$0	$0
KIM KELLY	1ST VP / SOU	2.00	Officer Director	$0	$0	$0
SUZIE BROOKS	2ND VP / NOR	2.00	Officer Director	$0	$0	$0
MICHAEL MCCAIN	2ND VP / SOU	2.00	Officer Director	$0	$0	$0
ANGELA ESTAY	SECRETARY /	2.00	Officer Director	$0	$0	$0
LUKE OGELSBY	SECRETARY /	2.00	Officer Director	$0	$0	$0
EDWARD LOWTHER	COLORGUARD C	2.00	Director	$750	$0	$750
TRAVIS PETERMAN	PERCUSSION C	1.00	Director	$0	$0	$0
CODY HINSON	WINDS COORDI	1.00	Director	$0	$0	$0
BROOKS WILSON	COLORGUARD C	1.00	Director	$0	$0	$0
JOSE MONTES	PERCUSSION C	1.00	Director	$0	$0	$0
JASON HEARD	WINDS COORDI	1.00	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	No data	No data	No data	No data
2024	$361,981	$332,905	$143,639	$29,076
2023	$378,885	$382,127	$118,031	$-3,242
2022	$295,845	$242,261	$129,375	$53,584
2020	$239,556	$245,117	$80,217	$-5,561
2019	$281,919	$257,998	$85,778	$23,921
2018	$230,403	$235,372	$61,857	$-4,969