BOONE COUNTY COMMUNITY ORGANIZATION ASSOCIATION IN (EIN 550481682) - 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

1995

Legal Domicile

Principal Officer

KEITH STEPHENS

Tax Period

2023-10-01 to 2024-09-30

BOONE COUNTY COMMUNITY ORGANIZATION ASSOCIATION IN, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $1.9M left a modest 7% surplus.

Mission

THE ASSOCIATION PROVIDES SERVICES DESIGNED TO COMBAT PROBLEMS OF POVERTY AND TO SEEK ELIMINATION OR REDUCTION OF THE CONDITIONS OF POVERTY.

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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 $1,119,813

Program Service Revenue $901,574

Investment Income $2,424

Other Revenue $0

TOTAL REVENUE $2,023,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,422,841

Fundraising Expenses $0

Program Expenses $1,854,641

Other Expenses $468,245

TOTAL EXPENSES $1,891,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,023,811	$2,385,623	-0.2%
Expenses	$1,891,086	$2,216,532	-0.1%
Net Income	$132,725	$169,091	-0.2%

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

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

$72,063

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY W WILLIAMS	EXECUTIVE DIRECTOR	40.00	Key Emp	$72,063	$0	$72,063
PENNY BYRNSIDE	BOARD MEMBER	1.00	Director	$0	$0	$0
GARNET NICHOLS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH STEPHENS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY QUISENBERRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE CHAFIN	TREASURER	1.00	Officer Director	$0	$0	$0
JANIE FERRELL	SECRETARY	1.00	Officer 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
2024	$2,023,811	$1,891,086	$2,559,139	$132,725
2023	$2,385,623	$2,216,532	$2,416,801	$169,091
2022	$2,607,043	$2,118,230	$2,309,365	$488,813
2021	$2,022,470	$1,654,998	$1,783,084	$367,472
2020	$1,845,381	$1,475,691	$1,426,102	$369,690
2019	$2,033,433	$1,721,918	$1,041,178	$311,515

BOONE COUNTY COMMUNITY ORGANIZATION ASSOCIATION IN