Dorchester Improvement Association Inc (EIN 581086547) - 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

1996

Legal Domicile

Principal Officer

Lana Walthour

Phone

9122700469

Tax Period

2023-10-01 to 2024-09-30

Dorchester Improvement Association Inc, founded in 1996, is a micro nonprofit in the Community Improvement sector that reported $73K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 55% operating margin.

Mission

To preserve the African American culture, its collection of historical artifacts and physical structures in its original location, and continue the rich heritage of informing and enlightening the public about the educational, social, cultural, and religious heritage of Dorchester Academy.

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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 $67,654

Program Service Revenue $13,016

Investment Income $2

Other Revenue $-7,669

TOTAL REVENUE $73,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,158

Other Expenses $33,020

TOTAL EXPENSES $33,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,003	$55,438	+0.3%
Expenses	$33,020	$41,024	-0.2%
Net Income	$39,983	$14,414	+1.8%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Warren Austin	Dir/Fac Maint	5.00	Director	$0	$0	$0
William Austin	Dir/Emeritus	2.00	Director	$0	$0	$0
Deborah Dawson	Dir/Secretary	5.00	Officer Director	$0	$0	$0
Adelphenia Jackson-Brown	Director	2.00	Director	$0	$0	$0
Stephanie Heath	Board Member	2.00	Director	$0	$0	$0
Dr Matilda Riles	Dir/Museum Fac	5.00	Director	$0	$0	$0
Paulette Robertson	Director	3.00	Director	$0	$0	$0
Jimmie Martin	Director	2.00	Director	$0	$0	$0
Lana Walthour	Dir/Treasurer	8.00	Officer Director	$0	$0	$0
Dr Clemontine Washington	Dir/President	3.00	Officer Director	$0	$0	$0
Willie Mae Washington	Dir/V President	2.00	Officer Director	$0	$0	$0
Taurus Williams	Dir/Facility Ma	2.00	Director	$0	$0	$0
Rose Ferdinand	Director	2.00	Director	$0	$0	$0
Rose Mullice	Director	2.00	Director	$0	$0	$0
Robert Payne	Director	2.00	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
2024	$73,003	$33,020	$500,646	$39,983
2022	$223,237	$240,414	$446,048	$-17,177

Dorchester Improvement Association Inc