Vernon Industrial Foundation Inc (EIN 751171778) - 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

1957

Legal Domicile

Principal Officer

Gene Tyra

Phone

9405525481

Tax Period

2024-01-01 to 2024-12-31

Vernon Industrial Foundation Inc, founded in 1957, is a micro nonprofit that reported $3K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $4K exceeded revenue, resulting in a 10% operating deficit.

Mission

Industrial development

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,672

Program Service Revenue $0

Investment Income $1,623

Other Revenue $0

TOTAL REVENUE $3,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $520

Other Expenses $3,628

TOTAL EXPENSES $3,628

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,295	$2,601	+0.3%
Expenses	$3,628	$8,884	-0.6%
Net Income	$-333	$-6,283	-0.9%

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
Gene Tyra	President	Officer Director	$0	$0	$0
William Bachman	Vice-President	Officer Director	$0	$0	$0
Missie Risinger	Treasurer/Secretary	Officer Director	$0	$0	$0
Michael Moore	Director	Director	$0	$0	$0
Horace Tabor	Director	Director	$0	$0	$0
Trent Gillespie	Director	Director	$0	$0	$0
Joe Rogers	Director	Director	$0	$0	$0
Terry Spears	Director	Director	$0	$0	$0
AB Wharton	Director	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	$3,295	$3,628	$164,172	$-333
2023	$2,601	$8,884	$164,505	$-6,283
2022	$1,972	$6,687	$170,787	$-4,715

Vernon Industrial Foundation Inc