ABILENE IMPROVEMENT CORPORATION (EIN 752224248) - 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

1987

Legal Domicile

Principal Officer

MITCH BARNETT

Phone

3256777241

Tax Period

2023-10-01 to 2024-09-30

ABILENE IMPROVEMENT CORPORATION, founded in 1987, is a micro nonprofit in the Community Improvement sector that reported $68K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $44K, a strong 65% operating margin.

Mission

TO STIMULATE THE DEVELOPMENT, GROWTH AND BEAUTIFICATION OF THE TAX INCREMENT FINANCING DISTRICT TO COMBAT DETERIORATION THROUGH THE ERECTION OF PUBLIC BUILDINGS, IMPROVEMENTS AND WORKS.

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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 $38,302

Program Service Revenue $0

Investment Income $29,923

Other Revenue $0

TOTAL REVENUE $68,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,800

Other Expenses $24,144

TOTAL EXPENSES $24,144

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,225	$966,931	-0.9%
Expenses	$24,144	$17,864	+0.4%
Net Income	$44,081	$949,067	-1.0%

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

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
GARY GRUBBS	MEMBER	1.00	Director	$0	$0	$0
GREG BLAIR	MEMBER	1.00	Director	$0	$0	$0
JASON DARBY	MEMBER	1.00	Director	$0	$0	$0
NATHAN LOWRY	MEMBER	1.00	Director	$0	$0	$0
NORM ARCHIBALD	MEMBER	1.00	Director	$0	$0	$0
RON BUTLER	MEMBER	1.00	Director	$0	$0	$0
MITCH BARNETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
TED EVANS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY LEE BROOKS	SECRETARY/TREASURER	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	$68,225	$24,144	$6,249,214	$44,081
2023	$966,931	$17,864	$6,205,133	$949,067
2022	$-28,964	$15,102	$5,256,066	$-44,066
2021	$16,087,347	$16,099,778	$4,300,132	$-12,431
2021	$16,087,347	$16,099,778	$4,300,132	$-12,431
2020	$11	$12,597	$4,312,563	$-12,586
2019	$2,810,348	$10,590	$4,346,830	$2,799,758
2018	$222,059	$1,963	$1,525,391	$220,096

ABILENE IMPROVEMENT CORPORATION