ABILENE IMPROVEMENT CORPORATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

MITCH BARNETT

Phone

3256777241

Tax Period

2024-10-01 to 2025-09-30

ABILENE IMPROVEMENT CORPORATION, founded in 1987, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 2230% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 29% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $2,028,587

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,017,500

Program Service Revenue $0

Investment Income $-428,057

Other Revenue $0

TOTAL REVENUE $1,589,443

Expense Breakdown

Grants Paid $2,017,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,028,587

Other Expenses $32,339

TOTAL EXPENSES $2,049,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,589,443	$68,225	+22.3%
Expenses	$2,049,839	$24,144	+83.9%
Net Income	$-460,396	$44,081	-11.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
2025	$1,589,443	$2,049,839	$5,788,819	$-460,396
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