IMSA EDUCATIONAL FOUNDATION (EIN 752257186) - 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

1974

Legal Domicile

Principal Officer

TED GILFERT

Phone

6032533040

Tax Period

2024-05-01 to 2025-04-30

IMSA EDUCATIONAL FOUNDATION, founded in 1974, is a small nonprofit in the Employment sector that reported $106K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $434K exceeded revenue, resulting in a 311% operating deficit.

Mission

DEVELOPMENT OF TRAINING AND CERTIFICATION COURESES FOR INDIVIDUALS INVOLVED IN VARIOUS PUBLIC SAFETY TECHNICAL FIELDS.

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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 $0

Program Service Revenue $50,001

Investment Income $55,570

Other Revenue $0

TOTAL REVENUE $105,571

Expense Breakdown

Grants Paid $59,949

Salaries & Benefits $147,339

Fundraising Expenses $0

Program Expenses $160,025

Other Expenses $227,018

TOTAL EXPENSES $434,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,571	$94,686	+0.1%
Expenses	$434,306	$449,631	0.0%
Net Income	$-328,735	$-354,945	-0.1%

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

$135,500

Total Directors

$135,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS AIKEN	SECRETARY/TREASURER	20.00	Officer Director	$135,500	$0	$135,500
TED GILFERT	PRESIDENT	5.00	Officer Director	$0	$0	$0
CARL ZABEL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TIMOTHY SOVERINO	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PARDUHN	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY KNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
HANS KRISTENSEN	DIRECTOR	1.00	Director	$0	$0	$0
MARIO BULHOES	DIRECTOR	1.00	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
2025	$105,571	$434,306	$1,027,045	$-328,735
2024	$94,686	$449,631	$1,360,082	$-354,945
2023	$363,798	$583,115	$1,815,027	$-219,317
2022	$314,696	$314,285	$2,036,450	$411
2021	$185,024	$87,159	$2,034,510	$97,865

IMSA EDUCATIONAL FOUNDATION