INDIANA VALLEY PUBLIC IMPROVEMENT CORPOR (EIN 810838614) - 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

2015

Legal Domicile

Principal Officer

KIMRA PERKINS

Phone

3035901455

Tax Period

2023-01-01 to 2023-12-31

INDIANA VALLEY PUBLIC IMPROVEMENT CORPOR, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

THE INDIANA VALLEY PUBLIC IMPROVEMENT CORPORATION ("IVPIC") IS A SUPPORTING ORGANIZATION OF THE INDIANA VALLEY METROPOLITAN DISTRICT ("IVMD"), WHICH IS A UNIT OF LOCAL GOVERNMENT OPERATING UNDER COLORADO LAW. IVPIC WILL BE A SUPPORTING ORGANIZATION OF IVMD AND IS AUTHORIZED TO ACCEPT PIF REVENUE THAT IS COLLECTED WITHIN THE BOUNDARIES OF IVMD. IVPIC WILL BE A SUPPORTING ORGANIZATION OF IVMD, AND THEREFORE WILL BE AUTHORIZED TO ISSUE TAX-EXEMPT BONDS AND PLEDGE PIF REVENUE AS REPAYMENT FOR THOSE BONDS. IVPIC WILL BE REQUIRED TO USE THE PIF REVENUE AND BOND PROCEEDS ON PUBLIC IMPROVEMENTS AND SERVICES AUTHORIZED UNDER IVMD'S SERVICE PLAN.

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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 $0

Program Service Revenue $1,144,657

Investment Income $42,328

Other Revenue $2,691

TOTAL REVENUE $1,189,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,294,867

Other Expenses $1,294,867

TOTAL EXPENSES $1,294,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,189,676	$861,680	+0.4%
Expenses	$1,294,867	$689,640	+0.9%
Net Income	$-105,191	$172,040	-1.6%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMRA PERKINS	PRESIDENT	5.00	Officer Director	$0	$0	$0
RITA PAXTON	SECRETARY	1.00	Officer Director	$0	$0	$0
MELISSA PALENCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSELYN GUBLER	ASST SECRETARY	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	No data	No data	No data	No data
2023	$1,189,676	$1,294,867	$1,010,256	$-105,191
2022	$861,680	$689,640	$1,104,992	$172,040
2021	$548,860	$526,276	$962,815	$22,584
2020	$70,112	$575,713	$884,920	$-505,601
2019	$463,228	$195,788	$1,392,796	$267,440
2018	$228,587	$139,969	$1,117,245	$88,618

INDIANA VALLEY PUBLIC IMPROVEMENT CORPOR