IMPETUS INC (EIN 822130061) - 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

2017

Legal Domicile

Principal Officer

LOGAN PICHEL

Phone

5027532902

Tax Period

2025-01-01 to 2025-12-31

IMPETUS INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $117K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $248K exceeded revenue, resulting in a 112% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO CREATIVELY SOLVE PRESSING SOCIAL AND ECONOMIC ISSUES IN THE LOUISVILLE, KENTUCKY AREA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $117,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $117,000

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $246,460

Other Expenses $245,562

TOTAL EXPENSES $247,562

Year-over-Year Comparison

	2025	2024	Change
Revenue	$117,000	$141,500	-0.2%
Expenses	$247,562	$271,325	-0.1%
Net Income	$-130,562	$-129,825	+0.0%

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
SCOTT CATLETT	BOARD CHAIR	1	Officer Director	$0	$0	$0
LOGAN PICHEL	CHAIR ELECT	1	Officer Director	$0	$0	$0
JENNIFER HANCOCK	PAST BOARD CHAIR	1	Officer Director	$0	$0	$0
TODD SPENCER	TREASURER	1	Officer Director	$0	$0	$0
THOMAS WILLIAMS	SECRETARY	1	Officer Director	$0	$0	$0
MIKE MOUNTJOY	DIRECTOR	1	Director	$0	$0	$0
ALICE HOUSTON	DIRECTOR	1	Director	$0	$0	$0
C EDWARD GLASSCOCK	DIRECTOR	1	Director	$0	$0	$0
SANDRA FRAZIER	DIRECTOR	1	Director	$0	$0	$0
JOHN CROCKETT	DIRECTOR	1	Director	$0	$0	$0
RALPH DE CHABERT	DIRECTOR	1	Director	$0	$0	$0
NICK D ANDREA	DIRECTOR	1	Director	$0	$0	$0
PAT MULLOY	DIRECTOR	1	Director	$0	$0	$0
STEVE POE	DIRECTOR	1	Director	$0	$0	$0
SUSAN DONOVAN	DIRECTOR	1	Director	$0	$0	$0
JAMES ALLEN	DIRECTOR	1	Director	$0	$0	$0
CAROLYN TANDY	DIRECTOR	1	Director	$0	$0	$0
LES FUGATE	DIRECTOR	1	Director	$0	$0	$0
BRIAN CROMER	DIRECTOR	1	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	$117,000	$247,562	$147,427	$-130,562
2024	$141,500	$271,325	$277,989	$-129,825
2023	$201,000	$213,980	$407,814	$-12,980
2022	$451,587	$192,300	$420,794	$259,287
2021	$291,616	$227,773	$161,507	$63,843

IMPETUS INC