ADVANCE IMPROVEMENT CORPORATION (EIN 823102518) - 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

1971

Legal Domicile

Principal Officer

HAROLD M MILES

Phone

5737223517

Tax Period

2024-01-01 to 2024-12-31

ADVANCE IMPROVEMENT CORPORATION, founded in 1971, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $53K exceeded revenue, resulting in a 43% operating deficit.

Mission

We work to combat community deterioration in the comunity of Advance, Missouri by improving the community and leasing or selling commercial and industrial property at a reduced rate

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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 $36,900

Investment Income $0

Other Revenue $0

TOTAL REVENUE $36,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,859

Other Expenses $52,859

TOTAL EXPENSES $52,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,900	$20,000	+0.8%
Expenses	$52,859	$28,869	+0.8%
Net Income	$-15,959	$-8,869	+0.8%

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
ADAM RAINEY	DIRECTOR	5.00	Director	$0	$0	$0
RONNIE HEWITT	DIRECTOR	5.00	Director	$0	$0	$0
GABRYN HAZEL	DIRECTOR	5.00	Director	$0	$0	$0
HAROLD M MILES	PRESIDENT	5.00	Officer Director	$0	$0	$0
DREW SHERMAN	SECRETARYTREASURER	5.00	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	$36,900	$52,859	$1,378,951	$-15,959
2023	$20,000	$28,869	$1,395,510	$-8,869
2022	$93,200	$63,943	$1,404,379	$29,257
2021	$40,361	$14,143	$1,376,922	$26,218
2020	$34,400	$3,815	$1,350,704	$30,585
2018	$17,100	$10,846	$1,297,129	$6,254

ADVANCE IMPROVEMENT CORPORATION