640 IMPROVEMENT CORPORATION C/O JOHN M MULLINS (EIN 841428857) - 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

1995

Legal Domicile

Principal Officer

JOHN M MULLINS

Phone

3036839382

Tax Period

2024-08-01 to 2025-07-31

640 IMPROVEMENT CORPORATION C/O JOHN M MULLINS, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $193K, a strong 18% operating margin.

Mission

ORGANIZATION ENTERED INTO AN AGREEMENT WITH CITY OF LAKEWOOD, CO TO CONSTRUCT & MAINTAIN PUBLIC IMPROVEMENTS DEDICATED TO THE CITY UTILIZING A PORTION OF SALES TAX REVENUE.

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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 $1,045,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,045,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $634,000

Fundraising Expenses $0

Program Expenses $221,000

Other Expenses $217,709

TOTAL EXPENSES $851,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,045,000	$745,001	+0.4%
Expenses	$851,709	$759,309	+0.1%
Net Income	$193,291	$-14,308	-14.5%

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

$867,500

Total Directors

$867,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN M MULLINS	PRESIDENT	40.00	Officer Director	$634,000	$0	$634,000
BILL JENKINS	DIRECTOR	5.00	Officer Director	$0	$0	$233,500

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	$1,045,000	$851,709	$2,132,229	$193,291
2024	$745,001	$759,309	$1,938,938	$-14,308
2023	$1,262,008	$516,032	$1,953,246	$745,976
2022	$1,045,008	$501,052	$1,207,270	$543,956
2021	$925,007	$367,570	$663,314	$557,437
2020	$1,225,007	$1,218,365	$105,877	$6,642
2019	$975,006	$998,487	$99,235	$-23,481

640 IMPROVEMENT CORPORATION C/O JOHN M MULLINS