INDEPENDENT CARRIER SAFETY ASSOCIATION (EIN 843215770) - 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

2019

Legal Domicile

Phone

8667233875

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT CARRIER SAFETY ASSOCIATION, founded in 2019, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 48% operating deficit.

Mission

IMPROVE HIGHWAY SAFETY BY PROVIDING INDEPENDENT MOTOR CARRIERS AND SMALL FLEETS WITH COST-EFFECTIVE SAFETY TOOLS AND INSURANCE COVERAGE.

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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 $1,843,259

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,843,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,855

Fundraising Expenses $0

Other Expenses $2,545,723

TOTAL EXPENSES $2,736,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,843,259	$2,328,646	-0.2%
Expenses	$2,736,578	$2,147,586	+0.3%
Net Income	$-893,319	$181,060	-5.9%

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

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

$213,440

Total Directors

$213,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN RASMUSSEN	Executive Dir.	35.00	Officer Director	$213,440	$0	$213,440
SHAWN NELSON	DIRECTOR OF OPERATIONS	35.00		$186,538	$0	$186,538
BRETT SANT	President & CEO	1.00	Officer Director	$0	$0	$0
VICTOR MALCHESKY	Director	0.00	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
2024	No data	No data	No data	No data
2023	$1,843,259	$2,736,578	$791,385	$-893,319
2022	$2,328,646	$2,147,586	$1,210,635	$181,060
2021	$899,675	$1,011,630	$2,020,461	$-111,955

INDEPENDENT CARRIER SAFETY ASSOCIATION