IBAC Corporation

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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

Principal Officer

Amy Grooters

Phone

6513479190

Tax Period

2025-01-01 to 2025-12-31

IBAC Corporation, founded in 2019, is a small nonprofit that reported $622K in total revenue in fiscal year 2025. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $578K left a modest 7% surplus.

Mission

Providing religious and theological training to leaders and pastors

Program Service Accomplishments

Program 1

Expenses: $531,379

National Teachers-Training institute with 30 hours of instruction for each institute with an attendance of 80 pastors. Operations/Ministry Expenses Hosting an average of 50 institutions per year for...

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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 $621,999

Program Service Revenue $0

Investment Income $123

Other Revenue $0

TOTAL REVENUE $622,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $278,776

Fundraising Expenses $0

Program Expenses $531,379

Other Expenses $299,165

TOTAL EXPENSES $577,941

Year-over-Year Comparison

	2025	2024	Change
Revenue	$622,122	$468,602	+0.3%
Expenses	$577,941	$445,546	+0.3%
Net Income	$44,181	$23,056	+0.9%

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

N/A

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

$71,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James L Wilson	President	040.00	Officer	$71,800	$0	$71,800
Jay Grooters	Vice President	010.00	Officer	$0	$0	$0
Jerry Vickers	Secretary	001.00	Officer	$0	$0	$0
Amy Grooters	Treasurer	020.00	Officer	$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	$622,122	$577,941	$354,901	$44,181
2024	$468,602	$445,546	$343,118	$23,056
2023	$363,263	$300,185	$311,062	$63,078
2022	$411,045	$225,169	$205,224	$185,876