INTERNATIONAL ASSOC OF APPROVED (EIN 846028187) - 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

1970

Legal Domicile

Principal Officer

TOM BENNETT

Phone

9708543927

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL ASSOC OF APPROVED, founded in 1970, is a small nonprofit that reported $127K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27K, a strong 21% operating margin.

Mission

EDUCATION AND TRAINING OF BASKETBALL REFEREES.

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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 $126,162

Investment Income $1,276

Other Revenue $0

TOTAL REVENUE $127,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,798

Other Expenses $100,209

TOTAL EXPENSES $100,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,438	$92,358	+0.4%
Expenses	$100,209	$95,395	+0.1%
Net Income	$27,229	$-3,037	-10.0%

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

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
DEREK EASDON	PRESIDENT	N/A	Officer Director	$0	$0	$0
DENISE LOPEZ	SECRETARY	N/A	Officer Director	$0	$0	$0
TOM BENNETT	TREASURER	N/A	Officer Director	$0	$0	$0
DAVE SMITH	RULES INTERP	N/A	Director	$0	$0	$0
KIRBY CLOCK	PAST PRESIDE	N/A	Director	$0	$0	$0
BOB LANTZY	IAABO NAT EX	N/A	Director	$0	$0	$0
RICHARD GRAY	REGIONAL DIR	N/A	Director	$0	$0	$0
JEFF LAGRANGE	REGIONAL DIR	N/A	Director	$0	$0	$0
KEVIN FERGUS	REGIONAL DIR	N/A	Director	$0	$0	$0
JASON HOLSAN	REGIONAL DIR	N/A	Director	$0	$0	$0
ANDY HEO	PRESIDENT EL	N/A	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	No data	No data	No data	No data
2024	$127,438	$100,209	$80,633	$27,229
2023	$92,358	$95,395	$53,404	$-3,037
2022	$81,154	$94,193	$56,441	$-13,039
2021	$80,899	$81,063	$69,480	$-164
2020	$94,525	$108,825	$69,644	$-14,300
2019	$107,834	$92,683	$83,944	$15,151
2018	$113,908	$111,112	$68,793	$2,796

INTERNATIONAL ASSOC OF APPROVED