TIERRA GRANDE IMPROVEMENT ASSOC INC TIERRA GRANDE IMPROVEMENT ASSOC INC (EIN 850229393) - 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

RHONDA DAVIS

Phone

5058642345

Tax Period

2024-01-01 to 2024-12-31

TIERRA GRANDE IMPROVEMENT ASSOC INC TIERRA GRANDE IMPROVEMENT ASSOC INC, founded in 1971, is a small nonprofit that reported $606K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $384K, a strong 63% operating margin.

Mission

TO PROVIDE SERVICES AND FACILITIES THAT TEND TO PROMOTE THE GENERAL WELFARE OF THE COMMUNITY'S INHABITANTS WITH REGARD TO HEALTH, SAFETY, EDUCATION, CULTURE, RECREATION, COMFORT AND CONVENIENCE.

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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 $200,354

Investment Income $118,808

Other Revenue $286,850

TOTAL REVENUE $606,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,579

Fundraising Expenses $0

Other Expenses $123,062

TOTAL EXPENSES $221,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$606,012	$1,225,973	-0.5%
Expenses	$221,641	$235,738	-0.1%
Net Income	$384,371	$990,235	-0.6%

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

N/A

Independent Members

N/A

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
MICHAEL SUMNER	EXEC VP & DI	N/A	Officer Director	$0	$0	$0
JUDY MAGNUSSEN	TREASURER/DI	N/A	Officer Director	$0	$0	$0
CAROL GASPARETTI	DIRECTOR	N/A	Officer Director	$0	$0	$0
VJ LARDNER	PRESIDENT	N/A	Officer Director	$0	$0	$0
RHONDA DAVIS	SECRETARY/DI	N/A	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	$606,012	$221,641	$1,731,144	$384,371
2023	$1,225,973	$235,738	$2,836,850	$990,235
2022	$234,880	$142,307	$1,769,302	$92,573
2021	$256,073	$135,502	$1,680,696	$120,571
2020	$506,976	$117,785	$1,539,333	$389,191
2019	$134,936	$120,116	$1,151,119	$14,820
2018	$114,413	$107,559	$1,127,823	$6,854

TIERRA GRANDE IMPROVEMENT ASSOC INC TIERRA GRANDE IMPROVEMENT ASSOC INC