ABILITY CENTER INC

EIN: 882952990 501(c)(3) Health Care

GOSHEN, IN

Total Revenue
$5,750
Total Expenses
$8,138
Total Assets
$131,342
Net Assets
$-7,621
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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
2022
Legal Domicile
IN
Principal Officer
DARLENE LIDY
Phone
5745222368
Tax Period
2024-01-01 to 2024-12-31

ABILITY CENTER INC, founded in 2022, is a micro nonprofit in the Health Care sector that reported $6K in total revenue in fiscal year 2024. Expenses of $8K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROVIDE A MEETING PLACE FOR DISABILITY ACTIVITIES AND A HOME FOR WHEELCHAIR HELP.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $650
Program Service Revenue $0
Investment Income $0
Other Revenue $5,100
TOTAL REVENUE $5,750

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,138
Other Expenses $8,138
TOTAL EXPENSES $8,138

Year-over-Year Comparison

2024 2023 Change
Revenue $5,750 N/A N/A
Expenses $8,138 $5,166 +0.6%
Net Income $-2,388 $-5,166 -0.5%
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

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Governance

Voting Members
2
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARLENE LIDY PRESIDENT 001.00
Officer Director
$0 $0 $0
JOSEPH LIDY VICE PRESIDENT 001.00
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 $5,750 $8,138 $131,342 $-2,388
2022 No data $67 $116,771 No data
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