VISION ATLANTIC INC (EIN 920683551) - 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

2022

Legal Domicile

Principal Officer

CHRISTINA BATEMAN

Phone

7122495228

Tax Period

2024-01-01 to 2024-12-31

VISION ATLANTIC INC, founded in 2022, is a community nonprofit in the Housing & Shelter sector that reported $9.9M in total revenue in fiscal year 2024. Revenue surged 382% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.1M, a strong 92% operating margin.

Mission

EMPOWER GROWTH, ENHANCE LIVES, AND CREATE A THRIVING COMMUNITY TOGETHER THROUGH THE ECONOMIC DEVELOPMENT OF ATLANTIC, IOWA

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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 $9,843,901

Program Service Revenue $0

Investment Income $36,174

Other Revenue $0

TOTAL REVENUE $9,880,075

Expense Breakdown

Grants Paid $677,526

Salaries & Benefits $0

Fundraising Expenses $48,000

Program Expenses $684,569

Other Expenses $66,526

TOTAL EXPENSES $744,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,880,075	$2,050,620	+3.8%
Expenses	$744,052	$17,426	+41.7%
Net Income	$9,136,023	$2,033,194	+3.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
CHRISTINA BATEMAN	PRESIDENT	50.00	Officer Director	$0	$0	$0
NICK HUNT	VICE PRESIDENT	12.00	Officer Director	$0	$0	$0
MELISSA IHNEN	SECRETARY	2.00	Officer Director	$0	$0	$0
DEBBIE WATERBURY	TREASURER	5.00	Director	$0	$0	$0
KEITH HARLAN	DIRECTOR	3.00	Director	$0	$0	$0
JESSIE SHIELS	DIRECTOR	3.00	Director	$0	$0	$0
ELIZABETH REID	DIRECTOR	1.50	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	$9,880,075	$744,052	$11,269,393	$9,136,023
2023	$2,050,620	$17,426	$2,033,194	$2,033,194

VISION ATLANTIC INC