OPERATION 223 INC

EIN: 933837190 501(c)(3) Youth Development

ROSCOE, IL

Total Revenue
$5,784
Total Expenses
$3,990
Total Assets
$1,259
Net Assets
$1,259
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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
2024
Legal Domicile
IL
Principal Officer
ADAM PALMER
Phone
9155252733
Tax Period
2024-01-01 to 2024-12-31

OPERATION 223 INC, founded in 2024, is a micro nonprofit in the Youth Development sector that reported $6K in total revenue in fiscal year 2024. The organization ran a surplus of $2K, a strong 31% operating margin.

Mission

Operation 223, Inc. was formed to provide guidance, training, and support to young men as they prepare physically, mentally, and spiritually to enter the military.

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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 $5,784
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,784

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $3,990
TOTAL EXPENSES $3,990

Year-over-Year Comparison

2024 2023 Change
Revenue $5,784 N/A N/A
Expenses $3,990 N/A N/A
Net Income $1,794 N/A N/A
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
7
Independent Members
7
Employees
N/A
Volunteers
1

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM PALMER EXCUTIVE DIRECTOR 1
Officer
$0 $0 $0
JOSEPH PETERSON TREASUER 1
Officer
$0 $0 $0
IVAN MARTINEZ VICE PRESIDENT 1
Officer
$0 $0 $0
CARL WEISENBECK PRESIDENT 1
Officer
$0 $0 $0
DAVID SWAIN SECRETARY 1
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
2024 $5,784 $3,990 $1,259 $1,794
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