PORT ALSWORTH IMPROVEMENT CORPORATION (EIN 943137666) - 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

1990

Legal Domicile

Principal Officer

LEO FOWLER

Phone

9077813033

Tax Period

2024-07-01 to 2025-06-30

PORT ALSWORTH IMPROVEMENT CORPORATION, founded in 1990, is a small nonprofit that reported $120K in total revenue in fiscal year 2024. Expenses of $143K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDE COMMUNITY WELFARE, DEVELOPMENT, MAINTENANCE AND OPERATION OF COMMUNITY FACILITIES.

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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 $37,091

Program Service Revenue $73,280

Investment Income $9,958

Other Revenue $0

TOTAL REVENUE $120,329

Expense Breakdown

Grants Paid $6,814

Salaries & Benefits $37,539

Fundraising Expenses $0

Program Expenses $106,367

Other Expenses $98,319

TOTAL EXPENSES $142,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,329	$123,611	0.0%
Expenses	$142,672	$144,144	0.0%
Net Income	$-22,343	$-20,533	+0.1%

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

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

$21,420

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAGGIE MCKAY	ADMINISTRATO	9.81	Officer	$21,420	$0	$21,420
LEO FOWLER	PRESIDENT	1.20	Officer Director	$0	$0	$0
JON BURROWS	VICE PRESIDE	1.20	Officer Director	$0	$0	$0
ERIC WARDELL	TREASURER/SE	1.20	Officer Director	$0	$0	$0
RALPH NABINGER	MEMBER AT LA	1.20	Director	$0	$0	$0
CARLON VORAN	MEMBER AT LA	1.20	Director	$0	$0	$0
GLEN ALSWORTH III	MEMBER AT LA	1.20	Director	$0	$0	$0
MARK MCGEE	MEMBER AT LA	1.20	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	$120,329	$142,672	$800,573	$-22,343
2024	$123,611	$144,144	$825,568	$-20,533
2023	$112,607	$157,324	$844,203	$-44,717
2022	$105,355	$109,079	$888,700	$-3,724
2021	$111,616	$109,592	$891,592	$2,024
2020	$123,298	$103,287	$890,637	$20,011
2019	$134,932	$139,655	$867,880	$-4,723
2018	$204,488	$195,156	$874,021	$9,332

PORT ALSWORTH IMPROVEMENT CORPORATION