MUNICIPAL CLERKS EDUCATION FOUNDATION OF IIMC INC (EIN 953926604) - 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

1984

Legal Domicile

Principal Officer

COLLEEN NICOL

Phone

9519906648

Tax Period

2023-01-01 to 2023-12-31

MUNICIPAL CLERKS EDUCATION FOUNDATION OF IIMC INC, founded in 1984, is a small nonprofit in the Education sector that reported $366K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $230K, a strong 63% operating margin.

Mission

The Organization provides grants and scholarships directly to, or for the benefit of, municipal clerks for education and training purposes so that they can become more proficient in their profession.

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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 (2023)

Revenue Breakdown

Contributions & Grants $196,228

Program Service Revenue $0

Investment Income $122,096

Other Revenue $47,634

TOTAL REVENUE $365,958

Expense Breakdown

Grants Paid $41,457

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,031

Other Expenses $94,073

TOTAL EXPENSES $135,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$365,958	$330,027	+0.1%
Expenses	$135,530	$92,524	+0.5%
Net Income	$230,428	$237,503	0.0%

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

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
MARY LYNNE STRATTA	President	1.00	Director	$0	$0	$0
BUSTER BROWN	Secretary	1.00	Director	$0	$0	$0
COLLEEN NICOL	Treasurer	6.00	Director	$0	$0	$0
TRACY DAVIS	Secretary	1.00	Director	$0	$0	$0
JAMES BONNEVILLE	Director	1.00	Director	$0	$0	$0
SHARON CASSLER	Director	1.00	Director	$0	$0	$0
KATHYRN DORNAN	Director	1.00	Director	$0	$0	$0
RAY BOLLHAUER	Director	1.00	Director	$0	$0	$0
SHARI MOORE	Director	1.00	Director	$0	$0	$0
CRISTINA LOVERDE	Director	1.00	Director	$0	$0	$0
VINCENT BUTTIGLIERI	Director	1.00	Director	$0	$0	$0
ROXANNE SCHNEIDER	Director	1.00	Director	$0	$0	$0
EELCO GROENENBOOM	Director	1.00	Director	$0	$0	$0
MARY ANN HESS	Director	1.00	Director	$0	$0	$0
LISA GARCIA	Director	1.00	Director	$0	$0	$0
DAWN ABRAHAMSON	Director	1.00	Director	$0	$0	$0
DONNY BARSTOW	Director	1.00	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	No data	No data	No data	No data
2023	$365,958	$135,530	$3,877,605	$230,428
2022	$330,027	$92,524	$3,397,401	$237,503
2021	$520,938	$96,426	$3,795,291	$424,512
2020	$211,561	$86,449	$3,251,681	$125,112
2019	$378,956	$102,703	$2,929,066	$276,253
2018	$249,363	$93,980	$2,414,905	$155,383

MUNICIPAL CLERKS EDUCATION FOUNDATION OF IIMC INC