The Iris Network (EIN 010196359) - 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

1905

Legal Domicile

Principal Officer

David Barnwell

Phone

2077746273

Tax Period

2023-10-01 to 2024-09-30

The Iris Network, founded in 1905, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $667K, a strong 21% operating margin.

Mission

To help people who are visually impaired or blind attain independence and community integration.

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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 $776,019

Program Service Revenue $1,997,008

Investment Income $235,990

Other Revenue $218,518

TOTAL REVENUE $3,227,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,014,540

Fundraising Expenses $217,677

Program Expenses $1,926,031

Other Expenses $545,611

TOTAL EXPENSES $2,560,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,227,535	$2,596,794	+0.2%
Expenses	$2,560,151	$2,399,939	+0.1%
Net Income	$667,384	$196,855	+2.4%

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

$134,896

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Wakefield	Director	0.50	Director	$0	$0	$0
Holly Knight McCarthy	Director	0.50	Director	$0	$0	$0
David J Stuchiner	Director	0.50	Director	$0	$0	$0
Johnathan G Nathans	Director	0.50	Director	$0	$0	$0
Nicholas Giudice	Director	0.50	Director	$0	$0	$0
Andrew B MacLean	Secretary	2.00	Officer Director	$0	$0	$0
Merrill E Barter	Treasurer	2.00	Officer Director	$0	$0	$0
Pauline Lamontagne	Chair	2.00	Officer Director	$0	$0	$0
Todd McKee	Director	0.50	Director	$0	$0	$0
Jane Eberle	Vice Chair	2.00	Officer Director	$0	$0	$0
Terri Grijalva	Director	0.50	Director	$0	$0	$0
Lisa Hicks	Director	0.50	Director	$0	$0	$0
David Barnwell	President/CEO	40.00	Officer	$132,040	$2,856	$134,896

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	$3,227,535	$2,560,151	$10,418,592	$667,384
2023	$2,596,794	$2,399,939	$9,430,770	$196,855
2022	$7,149,596	$2,223,409	$9,166,873	$4,926,187
2021	$2,683,947	$2,161,446	$3,265,341	$522,501
2020	$2,225,295	$2,232,190	$2,916,602	$-6,895
2019	$2,129,847	$2,327,927	$3,275,731	$-198,080
2018	$2,471,182	$2,732,117	$3,346,926	$-260,935

The Iris Network