INSTITUTE FOR COMMUNITY ECONOMICS INC (EIN 042617283) - 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

1967

Legal Domicile

Principal Officer

PRIYA JAYACHANDRAN

Phone

2023338931

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE FOR COMMUNITY ECONOMICS INC, founded in 1967, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 467% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 5% surplus.

Mission

TO PROMOTE THE COMMUNITY LAND TRUST MODEL OF PERMANENT AFFORDABLE HOUSING, LAND STEWARDSHIP AND COMMUNITY DEVELOPMENT THROUGH THE OPERATION OF A REVOLVING LOAN FUND.

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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 $1,564,556

Program Service Revenue $236,556

Investment Income $340,126

Other Revenue $0

TOTAL REVENUE $2,141,238

Expense Breakdown

Grants Paid $1,075,000

Salaries & Benefits $0

Fundraising Expenses $33,755

Program Expenses $1,806,479

Other Expenses $954,534

TOTAL EXPENSES $2,029,534

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,141,238	$377,333	+4.7%
Expenses	$2,029,534	$309,843	+5.6%
Net Income	$111,704	$67,490	+0.7%

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

$1,256,668

Total Directors

$374,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT MACLEOD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRYSTAL KORNEGAY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN EHRENBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MANEVAL	BOARD MEMBER	1.00	Director	$0	$0	$0
LEILA FINUCANE	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI GLASS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLA BILONICK	BOARD MEMBER	1.00	Director	$0	$0	$0
PRIYA JAYACHANDRAN	PRESIDENT AND BOARD MEMBER	3.00	Officer Director	$352,336	$22,189	$374,525
RON GRZYWINSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
SAL STEVEN-HUBBARD	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCE TOYE	BOARD MEMBER	1.00	Director	$0	$0	$0
ADNAN BOKHARI	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICE HAMILTON EVERT	ASSISTANT SECRETARY/SECRET	14.00	Officer	$123,071	$29,533	$152,604
JOSH EARN	VICE PRESIDENT	5.00	Officer	$207,526	$36,447	$243,973
MARY RANGEL	SECRETARY	1.00	Officer	$104,852	$23,619	$128,471
NICOLE MEYER	ASSISTANT SECRETARY	6.00	Officer	$79,264	$18,636	$97,900
STEVEN SPEARS	TREASURER (UNTIL 11/23)	10.00	Officer	$200,000	$0	$200,000
NICOLE PROROCK	TREASURER (AS OF 11/23)	10.00	Officer	$54,624	$4,571	$59,195

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	$2,141,238	$2,029,534	$23,446,429	$111,704
2022	$377,333	$309,843	$9,642,664	$67,490
2021	$463,231	$283,439	$6,123,997	$179,792
2020	$268,166	$328,757	$6,496,200	$-60,591
2019	$388,448	$379,897	$6,784,637	$8,551
2018	$388,796	$379,735	$7,878,741	$9,061

INSTITUTE FOR COMMUNITY ECONOMICS INC