IONA COMMUNITY NEW WORLD FOUNDATION

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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

1978

Legal Domicile

Principal Officer

JOHN DILLON

Phone

5702428317

Tax Period

2024-01-01 to 2024-12-31

IONA COMMUNITY NEW WORLD FOUNDATION, founded in 1978, is a micro nonprofit that reported $38K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $36K left a modest 3% surplus.

Mission

THE FOUNDATION'S MISSION IS TO SUPPORT THE WORK OF THE IONA COMMUNITY, AN ECUMENICAL CHRISTIAN COMMUNITY OF MEN AND WOMEN FROM DIFFERENT WALKS OF LIFE AND DIFFERENT TRADITIONS IN THE CHRISTIAN CHURCH THAT IS COMMITTED TO SEEKING NEW WAYS OF LIVING THE GOSPEL OF JESUS CHRIST IN TODAY'S WORLD.

Program Service Accomplishments

Program 1

Expenses: $30,306 Revenue: $37,263

THE FOUNDATION RAISES FUNDS TO ASSIST THE IONA COMMUNITY'S WORK AND PROGRAMS. THE FOUNDATION'S MATERIAL SUPPORT ASSISTS WITH THE WORK AND PROGRAMS OF THE IONA COMMUNITY IN SEEKING NEW WAYS OF LIVING...

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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 $37,263

Program Service Revenue $0

Investment Income $421

Other Revenue $0

TOTAL REVENUE $37,684

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,306

Other Expenses $6,431

TOTAL EXPENSES $36,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,684	$31,320	+0.2%
Expenses	$36,431	$55,998	-0.3%
Net Income	$1,253	$-24,678	-1.1%

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

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
PHYLLIS IVES	TRUSTEE	1.00	Director	$0	$0	$0
KATHARINE PRESTON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN DILLON	CHAIR	1.00	Officer	$0	$0	$0
DEANA LOWE	TREASURER	1.00	Officer	$0	$0	$0
WILLIAM KLEIN	SECRETARY	1.00	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	$37,684	$36,431	$16,734	$1,253
2023	$31,320	$55,998	$15,481	$-24,678
2022	$26,531	$6,127	$40,159	$20,404
2021	$201,819	$191,698	$19,755	$10,121
2020	$45,799	$51,792	$9,634	$-5,993
2019	$47,148	$98,840	$15,627	$-51,692
2018	$497,874	$450,959	$67,319	$46,915