IYRS SCHOOL OF TECHNOLOGY & TRADES SCHOOL INC (EIN 050470320) - 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

1993

Legal Domicile

Principal Officer

KERN MAASS

Phone

4018485777

Tax Period

2023-07-01 to 2024-06-30

IYRS SCHOOL OF TECHNOLOGY & TRADES SCHOOL INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $20.4M represent 45 months of operating reserves.

Mission

IYRS EMPOWERS STUDENTS THROUGH IMMERSIVE, HANDS-ON LEARNING TO REALIZE THEIR FULL POTENTIAL IN CAREERS AND IN LIFE.

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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 $2,281,307

Program Service Revenue $2,825,781

Investment Income $194,207

Other Revenue $80,364

TOTAL REVENUE $5,381,659

Expense Breakdown

Grants Paid $296,870

Salaries & Benefits $2,612,674

Fundraising Expenses $435,490

Program Expenses $3,948,745

Other Expenses $2,413,830

TOTAL EXPENSES $5,323,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,381,659	$4,779,750	+0.1%
Expenses	$5,323,374	$5,660,729	-0.1%
Net Income	$58,285	$-880,979	-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

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

$525,732

Total Directors

$368,076

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX VALCIC	TRUSTEE	0.50	Director	$0	$0	$0
BILL FIRTH	TRUSTEE	0.50	Director	$0	$0	$0
BILL MORONG	TRUSTEE	0.50	Director	$0	$0	$0
CARTER RICHARDSON	TRUSTEE	0.50	Director	$0	$0	$0
CONNELL CHRISTOPHER CANNON	TRUSTEE	0.50	Director	$0	$0	$0
DAISY D'ISERNIA	TRUSTEE	0.50	Director	$0	$0	$0
DANIEL OGDEN	TRUSTEE	0.50	Director	$0	$0	$0
DARRELL CRATE	TRUSTEE	0.50	Director	$0	$0	$0
DEBORAH HADLEY	TRUSTEE (TO 9/23)	0.50	Director	$0	$0	$0
DOUGLAS L NEWHOUSE	TREASURER	0.50	Officer Director	$0	$0	$0
DR KATHLEEN BARNES	TRUSTEE	0.50	Director	$0	$0	$0
GEORGE BAKER	TRUSTEE	0.50	Director	$0	$0	$0
HANNAH SWETT	TRUSTEE	0.50	Director	$0	$0	$0
J STEVE WHITE	TRUSTEE (TO 7/23)	0.50	Director	$0	$0	$0
JAY COOGAN	PRESIDENT/CEO (TO 7/23)	50.00	Officer Director	$189,813	$24,116	$213,929
JOHN BROOKS	TRUSTEE	0.50	Director	$0	$0	$0
JOHN HALEY	TRUSTEE	0.50	Director	$0	$0	$0
JOHN KLINCK JR	TRUSTEE (TO 7/23)	0.50	Director	$0	$0	$0
KERN MAASS	PRESIDENT/CEO	50.00	Officer Director	$149,507	$4,640	$154,147
LAUREN FLAHERTY	TRUSTEE	0.50	Director	$0	$0	$0
LAWRENCE GLENN	TRUSTEE	0.50	Director	$0	$0	$0
LISA HINTZ CHEEK	TRUSTEE	0.50	Director	$0	$0	$0
LISA LEFORT	TRUSTEE	0.50	Director	$0	$0	$0
MALCOLM D CLARKE JR	TRUSTEE	0.50	Director	$0	$0	$0
MARTIN KEEN	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL J DOMINGUEZ	SECRETARY (TO 7/23)	0.50	Officer Director	$0	$0	$0
NEAL HARRELL JR	TRUSTEE	0.50	Director	$0	$0	$0
PETER DENTON	TRUSTEE	0.50	Director	$0	$0	$0
RALPH ISHAM	TRUSTEE	0.50	Director	$0	$0	$0
RIVES POTTS	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT FLAXMAN	TRUSTEE	0.50	Director	$0	$0	$0
RONALD DUNBAR	TRUSTEE	0.50	Director	$0	$0	$0
RONALD P O'HANLEY	VICE-CHAIRMAN	0.50	Officer Director	$0	$0	$0
SEAN NEWTH	TRUSTEE	0.50	Director	$0	$0	$0
STEPHEN GLASCOCK	CHAIRMAN	0.50	Officer Director	$0	$0	$0
SUSAN BALLOCH	TRUSTEE	0.50	Director	$0	$0	$0
TERRY LANZA	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS FARRELL	SECRETARY	0.50	Officer Director	$0	$0	$0
WILLIAM KAHANE	TRUSTEE	0.50	Officer Director	$0	$0	$0
MONIQUE COLLINS	CFO	50.00	Officer	$137,481	$20,175	$157,656

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	No data	No data	No data	No data
2024	$5,381,659	$5,323,374	$21,806,897	$58,285
2023	$4,779,750	$5,660,729	$23,167,671	$-880,979
2022	$5,182,625	$4,570,296	$24,395,751	$612,329
2021	$6,955,920	$4,380,319	$26,287,190	$2,575,601
2020	$4,836,512	$4,215,374	$26,980,906	$621,138
2019	$3,859,744	$4,463,587	$26,607,842	$-603,843
2018	$4,936,001	$4,799,487	$27,496,461	$136,514

IYRS SCHOOL OF TECHNOLOGY & TRADES SCHOOL INC