INNER FORCE ECONOMIC DEVELOPMENT CORP (EIN 113372566) - 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

1997

Legal Domicile

Principal Officer

MITCHELLE PITCAIRN

Phone

7186045786

Tax Period

2024-01-01 to 2024-12-31

INNER FORCE ECONOMIC DEVELOPMENT CORP, founded in 1997, is a small nonprofit in the Education sector that reported $204K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

To promote health and welfare awareness to students in Brooklyn, through the provision of After School and Summer programs.

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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 $45,200

Program Service Revenue $158,867

Investment Income $0

Other Revenue $0

TOTAL REVENUE $204,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,010

Fundraising Expenses $0

Program Expenses $172,510

Other Expenses $15,756

TOTAL EXPENSES $207,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,067	$385,227	-0.5%
Expenses	$207,766	$246,296	-0.2%
Net Income	$-3,699	$138,931	-1.0%

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

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
MICHELLE PITCAIRN	BOARD CHAIRMAN	002.00	Officer Director	$0	$0	$0
DWAYNE CHAPMAN	SECRETARY	001.00	Officer Director	$0	$0	$0
AUSTIN IDAHEN	BOARD MEMBER	002.00	Director	$0	$0	$0
NATHIFA AMUAKU	BOARD MEMBER	001.00	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	$204,067	$207,766	$31,536	$-3,699
2023	$385,227	$246,296	$171,674	$138,931
2022	$150,865	$248,943	$45,109	$-98,078
2021	$195,883	$224,156	$17,554	$-28,273
2020	$139,078	$219,481	$26,589	$-80,403
2019	$287,342	$325,392	$70,076	$-38,050
2018	$308,713	$371,143	$91,645	$-62,430

INNER FORCE ECONOMIC DEVELOPMENT CORP