INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC (EIN 131854667) - 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

1957

Legal Domicile

Principal Officer

SEAN KRON

Phone

6467283607

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC, founded in 1957, is a mid-sized nonprofit that reported $58.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

PROMOTE AND IMPROVE THE CONDITIONS OF THE MARKETPLACES INDUSTRY THROUGH PROFESSIONAL EDUCATION, CONFERENCES, PUBLICATIONS, RESEARCH AND LEGISLATIVE ACTION.

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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 $0

Program Service Revenue $55,887,973

Investment Income $2,400,793

Other Revenue $64,652

TOTAL REVENUE $58,353,418

Expense Breakdown

Grants Paid $113,471

Salaries & Benefits $24,412,398

Fundraising Expenses $0

Other Expenses $32,609,628

TOTAL EXPENSES $57,135,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,353,418	$50,346,312	+0.2%
Expenses	$57,135,497	$54,202,782	+0.1%
Net Income	$1,217,921	$-3,856,470	-1.3%

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

118

Volunteers

1187

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

$4,573,863

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN RUFRANO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES TAYLOR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN MORRISON	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALEX NYHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALISON HALLBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA DRASITES	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELE ROBINSON-GAYLORD	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY BUONO	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES DIGIOVANNA	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS NOBLE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER HOFFMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAUDE SIROIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CONOR FLYNN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA TELSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID KRUEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVON BARBOUR	BOARD MEMBER	1.00	Director	$0	$0	$0
EVE SEMBLER	BOARD MEMBER	1.00	Director	$0	$0	$0
FERNANDO DE PEA IVER	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE DRUMMEY	BOARD MEMBER	1.00	Director	$0	$0	$0
HESSAM NADJI	BOARD MEMBER	1.00	Director	$0	$0	$0
IVY GREANER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAAP TONCKENS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY EDISON	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNY CHANG MCMULLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JODIE MCLEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE BRADY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN DOLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN KITE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MULLEADY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN JP SUAREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN SIEGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN FRIED	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH TICHAR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSHUA SIMON	BOARD MEMBER	1.00	Director	$0	$0	$0
KENTON MCKEEHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LACY BEASLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE MAHOWALD	BOARD MEMBER	1.00	Director	$0	$0	$0
MANUEL MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK SCHURGIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK TORO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTIN MAYER	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MELVIN MANCE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MIKE SHANAHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK HODGE	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE SHIMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PARHAM PJ JAVAHERI	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL HILLIARD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT BOB WHELAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN ZEIGLER	BOARD MEMBER	1.00	Director	$0	$0	$0
SALVATORE IACONO	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT EISEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT MCPHERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON LETTS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN YALOF	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE COGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE ROUMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TABASSUM ZALOTRAWALA	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRENCE MAIDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
THEODORE TED FRUMKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS BOLEN III	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY SEHER	BOARD MEMBER	1.00	Director	$0	$0	$0
WHITNEY LIVINGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
WYNN SPENCER	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH MINTEER	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS MCGEE	PRESIDENT & CEO	35.00	Officer	$2,752,979	$852,460	$3,605,439
LESLEY CAMPBELL	SR. VP & GENERAL COUNSEL	35.00	Officer	$401,364	$50,440	$451,804
SEAN KRON	CFO, TREASURER	35.00	Officer	$459,685	$56,935	$516,620
VALERIE RICHARDSON	CHIEF OPERATING OFFICER	35.00	Highest	$1,122,701	$37,249	$1,159,950
KRISTIN LOGSDON	SR. VP, COMM, MARKETING, P	35.00	Highest	$499,652	$68,741	$568,393
BETSY LAIRD	SR. VP, GLOBAL PUBLIC POLI	35.00	Highest	$494,688	$83,960	$578,648
MALACHY KAVANAGH	EVP, GLOBAL & CORP DEVELOP	35.00	Highest	$506,457	$83,960	$590,417
BONNIE ARCHAMPONG	CHIEF INFORMATION OFFICER	35.00	Highest	$427,847	$36,674	$464,521

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	$58,353,418	$57,135,497	$178,869,072	$1,217,921
2022	$50,346,312	$54,202,782	$167,897,183	$-3,856,470
2021	$15,292,706	$37,435,748	$167,282,013	$-22,143,042
2020	$44,256,445	$39,366,995	$167,624,715	$4,889,450
2019	$75,460,680	$69,900,079	$162,790,864	$5,560,601
2018	$80,310,270	$71,779,886	$139,900,878	$8,530,384

INTERNATIONAL COUNCIL OF SHOPPING CENTERS INC