IMPROVING ECONOMIES FOR STRONGER COMMUNITIES

EIN: 132503656 501(c)(3)

WASHINGTON, DC

Total Revenue
$30,212,303
Total Expenses
$29,366,639
Total Assets
$33,554,070
Net Assets
$2,906,448
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
NY
Principal Officer
DAVID HARTINGH
Phone
2025892600
Tax Period
2023-01-01 to 2023-12-31

IMPROVING ECONOMIES FOR STRONGER COMMUNITIES, founded in 1964, is a mid-sized nonprofit that reported $30.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

IESC HELPS PEOPLE IMPROVE THEIR LIVES BY CATALYZING PRIVATE SECTOR GROWTH AND EMPLOYMENT IN ECONOMICALLY DEVELOPING COUNTRIES.

Program Service Accomplishments

Program 1
Expenses: $10,258,937

TRADE AND ENTERPRISE: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS INCLUDE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3)...

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TRADE AND ENTERPRISE: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS INCLUDE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. THE TRADE AND ENTERPRISE PRACTICE AREA WORKS WITH ENTERPRISES ACROSS ECONOMIC SECTORS TO LAUNCH, INNOVATE, AND GROW. IT ALSO WORKS TO ADVANCE TRADE FACILITATION EFFICIENCY, COORDINATION, AND TRANSPARENCY. IESC HAS EIGHT CORE AREAS OF EXPERTISE THAT ARE INTERCONNECTED TO OUR PRACTICE AREAS. THE TRADE AND ENTERPRISE PRACTICE AREA'S WORK INCLUDES ACTIVITIES ACROSS THE FOLLOWING AREAS OF EXPERTISE, LISTED IN ALPHABETICAL ORDER: ACCESS TO FINANCE AND INVESTMENT; BUSINESS ENABLING ENVIRONMENT; INSTITUTIONAL CAPACITY STRENGTHENING; ENTERPRISE DEVELOPMENT AND ENTREPRENEURSHIP; MARKET LINKAGES; AND TRADE FACILITATION.

Program 2
Expenses: $4,204,777

AGRICULTURE-LED GROWTH: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS INCLUDE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3)...

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AGRICULTURE-LED GROWTH: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS INCLUDE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. THE AGRICULTURE-LED GROWTH PRACTICE AREA WORKS TO FOSTER AGRICULTURAL DEVELOPMENT IN THE ECONOMICALY DEVELOPING WORLD BY FACILITATING TECHNICAL ASSISTANCE, MUTUALLY BENEFICIAL LINKAGES, AND ACCESS TO INFORMATION, TECHNOLOGIES, AND MARKETS. IESC HAS EIGHT CORE AREAS OF EXPERTISE THAT ARE INTERCONNECTED TO OUR PRACTICE AREAS. THE AGRICULTURE-LED GROWTH PRACTICE AREA'S WORK INCLUDES ACTIVITIES ACROSS THE FOLLOWING AREAS OF EXPERTISE, LISTED IN ALPHABETICAL ORDER: ACCESS TO FINANCE AND INVESTMENT; AGRICULTURE-LED GROWTH; BUSINESS ENABLING ENVIRONMENT; INSTITUTIONAL CAPACITY STRENGTHENING; ENTERPRISE DEVELOPMENT AND ENTREPRENEURSHIP; AND MARKET LINKAGES.

Program 3
Expenses: $8,967,333

WORKFORCE, ENTREPRENEURSHIP, AND YOUTH: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS INCLUDE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND...

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WORKFORCE, ENTREPRENEURSHIP, AND YOUTH: IN THE HOME OFFICE, IESC IS STRUCTURED UNDER A PRACTICE AREA MODEL. OUR THREE CURRENT PRACTICE AREAS INCLUDE: 1) AGRICULTURE-LED GROWTH; 2) TRADE AND ENTERPRISE; AND 3) WORKFORCE, ENTREPRENEURSHIP, AND YOUTH. THE WORKFORCE, ENTREPRENEURSHIP, AND YOUTH PRACTICE AREA WORKS TO EQUIP JOBSEEKERS WITH MODERN SKILLS AND HELP THEM SECURE IN-DEMAND JOBS, PROMOTE ENTREPRENEURSHIP, AND EMPOWER YOUTH. IESC HAS EIGHT CORE AREAS OF EXPERTISE THAT ARE INTERCONNECTED TO OUR PRACTICE AREAS. THE WORKFORCE, ENTREPRENEURSHIP, AND YOUTH PRACTICE AREA'S WORK INCLUDES ACTIVITIES ACROSS THE FOLLOWING AREAS OF EXPERTISE, LISTED IN ALPHABETICAL ORDER: ACCESS TO FINANCE AND INVESTMENT; BUSINESS ENABLING ENVIRONMENT; INSTITUTIONAL CAPACITY STRENGTHENING; ENTERPRISE DEVELOPMENT AND ENTREPRENEURSHIP; MARKET LINKAGES; AND WORKFORCE DEVELOPMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $30,095,129
Program Service Revenue $0
Investment Income $117,174
Other Revenue $0
TOTAL REVENUE $30,212,303

Expense Breakdown

Grants Paid $9,350,445
Salaries & Benefits $12,929,522
Fundraising Expenses $1,760,790
Program Expenses $23,431,047
Other Expenses $7,086,672
TOTAL EXPENSES $29,366,639

Year-over-Year Comparison

2023 2022 Change
Revenue $30,212,303 $23,794,254 +0.3%
Expenses $29,366,639 $23,253,685 +0.3%
Net Income $845,664 $540,569 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
59
Volunteers
27

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
$1,164,944
Total Directors
9
$0
Key Employees
4
$817,224
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WING KEITH CHAIRMAN 5.00
Director
$0 $0 $0
MORGAN MCGRATH DIRECTOR 1.00
Director
$0 $0 $0
GILBERT GITICHE DIRECTOR 1.00
Director
$0 $0 $0
STUART FLEISCHMANN DIRECTOR 1.00
Director
$0 $0 $0
RICHARD ALDRICH DIRECTOR 1.00
Director
$0 $0 $0
DONALD LAYTON DIRECTOR 1.00
Director
$0 $0 $0
SUSAN GURLEY DIRECTOR 1.00
Director
$0 $0 $0
JEAN LANGE DIRECTOR 1.00
Director
$0 $0 $0
ROGER LAWRENCE DIRECTOR 1.00
Director
$0 $0 $0
DAVID HARTINGH CEO/PRESIDENT 53.50
Officer
$385,012 $42,297 $427,309
DANIEL NICHOLS VP FINANCE AND ACCOUNTING 49.00
Officer
$202,280 $40,148 $242,428
ERIN SPINNELL VP OPERATIONS 53.75
Officer
$196,102 $49,288 $245,390
JUDIT DEILINGER VP BUSINESS DEVELOPMENT 51.00
Officer
$204,162 $45,655 $249,817
PAM STEVENS DIRECTOR CONTRACTS & GRANTS 49.00
Key Emp
$190,008 $27,001 $217,009
ADAM KEATTS AVP AGRICULTURE LED GROWTH 45.50
Key Emp
$178,108 $39,839 $217,947
CHAD FORD AVP TRADE AND ENTERPRISE 49.00
Key Emp
$167,865 $24,876 $192,741
JOHN LINDSAY AVP WORKFORCE ENTERPRENUERSHIP AND YOUTH 45.00
Key Emp
$150,973 $38,554 $189,527
BRIAN RUDERT CHIEF OF PARTY 40.00
Highest
$220,510 $16,065 $236,575
PRADEEP LIYANAMANA CHIEF OF PARTY 43.00
Highest
$224,613 $56,126 $280,739
DANIEL FITZPATRICK CHIEF OF PARTY 40.00
Highest
$174,591 $42,337 $216,928
DAVID BLOOD CHIEF OF PARTY 45.00
Highest
$210,128 $60,248 $270,376
CHARLES CONCONI CHIEF OF PARTY 42.00
Highest
$279,418 $60,887 $340,305
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 $30,212,303 $29,366,639 $33,554,070 $845,664
2022 $23,794,254 $23,253,685 $24,366,418 $540,569
2021 $20,652,839 $19,878,998 $23,763,867 $773,841
2020 $18,087,219 $18,154,345 $16,056,921 $-67,126
2019 $20,129,505 $20,316,391 $13,217,311 $-186,886
2018 $19,902,110 $18,510,504 $19,362,071 $1,391,606
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