IMPROVING ECONOMIES FOR STRONGER COMMUNITIES (EIN 132503656) - 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

1964

Legal Domicile

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 IS A LEADING U.S. NONPROFIT ORGANIZATION THAT FOSTERS PRIVATE SECTOR DEVELOPMENT IN THE ECONOMICALLY DEVELOPING WORLD. SINCE 1964, WE HAVE DELIVERED LASTING SOLUTIONS THAT HAVE RESULTED IN MORE THAN 1.5 MILLION JOBS IN 137 COUNTRIES.

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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 $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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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

$1,164,944

Total Directors

Key Employees

$817,224

Highest Compensated

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

IMPROVING ECONOMIES FOR STRONGER COMMUNITIES