INITIATIVE FOR A COMPETITIVE INNER CITY INC (EIN 133772904) - 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

1994

Legal Domicile

Principal Officer

STEVE GROSSMAN

Phone

6172381740

Tax Period

2023-01-01 to 2023-12-31

INITIATIVE FOR A COMPETITIVE INNER CITY INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $9.1M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

ICIC DRIVES INCLUSIVE ECONOMIC PROSPERITY IN UNDER-RESOURCED COMMUNITIES THROUGH INNOVATIVE RESEARCH AND PROGRAMS TO CREATE JOBS, INCOME, AND WEALTH FOR LOCAL RESIDENTS.

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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 $8,540,693

Program Service Revenue $182,182

Investment Income $347,142

Other Revenue $0

TOTAL REVENUE $9,070,017

Expense Breakdown

Grants Paid $519,864

Salaries & Benefits $5,397,444

Fundraising Expenses $651,105

Program Expenses $8,034,385

Other Expenses $3,750,265

TOTAL EXPENSES $9,667,573

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,070,017	$11,628,829	-0.2%
Expenses	$9,667,573	$9,988,962	0.0%
Net Income	$-597,556	$1,639,867	-1.4%

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

$573,661

Total Directors

$369,362

Key Employees

$240,364

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE GROSSMAN	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$355,156	$14,206	$369,362
MICHAEL PORTER	FOUNDER & CHAIRMAN EMERITUS	0.00	Director	$0	$0	$0
RONALD HOMER	CHAIRMAN	0.50	Officer Director	$0	$0	$0
BARRY WHITE	VICE CHAIRMAN & TREASURER	0.50	Officer Director	$0	$0	$0
BRENDA MCKENZIE	SECRETARY	0.50	Officer Director	$0	$0	$0
LINDA APPLEGATE	BOARD MEMBER	0.30	Director	$0	$0	$0
BARBARA BERKE	BOARD MEMBER	0.30	Director	$0	$0	$0
RENA CLARK	BOARD MEMBER	0.30	Director	$0	$0	$0
GEORGE GENDRON	BOARD MEMBER	0.30	Director	$0	$0	$0
DENNIS GREEN	BOARD MEMBER	0.30	Director	$0	$0	$0
STEPHANIE HICKMAN	BOARD MEMBER	0.30	Director	$0	$0	$0
JAIR LYNCH	BOARD MEMBER	0.30	Director	$0	$0	$0
JUDY PAGLIUCA	BOARD MEMBER	0.30	Director	$0	$0	$0
JENNIFER PINCK	BOARD MEMBER	0.30	Director	$0	$0	$0
KEVIN PROKOP	BOARD MEMBER	0.30	Director	$0	$0	$0
KIM SAWYER	BOARD MEMBER	0.30	Director	$0	$0	$0
SUSAN SCHIRO	BOARD MEMBER	0.30	Director	$0	$0	$0
DARRYL SETTLES	BOARD MEMBER	0.30	Director	$0	$0	$0
SONIA SMYTH	BOARD MEMBER	0.30	Director	$0	$0	$0
WILLIE WOODS	BOARD MEMBER	0.30	Director	$0	$0	$0
CARON NG	BOARD MEMBER	0.30	Director	$0	$0	$0
ROSA SANTANA	BOARD MEMBER	0.30	Director	$0	$0	$0
OKSANA BONDAR	CHIEF FINANCIAL OFFICER	40.00	Officer	$195,600	$8,699	$204,299
HOWARD WIAL	SR. VP OF RESEARCH	40.00	Key Emp	$224,604	$15,760	$240,364
SONIA MOIN	SENIOR DIRECTOR	40.00	Highest	$174,788	$6,992	$181,780
ELIZABETH PUGH	DEVELOPMENT DIRECTOR	40.00	Highest	$134,412	$22,123	$156,535
DIEGO PORTILLO-MAZAL	PROGRAM DIRECTOR	40.00	Highest	$147,604	$12,680	$160,284
ELIZABETH BERNAL	DIRECTOR OF TALENT & CULTURE	40.00	Highest	$138,600	$17,994	$156,594
ANDRE LEDGISTER	COMMUNICATIONS DIRECTOR	40.00	Highest	$153,214	$4,089	$157,303

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	$9,070,017	$9,667,573	$11,620,463	$-597,556
2022	$11,628,829	$9,988,962	$11,661,853	$1,639,867
2021	$6,700,624	$6,336,872	$11,137,097	$363,752
2020	$8,178,746	$5,371,662	$10,365,078	$2,807,084
2019	$6,529,016	$6,280,711	$7,291,297	$248,305
2018	$5,543,213	$5,824,778	$6,721,684	$-281,565

INITIATIVE FOR A COMPETITIVE INNER CITY INC