NICARAGUA INITIATIVE FOR COMMUNITY ADVANCEMENT INC (EIN 204637401) - 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

2006

Legal Domicile

Principal Officer

TERRI MARLETT

Phone

4695023863

Tax Period

2023-01-01 to 2023-12-31

NICARAGUA INITIATIVE FOR COMMUNITY ADVANCEMENT INC, founded in 2006, is a small nonprofit in the International Affairs sector that reported $196K in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. Expenses of $381K exceeded revenue, resulting in a 94% operating deficit.

Mission

NICARAGUA INITIATIVE FOR COMMUNITY ADVANCEMENT, INC. REFERRED TO AS NICA IS A RESEARCH AND DEVELOPMENT NGO. WE ARE COMMITTED TO ELEVATING RURAL COMMUNITIES THROUGHOUT NICARAGUA BY DEVELOPING CONTINUED IN SCH. O

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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 $209,356

Program Service Revenue $0

Investment Income $-11,716

Other Revenue $-1,379

TOTAL REVENUE $196,261

Expense Breakdown

Grants Paid $113,468

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $342,202

Other Expenses $267,335

TOTAL EXPENSES $380,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,261	$92,689	+1.1%
Expenses	$380,803	$348,963	+0.1%
Net Income	$-184,542	$-256,274	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI MARLETT	DIRECTOR, EXECUTIVE DIRECTOR	020.00	Officer Director	$0	$0	$0
CHRIS MARLETT	DIRECTOR, TREASURER	002.00	Officer Director	$0	$0	$0
AARON GRUNFELD	DIRECTOR, SECRETARY	000.50	Officer 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	No data	No data	No data	No data
2023	$196,261	$380,803	$509,363	$-184,542
2022	$92,689	$348,963	$684,051	$-256,274
2021	$195,403	$333,682	$962,190	$-138,279
2020	$50,865	$360,005	$1,179,082	$-309,140
2019	$23,157	$291,197	$1,264,097	$-268,040
2018	$136,294	$221,658	$1,368,418	$-85,364

NICARAGUA INITIATIVE FOR COMMUNITY ADVANCEMENT INC