IRON SHARPENS IRON INC (EIN 208090711) - 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

2007

Legal Domicile

Principal Officer

BRIAN DOYLE

Phone

8609654601

Tax Period

2024-07-01 to 2025-06-30

IRON SHARPENS IRON INC, founded in 2007, is a small nonprofit in the Religion sector that reported $284K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $49K, a strong 17% operating margin.

Mission

TO EQUIP CHURCHES TO TRAIN MEN FOR SPIRITUAL LEADERSHIP IN THE HOME, CHURCH AND COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $145,715

Program Service Revenue $133,479

Investment Income $0

Other Revenue $5,065

TOTAL REVENUE $284,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,871

Fundraising Expenses $8,014

Program Expenses $189,564

Other Expenses $181,121

TOTAL EXPENSES $234,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$284,259	$251,439	+0.1%
Expenses	$234,992	$252,195	-0.1%
Net Income	$49,267	$-756	-66.2%

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

100

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
BRIAN S DOYLE	PRESIDENT	40.00	Officer Director	$0	$0	$0
MIKE BRAHAM	INTERIM PRESIDENT	1.00	Officer Director	$0	$0	$0
GLENN DOYLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES BURKS	SECRETARY	1.00	Officer Director	$0	$0	$0
RAY JEFFS	TREASURER	2.00	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
2025	$284,259	$234,992	$37,752	$49,267
2024	$251,439	$252,195	$10,873	$-756
2023	$285,313	$237,825	$33,795	$47,488
2022	$413,106	$314,552	$12,466	$98,554
2020	$376,996	$512,241	$119,014	$-135,245
2019	$656,855	$713,145	$98,878	$-56,290
2018	$738,446	$691,997	$127,575	$46,449

IRON SHARPENS IRON INC