IKAN INCORPORATED

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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

LAURIE BURGALETA

Phone

8455086298

Tax Period

2024-01-01 to 2024-12-31

IKAN INCORPORATED, founded in 2006, is a community nonprofit in the Human Services sector that reported $5.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

IKAN, INC. WILL PROVIDE QUALITY SERVICES TO INDIVIDUALS, AND THEIR FAMILIES SUFFERING FROM OR AFFECTED BY DEVELOPMENTAL DISABILITIES INCLUDING, MEDICAID SERVICE COORDINATION, RESIDENTIAL HABILITATION SERVICES, PRE-VOCATIONAL SERVICES, SUPPORTIVE EMPLOYMENT, RESPITE, ENVIRONMENTAL MODIFICATION, ADAPTIVE TECHNOLOGIES, FAMILY EDUCATION AND TRAINING, RECREATION OPPORTUNITES AND SUPPORTIVE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $1,433,841 Revenue: $1,111,851

SELF DIRECTED FAMILY REIMBURSEMENT AND GOODS AND SERVICES

Program 2

Expenses: $2,577,069 Revenue: $2,444,587

COMMUNITY HABILITATION

Program 3

Expenses: $616,541 Revenue: $1,095,210

FISCAL INTERMEDIARY AND RELATED SERVICES

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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 $0

Program Service Revenue $5,095,649

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,095,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,588,332

Fundraising Expenses $0

Program Expenses $4,996,039

Other Expenses $1,978,297

TOTAL EXPENSES $5,566,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,095,649	$4,597,361	+0.1%
Expenses	$5,566,629	$4,781,090	+0.2%
Net Income	$-470,980	$-183,729	+1.6%

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

157

Volunteers

N/A

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

$246,239

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH SALKIN	PRESIDENT	1.00	Director	$0	$0	$0
RONNI FISHER	SECRETARY	1.00	Director	$0	$0	$0
THOMAS W SMITH	TREASURER	1.00	Director	$0	$0	$0
LAURIE BURGALETA	EXECUTIVE DIRECTOR	40.00	Officer	$246,239	$0	$246,239

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	$5,095,649	$5,566,629	$1,171,801	$-470,980
2023	$4,597,361	$4,781,090	$1,619,850	$-183,729
2022	$4,729,678	$5,235,555	$1,318,307	$-505,877
2021	$3,857,816	$3,844,379	$1,110,827	$13,437
2020	$2,068,691	$2,003,742	$692,488	$64,949
2019	$1,104,389	$1,229,942	$204,301	$-125,553
2018	$1,582,853	$1,487,550	$329,079	$95,303