IDA COMMUNITY DEVELOPMENT CORP INC (EIN 251757763) - 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

Legal Domicile

Principal Officer

HOWARD ERMIN JR

Phone

8149449466

Tax Period

2024-01-01 to 2024-12-31

IDA COMMUNITY DEVELOPMENT CORP INC is a micro nonprofit in the Housing & Shelter sector that reported $28 in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 26329% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING

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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 $0

Investment Income $28

Other Revenue $0

TOTAL REVENUE $28

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,350

Other Expenses $7,400

TOTAL EXPENSES $7,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28	$59,216	-1.0%
Expenses	$7,400	$3,854	+0.9%
Net Income	$-7,372	$55,362	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
HOWARD ERMIN JR	PRESIDENT	Officer	$0	$0	$0
KATHRYN A RUTTER	VICE PRESIDENT	Officer	$0	$0	$0
WILLIAM RITENOUR	SECRETARY	Officer	$0	$0	$0
REV ELI A HESS	ASST. SECRETARY	Officer	$0	$0	$0
DENNIS WISOR	TREASURER	Officer	$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	$28	$7,400	$160,586	$-7,372
2023	$59,216	$3,854	$168,156	$55,362
2022	$8	$3,875	$112,745	$-3,867
2021	$5	$3,646	$117,738	$-3,641
2020	No data	$3,569	$121,304	No data
2019	$279,000	$282,643	$224,461	$-3,643
2018	No data	$3,752	$126,866	No data

IDA COMMUNITY DEVELOPMENT CORP INC