IFB Solutions Foundation Inc (EIN 263376328) - 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

2008

Legal Domicile

Phone

3367590551

Tax Period

2023-10-01 to 2024-09-30

IFB Solutions Foundation Inc, founded in 2008, is a micro nonprofit that reported $8K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 815% operating deficit.

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE PURPOSES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF WINSTON-SALEM INDUSTRIES FOR THE BLIND, INC., A 501(C)(3) ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $8,014

Other Revenue $0

TOTAL REVENUE $8,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $73,347

TOTAL EXPENSES $73,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,014	$125,294	-0.9%
Expenses	$73,347	$126,634	-0.4%
Net Income	$-65,333	$-1,340	+47.8%

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

$732,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Googe	Chair	1.0	Officer Director	$0	$0	$0
John Rowland	Vice Chair	1.0	Officer Director	$0	$0	$0
Mark Doughton	Secretary	1.0	Officer Director	$0	$0	$0
Jeff Clark	Director	1.0	Director	$0	$0	$0
Wayne Morgan	Director	1.0	Director	$0	$0	$0
Daniel Kelly	CEO/President	1.0	Officer	$0	$69,217	$515,750
Jason Moser	CFO, Treasurer	1.0	Officer	$0	$14,112	$216,519

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	$8,014	$73,347	No data	$-65,333
2023	$125,294	$126,634	$161,423	$-1,340
2022	$49,761	$87,557	$9,971,532	$-37,796
2021	$293,441	$86,708	$10,117,523	$206,733
2020	$276,639	$1,074,369	$10,058,504	$-797,730
2019	$293,302	$98,653	$10,576,715	$194,649

IFB Solutions Foundation Inc