CENTER FOR INTERNATIONAL VIRTUAL S… - Form 990 Financial Data

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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

2009

Principal Officer

EUNHEE JUNG

Tax Period

2024-01-01 to 2024-12-31

CENTER FOR INTERNATIONAL VIRTUAL SCHOOLING, founded in 2009, is a micro nonprofit in the Education sector that reported $30K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 219% operating deficit.

Mission

IVECA is a US-based non-profit organization affiliated with the UN, promoting intercultural understanding through virtual classroom exchanges worldwide. Its mission is to foster global citizenship and peace through its flagship program, IVECA, facilitating cultural dialogue and cooperation among students.

Program Service Accomplishments

Program 1

IVECA is a US-based non-profit organization affiliated with the UN, promoting intercultural understanding through virtual classroom exchanges worldwide. Its mission is to foster global citizenship...

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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 $7,610

Program Service Revenue $22,210

Investment Income $0

Other Revenue $0

TOTAL REVENUE $29,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,988

Fundraising Expenses $0

Other Expenses $15,002

TOTAL EXPENSES $94,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,820	$216,052	-0.9%
Expenses	$94,990	$155,463	-0.4%
Net Income	$-65,170	$60,589	-2.1%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUNHEE JUNG	PRESIDENT	080.00	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
2024	$29,820	$94,990	No data	$-65,170
2023	$216,052	$155,463	$60,589	$60,589

CENTER FOR INTERNATIONAL VIRTUAL SCHOOLING