ITRACE FOUNDATION INC

EIN: 263889327 501(c)(3)

PLANTATION, FL

Total Revenue
$123,738
Total Expenses
$184,277
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
FL
Principal Officer
MICHELE SLANE
Phone
8547278191
Tax Period
2018-01-01 to 2018-12-31

ITRACE FOUNDATION INC, founded in 2009, is a small nonprofit that reported $124K in total revenue in fiscal year 2018. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $184K exceeded revenue, resulting in a 49% operating deficit.

Mission

OUR GOAL IS TO CONDUCT RESEARCH TO IMPROVE QUALITY OF LIFE THROUGH IDENTIFYING HEALTHY LIFESTYLE CHOICES, PROFESSIONAL DEVELOPMENT PRACTICES AND TO PUBLICIZE THIS INFORMATION THROUGH COMMUNITY BASED WELLNESS EVENTS AND PROFESSIONAL PUBLICATIONS AND PRESENTATIONS.

Program Service Accomplishments

Program 1
Expenses: $100,160 Revenue: $101,226

RESEARCH STUDIES-PROMOTES HEALTHY LIVING BY ACTIVELY ENGAGING IN OUTCOMES-BASED RESEARCH, EDUCATING TARGETED POPULATIONS TO MANAGE THEIR OWN HEALTH THROUGH A SERIES OF PREVENTIVE, INCREMENTAL AND...

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RESEARCH STUDIES-PROMOTES HEALTHY LIVING BY ACTIVELY ENGAGING IN OUTCOMES-BASED RESEARCH, EDUCATING TARGETED POPULATIONS TO MANAGE THEIR OWN HEALTH THROUGH A SERIES OF PREVENTIVE, INCREMENTAL AND SUSTAINABLE MEASURES. THIS INFORMATION BENEFITS OUR TOTAL POPULACE AS WELL AS AIDING IN THE WORK OF HEALTHCARE ORGANIZATIONS.AMONG OUR CURRENT RESEARCH PROJECTS IS CULTURAL COMPETENCE AMONG PROFESSIONAL FOREIGN EDUCATED PHYSICAL THERAPISTS BY WHICH WE ASSESS THE CURRENT LEVEL OF CULTURAL COMPETENCE AMONG FEPT TO IMPROVE PATIENT-CENTERED CARE. FINDINGS FROM THIS STUDY MAY ASSIST FEPTS AND THE CLINICAL MANAGEMENT THAT EMPLOY THEM TO ADDRESS POTENTIAL AREAS THAT REQUIRE FURTHER REINFORCEMENT THROUGH CULTURAL COMPETENCE EDUCATION THEREBY IMPROVING PATIENT CARE.OTHER STUDIES ALSO INITIATED INCLUDE: EXAMINING FITNESS, AGILITY, PHYSICAL ACTIVITY AND THE HOME ENVIRONMENT AMONG HIGH SCHOOL STUDENTS AND ENABLING PRE-SCHOOL PHYSICAL ACTIVITY.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $28,541
Program Service Revenue $101,226
Investment Income $-6,029
Other Revenue $0
TOTAL REVENUE $123,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $115,124
Fundraising Expenses $18,922
Program Expenses $100,160
Other Expenses $69,153
TOTAL EXPENSES $184,277

Year-over-Year Comparison

2018 2017 Change
Revenue $123,738 $202,347 -0.4%
Expenses $184,277 $233,717 -0.2%
Net Income $-60,539 $-31,370 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
25
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
5
$34,722
Total Directors
6
$18,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE SLANE PRES/DIRECTOR 5.00
Officer Director
$3,000 $0 $3,000
JAY PEREZ VICE PRES/DIRECTOR 5.00
Officer Director
$3,000 $0 $3,000
ERIC EDWARDS TREASURER/DIRECTOR 5.00
Officer Director
$3,000 $0 $3,000
DAVID EDDY SECRETARY/DIRECTOR 5.00
Officer Director
$3,000 $0 $3,000
JORDAN KIRBY DIRECTOR 5.00
Director
$3,000 $0 $3,000
MICHELE RAYA DIRECTOR 5.00
Director
$3,000 $0 $3,000
TRANG GONZALEZ EXECUTIVE DIRECTOR 35.00
Officer
$22,722 $0 $22,722
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
2018 $123,738 $184,277 No data $-60,539
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