IGBANS INSTITUTE OF VOCATIONAL TRAINING

EIN: 271952078 501(c)(3) Education

Springfield Gardens, NY

Total Revenue
$290,167
Total Expenses
$324,102
Total Assets
$1,014,665
Net Assets
$439,089
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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
2012
Legal Domicile
NY
Principal Officer
UZODINMA U IGBANUGO
Tax Period
2023-01-01 to 2023-12-31

IGBANS INSTITUTE OF VOCATIONAL TRAINING, founded in 2012, is a small nonprofit in the Education sector that reported $290K in total revenue in fiscal year 2023. Expenses of $324K exceeded revenue, resulting in a 12% operating deficit.

Mission

Primary purpose is to train and empower the community to achieve economy freedom

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $290,167
Investment Income $0
Other Revenue $0
TOTAL REVENUE $290,167

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,142
Fundraising Expenses $0
Program Expenses $324,102
Other Expenses $213,960
TOTAL EXPENSES $324,102

Year-over-Year Comparison

2023 2022 Change
Revenue $290,167 $290,167 N/A
Expenses $324,102 $324,102 N/A
Net Income $-33,935 $-33,935 N/A
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

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Governance

Voting Members
3
Independent Members
1
Employees
3
Volunteers
3

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
UZODINMA U IGBANUGO DIRECTOR 10.00
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 No data No data No data No data
2023 $290,167 $324,102 $1,014,665 $-33,935
2022 $597,184 $502,986 $1,137,214 $94,198
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