IVY ENDOWMENT INC

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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

1979

Legal Domicile

Principal Officer

Carmen K Jones

Phone

3174994652

Tax Period

2023-01-01 to 2023-12-31

IVY ENDOWMENT INC, founded in 1979, is a small nonprofit in the Education sector that reported $357K in total revenue in fiscal year 2023. Revenue surged 160% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 20% operating margin.

Mission

To support youth and communities in Central Indiana through granting of scholarships and by providing programs that serve to improve their quality of life.

Program Service Accomplishments

Program 1

Expenses: $280,742

The Debutante Cotillion and scholarship program was developed to equip, encourage and stimulate young ladies to pursue higher education, excellence, personal development and civil involvement...

The Debutante Cotillion and scholarship program was developed to equip, encourage and stimulate young ladies to pursue higher education, excellence, personal development and civil involvement. Participants are awarded scholarships upon completion of the program. Sholarships were awarded to deserving young ladies to attend or continue pursuing their educations.

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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 $23,219

Program Service Revenue $332,089

Investment Income $2,117

Other Revenue $0

TOTAL REVENUE $357,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $47

Program Expenses $280,742

Other Expenses $287,148

TOTAL EXPENSES $287,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,425	$137,639	+1.6%
Expenses	$287,148	$107,481	+1.7%
Net Income	$70,277	$30,158	+1.3%

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

425

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
Katasha Butler	President	002.00	Officer Director	$0	$0	$0
Carmen Jones	Treasurer	002.00	Officer Director	$0	$0	$0
Nichole Wilson	2nd Vice President	001.00	Director	$0	$0	$0
Kimberly Morgan	Parliamentarian	002.00	Officer	$0	$0	$0
Jarnell Burks Craig	Secretary	002.00	Officer	$0	$0	$0
Angela Whitney	Financial Secretary	002.00	Officer	$0	$0	$0
Marie Rahman	Historian	001.00	Officer	$0	$0	$0
Dorothy Crenshaw	Chaplain	001.00	Officer	$0	$0	$0
Dawn Hughes	Treasurer	001.00	Officer	$0	$0	$0
Neva Martin	Assistant Secretary	001.00	Officer	$0	$0	$0
Charlotte Talley	Historian	001.00	Officer	$0	$0	$0
W Diane Cargile	1st Vice President	001.00	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	$357,425	$287,148	$639,920	$70,277
2022	$137,639	$107,481	$569,643	$30,158
2021	$336,947	$508,881	$666,948	$-171,934
2020	$352,850	$288,433	$878,624	$64,417
2019	$423,807	$317,753	$798,983	$106,054