ICAN INC (EIN 341575839) - 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

1988

Legal Domicile

Principal Officer

JULIE SPARKS

Phone

3304559100

Tax Period

2024-07-01 to 2025-06-30

ICAN INC, founded in 1988, is a community nonprofit in the Unknown sector that reported $4.1M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO IMPROVE LIVES AND CONNECT WITH THE COMMUNITY.

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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 $2,906,175

Program Service Revenue $1,177,313

Investment Income $21,847

Other Revenue $0

TOTAL REVENUE $4,105,335

Expense Breakdown

Grants Paid $853,491

Salaries & Benefits $1,599,961

Fundraising Expenses $60,406

Program Expenses $3,562,545

Other Expenses $1,536,297

TOTAL EXPENSES $3,989,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,105,335	$3,949,648	+0.0%
Expenses	$3,989,749	$3,940,130	+0.0%
Net Income	$115,586	$9,518	+11.1%

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

Employees

Volunteers

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

$199,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE HALACHOFF-FRYE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DR CRYSTAL BRODZENSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
JERIC WHITTAKER	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT LUNG	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES SANDERS	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN HALL	DIRECTOR	2.00	Director	$0	$0	$0
MILES HOOVER	DIRECTOR	2.00	Director	$0	$0	$0
GERALD MILLER	DIRECTOR	2.00	Director	$0	$0	$0
GRETE HEATHERLY	DIRECTOR	2.00	Director	$0	$0	$0
DORIAN CHENAULT	DIRECTOR	2.00	Director	$0	$0	$0
NATE COOKS	DIRECTOR	2.00	Director	$0	$0	$0
CHUCK MARSH	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH SNELL	DIRECTOR	2.00	Director	$0	$0	$0
SARA GIDLEY	DIRECTOR	2.00	Director	$0	$0	$0
JULIE SPARKS	EXECUTIVE DIRECTOR	40.00	Officer	$93,801	$13,109	$106,910
LAURA WEISGARBER	FINANCE DIRECTOR	40.00	Officer	$79,845	$12,308	$92,153

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
2025	$4,105,335	$3,989,749	$9,284,877	$115,586
2024	$3,949,648	$3,940,130	$9,278,678	$9,518
2023	$4,193,695	$4,020,748	$8,644,490	$172,947
2022	$4,416,235	$4,098,882	$8,692,652	$317,353
2021	$4,312,244	$3,698,106	$8,192,664	$614,138
2020	$3,602,260	$3,346,957	$8,411,410	$255,303
2019	$2,928,033	$3,114,453	$7,556,743	$-186,420
2018	$3,695,624	$3,148,304	$6,432,519	$547,320

ICAN INC