INTERNATIONAL WORKERS' COMPENSATION FOUNDATION INC

EIN: 351737364 501(c)(3) Employment

ORMOND BEACH, FL

Total Revenue
$1,327,802
Total Expenses
$1,637,417
Total Assets
$2,957,977
Net Assets
$2,737,507
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
FL
Phone
3866770041
Tax Period
2024-07-01 to 2025-06-30

INTERNATIONAL WORKERS' COMPENSATION FOUNDATION INC, founded in 1988, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 23% operating deficit.

Mission

CONTINUING PROFESSIONAL EDUCATION THE FOUNDATION SPONSORS WORKERS COMPENSATION EDUCATIONAL CONFERENCES AND PROMOTES DIALOGUE AMONG, AND OUTREACH TO, PARTICIPANTS IN THE WORKERS COMPENSATION 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,230,721
Investment Income $88,007
Other Revenue $9,074
TOTAL REVENUE $1,327,802

Expense Breakdown

Grants Paid $77,923
Salaries & Benefits $269,512
Fundraising Expenses $0
Program Expenses $1,204,084
Other Expenses $1,289,982
TOTAL EXPENSES $1,637,417

Year-over-Year Comparison

2024 2023 Change
Revenue $1,327,802 $1,549,414 -0.1%
Expenses $1,637,417 $1,917,154 -0.1%
Net Income $-309,615 $-367,740 -0.2%
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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Governance

Voting Members
7
Independent Members
7
Employees
2
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
2
$195,000
Total Directors
8
$195,000
Key Employees
1
$195,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE Q MORIN PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIC J OXFELD SECRETARY/TREASURER 40.00
Officer Director Key Emp Highest
$195,000 $0 $195,000
CHRISTINE BAKER TRUSTEE 0.50
Director
$0 $0 $0
ALLYN C TATUM TRUSTEE 0.50
Director
$0 $0 $0
BRUCE C WOOD TRUSTEE 0.50
Director
$0 $0 $0
SEAN MCNALLY TRUSTEE 0.50
Director
$0 $0 $0
ROB FERRIERI TRUSTEE 0.50
Director
$0 $0 $0
WES MARSHALL TRUSTEE 0.50
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
2025 $1,327,802 $1,637,417 $2,957,977 $-309,615
2024 $1,549,414 $1,917,154 $3,093,609 $-367,740
2023 $1,401,930 $1,532,603 $3,880,296 $-130,673
2022 $897,418 $1,309,234 $3,988,404 $-411,816
2021 $584,046 $512,246 $3,991,097 $71,800
2020 $962,767 $1,268,173 $3,905,461 $-305,406
2019 $1,908,824 $1,848,300 $4,631,843 $60,524
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