IFA FOUNDATION (EIN 363655118) - 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

2017

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

IFA FOUNDATION, founded in 2017, is a small nonprofit that reported $207K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $124K, a strong 60% operating margin.

Mission

The Ifa Foundation international through its Ola Olu Garden ,Spiritual Retreats Workshop Books and Website provide education and service facilities to educate the public regarding the importance and benefits of the ancient philosophy of Ifa.

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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 $0

Program Service Revenue $206,780

Investment Income $0

Other Revenue $0

TOTAL REVENUE $206,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,000

Fundraising Expenses $0

Program Expenses $22,955

Other Expenses $55,614

TOTAL EXPENSES $82,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,780	$274,885	-0.2%
Expenses	$82,614	$336,403	-0.8%
Net Income	$124,166	$-61,518	-3.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vassa Neimark	President CEO	30.00	Officer	$0	$0	$0
Tanya Hussain	Board Member	5.00	Officer	$0	$0	$0
Gleen Marion Lake	Board Member	2.00	Officer	$0	$0	$0
John Stafford	Board Member	2.00	Officer	$0	$0	$0
Julio Perez-Vega	CFO	30.00	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	$206,780	$82,614	$477,890	$124,166
2022	$164,989	$258,654	$676,790	$-93,665
2021	$274,885	$336,403	$776,455	$-61,518
2020	$229,372	$220,279	$890,588	$9,093
2019	$207,100	$219,100	$881,495	$-12,000
2018	$215,800	$232,500	$893,495	$-16,700

IFA FOUNDATION