IFF (EIN 363656836) - 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

Joe Neri

Phone

3126290060

Tax Period

2024-01-01 to 2024-12-31

IFF, founded in 1988, is a major nonprofit in the Community Improvement sector that reported $134.6M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61.6M, a strong 46% operating margin.

Mission

IFF leverages knowledge, capital, and resources to advance equitable and transformational outcomes in under-resourced communities, guided by our commitment to be an inclusive, anti-racist and anti-oppressive institution that honors communities as asset-rich and as experts in their own stories.

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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 $86,680,276

Program Service Revenue $45,025,022

Investment Income $2,899,585

Other Revenue $0

TOTAL REVENUE $134,604,883

Expense Breakdown

Grants Paid $18,813,493

Salaries & Benefits $20,188,362

Fundraising Expenses $482,215

Program Expenses $69,568,815

Other Expenses $33,999,153

TOTAL EXPENSES $73,001,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,604,883	$102,836,770	+0.3%
Expenses	$73,001,008	$96,465,275	-0.2%
Net Income	$61,603,875	$6,371,495	+8.7%

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

182

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

$1,382,651

Total Directors

$396,960

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Neri	CEO	40.00	Officer Director	$377,300	$19,660	$396,960
Cheryl Wilson	Board Chair (until 12/31/24)	1.00	Officer Director	$0	$0	$0
Sakura Takano	Board Chair	1.00	Officer Director	$0	$0	$0
Monique Jones	Vice Chair	1.00	Officer Director	$0	$0	$0
John Sassaris	Treasurer/Secretary	1.00	Officer Director	$0	$0	$0
George Burciaga	Board Member	1.00	Director	$0	$0	$0
Hamilton Chang	Board Member	1.00	Director	$0	$0	$0
Evelyn Diaz	Board Member (until 12/31/24)	1.00	Director	$0	$0	$0
Sidney Dillard	Board Member (until 12/31/24)	1.00	Director	$0	$0	$0
James Due	Board Member	1.00	Director	$0	$0	$0
Derrick Johnson	Board Member	1.00	Director	$0	$0	$0
Rodney Jones-Tyson	Board Member (until 12/31/24)	1.00	Director	$0	$0	$0
Jason Mercer	Board Member	1.00	Director	$0	$0	$0
Emmet Pierson	Board Member	1.00	Director	$0	$0	$0
Angela Reyes	Board Member	1.00	Director	$0	$0	$0
Greg Robinson	Board Member	1.00	Director	$0	$0	$0
Aaron Seybert	Board Member	1.00	Director	$0	$0	$0
Kirby Burkholder	President, Core Business Solutions	39.00	Officer	$337,234	$28,336	$365,570
Suza Leao-Reuter	CFO & Assistant Secy. (until 3/1/24)	39.00	Officer	$50,622	$12,684	$63,306
Lloyd Shields Acting CFO	Assistant Secretary (until 9/10/24)	40.00	Officer	$88,025	$0	$88,025
Rodrigo Vela	CFO & Assistant Secretary	40.00	Officer	$160,253	$13,552	$173,805
Tara Townsend	President, Social Impact Accelerator	40.00	Officer	$260,904	$34,081	$294,985
Jose Cerda III	Chief of Staff	40.00	Highest	$240,613	$28,969	$269,582
Dana Lieberman	SVP Cap. Sol., Chief Lending Officer	40.00	Highest	$233,284	$17,510	$250,794
Victoria Lakes-Battle	Exec. Director - Chicago Region	40.00	Highest	$220,111	$15,782	$235,893
Michael Goldberg	SVP Real Estate Solutions	40.00	Highest	$205,676	$12,273	$217,949
Terrence Young	Chief Credit Officer & SVP Cap. Sol.	40.00	Highest	$203,107	$12,072	$215,179

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	$134,604,883	$73,001,008	$779,493,171	$61,603,875
2023	$102,836,770	$96,465,275	$689,365,712	$6,371,495
2022	$64,193,835	$60,208,929	$568,632,430	$3,984,906
2021	$81,768,477	$60,965,605	$571,089,169	$20,802,872
2020	$66,930,783	$48,794,353	$515,692,324	$18,136,430
2019	$42,753,567	$40,041,254	$492,576,736	$2,712,313
2018	$43,463,005	$36,721,552	$463,520,249	$6,741,453

IFF