IRIE FOUNDATION INC (EIN 452432384) - 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

2011

Legal Domicile

Principal Officer

IAN GROCHER

Phone

9548060423

Tax Period

2023-01-01 to 2023-12-31

IRIE FOUNDATION INC, founded in 2011, is a small nonprofit in the Education sector that reported $326K in total revenue in fiscal year 2023. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 45% operating margin.

Mission

THE IRIE FOUNDATION SEEKS TO EMPOWER SOUTH FLORIDA'S AT-RISK YOUTH TO LEAD PRODUCTIVE LIVES THROUGH MENTORSHIP PROGRAMS, CULTURAL EXPERIENCES AND SCHOLARSHIP OPPORTUNITIES

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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 $463,188

Program Service Revenue $0

Investment Income $0

Other Revenue $-137,683

TOTAL REVENUE $325,505

Expense Breakdown

Grants Paid $38,268

Salaries & Benefits $0

Fundraising Expenses $42,000

Program Expenses $90,099

Other Expenses $139,310

TOTAL EXPENSES $177,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$325,505	$134,098	+1.4%
Expenses	$177,578	$132,062	+0.3%
Net Income	$147,927	$2,036	+71.7%

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

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
PETER GOLD	DIRECTOR	1.00	Director	$0	$0	$0
FELICIA QUANING	DIRECTOR	1.00	Director	$0	$0	$0
IAN GROCHER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD KELLY	DIRECTOR	1.00	Director	$0	$0	$0
BARRY KATES	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$325,505	$177,578	$648,432	$147,927

IRIE FOUNDATION INC