IRCS CENTER FOR ECONOMIC OPPORTUNITY INC

EIN: 453686069 501(c)(3) Human Services

San Diego, CA

Total Revenue
$6,038,537
Total Expenses
$6,995,733
Total Assets
$28,193,836
Net Assets
$11,621,505
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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
NY
Principal Officer
Ariana Miller
Tax Period
2023-10-01 to 2024-09-30

IRCS CENTER FOR ECONOMIC OPPORTUNITY INC, founded in 2011, is a community nonprofit in the Human Services sector that reported $6.0M in total revenue in fiscal year 2023. Expenses of $7.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

To unlock access to credit to help create a fair financial system where low-income people can realize their potential to build better lives and communities prosper.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,256,729
Program Service Revenue $1,726,248
Investment Income $55,560
Other Revenue $0
TOTAL REVENUE $6,038,537

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,660,025
Fundraising Expenses $335,438
Program Expenses $6,298,800
Other Expenses $5,335,708
TOTAL EXPENSES $6,995,733

Year-over-Year Comparison

2023 2022 Change
Revenue $6,038,537 $6,039,414 0.0%
Expenses $6,995,733 $1,353,615 +4.2%
Net Income $-957,196 $4,685,799 -1.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
3
Employees
15
Volunteers
23

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
3
$587,523
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Johannes Van de Weerd Board President 37.50
Officer
$340,523 $0 $340,523
Ellen Beattie Board Tresurer 37.50
Officer
$247,000 $0 $247,000
Kasra Movahedi Executive Director 37.50
$149,618 $0 $149,618
Megan Hershiser Assoc Dir Corporate Partne 37.50
Highest
$115,038 $0 $115,038
Gokcen Topbas Director Credit Strategy 37.50
Highest
$107,210 $0 $107,210
Senad Voloder Dep Dir Origination & Serv 37.50
Highest
$100,237 $0 $100,237
Mary Grace Ner Dep Dir Finance & Administ 37.50
Highest
$95,635 $0 $95,635
Zachary Bezold Dep Dir Learning & Innovat 37.50
Highest
$92,438 $0 $92,438
Ariana Miller Executive Director 37.50
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 $6,038,537 $6,995,733 $28,193,836 $-957,196
2023 $6,039,414 $1,353,615 $18,295,231 $4,685,799
2022 $5,658,628 $2,595,090 $12,149,016 $3,063,538
2021 $2,766,527 $1,223,774 $7,099,311 $1,542,753
2020 $2,067,458 $1,474,052 $4,141,887 $593,406
2019 $1,704,615 $484,928 $2,966,330 $1,219,687
2018 $627,387 $310,475 $1,666,953 $316,912
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