IFE Foundation (EIN 453819689) - 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

Jason Bule

Phone

7202882828

Tax Period

2023-01-01 to 2023-12-31

IFE Foundation, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $594K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 233% operating deficit.

Mission

To further charitable purposes by charitable grant making; provided that all such grants shall be made to organizations or entities exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code.

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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 $0

Investment Income $-12,969

Other Revenue $606,571

TOTAL REVENUE $593,602

Expense Breakdown

Grants Paid $1,945,548

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,959,562

Other Expenses $33,510

TOTAL EXPENSES $1,979,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$593,602	$1,516,383	-0.6%
Expenses	$1,979,058	$1,777,208	+0.1%
Net Income	$-1,385,456	$-260,825	+4.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ted Esler	Director	7.00	Director	$0	$0	$0
Jason Bule	President	11.00	Officer Director	$0	$0	$0
Bill Leick	Director	6.00	Director	$0	$0	$0
Nathan Lutz	Director	9.00	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	$593,602	$1,979,058	$35,242,430	$-1,385,456
2022	$1,516,383	$1,777,208	$30,719,135	$-260,825
2021	$3,012,688	$2,703,198	$38,312,987	$309,490
2020	$-2,308,051	$1,377,001	$36,842,756	$-3,685,052
2019	$14,271,515	$1,681,074	$40,619,828	$12,590,441
2018	$987,131	$2,923,844	$23,098,299	$-1,936,713

IFE Foundation