IRON MIKE FOUNDATION C/O THRIVE CH… - Form 990 Financial Data

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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

ANDRE ROCHA

Phone

6095863705

Tax Period

2024-07-01 to 2025-06-30

IRON MIKE FOUNDATION C/O THRIVE CHARTER SCHOOL, founded in 2011, is a small nonprofit in the Education sector that reported $137K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $131K left a modest 4% surplus.

Mission

PROMOTE QUALITY EDUCATION AT SCHOOLS IN THE TRENTON AREA BY PROVIDING FINANCIAL ASSISTANCE FOR STUDENTS IN NEED, FUNDING FOR CAPITAL IMPROVEMENTS, AND THE ONGOING IMPLEMENTATION OF CONTEMPORARY CURRICULUM AND EDUCATION RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $130,435

PROVIDE FINANCIAL ASSISTANCE FOR STUDENTS IN NEED AND FUNDING FOR OPERATIONS AND CAPITAL IMPROVEMENTS AT SCHOOLS IN THE TRENTON AREA.

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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 $135,924

Program Service Revenue $0

Investment Income $817

Other Revenue $0

TOTAL REVENUE $136,741

Expense Breakdown

Grants Paid $130,435

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,435

Other Expenses $523

TOTAL EXPENSES $130,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,741	$88,624	+0.5%
Expenses	$130,958	$88,400	+0.5%
Net Income	$5,783	$224	+24.8%

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
TRACEY DESTRIBATS	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM CHRNELICH	TREASURER	2.00	Officer Director	$0	$0	$0
NINA MELKER	TRUSTEE	1.00	Director	$0	$0	$0
MARTIN TUCHMAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
DENISE VIOLA	TRUSTEE	1.00	Director	$0	$0	$0
VINCENT R CUIULE	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD DIETZLER	TRUSTEE	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
2025	$136,741	$130,958	$10,297	$5,783
2024	$88,624	$88,400	$6,159	$224
2023	$171,205	$361,050	$5,854	$-189,845
2022	$171,169	$329,976	$183,256	$-158,807
2021	$431,158	$166,664	$365,979	$264,494
2020	$105,741	$1,214,683	$999,595	$-1,108,942
2019	$87,190	$1,215,915	$1,824,526	$-1,128,725
2018	$2,342,275	$806,340	$3,026,661	$1,535,935

IRON MIKE FOUNDATION C/O THRIVE CHARTER SCHOOL