Ibis Charities Foundation Inc (EIN 460639640) - 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

2012

Legal Domicile

Principal Officer

John M Harris

Phone

3162593562

Tax Period

2024-07-01 to 2025-06-30

Ibis Charities Foundation Inc, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $526K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

Ibis Charities Foundation grants financial support to nonprofits providing various services to residents of Palm Beach County

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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 $401,031

Program Service Revenue $0

Investment Income $8,781

Other Revenue $116,433

TOTAL REVENUE $526,245

Expense Breakdown

Grants Paid $530,775

Salaries & Benefits $0

Fundraising Expenses $17,656

Program Expenses $530,775

Other Expenses $31,455

TOTAL EXPENSES $562,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$526,245	$556,489	-0.1%
Expenses	$562,230	$695,167	-0.2%
Net Income	$-35,985	$-138,678	-0.7%

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

100

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
JOHN M HARRIS	PresidentTreasurer	20.00	Officer Director	$0	$0	$0
WILLIAM S SEELEY	Vice PresidentSecy	5.00	Officer Director	$0	$0	$0
CHERYL B LICHTENBERG	Director	10.00	Director	$0	$0	$0
MASON HARRIS	Director	5.00	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	$526,245	$562,230	$204,442	$-35,985
2024	$556,489	$695,167	$223,709	$-138,678
2023	$503,356	$477,336	$371,999	$26,020
2022	$480,562	$424,806	$358,709	$55,756
2021	$282,641	$239,435	$290,016	$43,206
2021	$282,641	$239,435	$290,016	$43,206
2020	$486,291	$309,002	$223,410	$177,289
2019	$328,435	$331,758	$33,714	$-3,323
2018	$295,263	$287,078	$37,200	$8,185

Ibis Charities Foundation Inc