THE IF FOUNDATION INC (EIN 463176588) - 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

2013

Legal Domicile

Principal Officer

THOMAS IOVINO

Phone

6468136430

Tax Period

2023-01-01 to 2023-12-31

THE IF FOUNDATION INC, founded in 2013, is a small nonprofit in the International Affairs sector that reported $242K in total revenue in fiscal year 2023. Expenses of $277K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE IF FOUNDATION SEEKS TO IMPROVE AND ENABLE THE HEALTH AND WELL-BEING OF FAMILIES LIVING IN THE FARMING REGIONS OF THE NORTH DEPARTMENT OF HAITI THROUGH THE DEVELOPMENT AND SUPPORT OF SUSTAINABLE SOLUTIONS AIMED AT POVERTY ALLEVIATION, EDUCATION AND ECONOMIC DEVELOPMENT. THE IF FOUNDATION WILL FOCUS ITS RESOURCES ON REDUCING FOOD INSECURITY FOR FAMILIES THROUGH AGRICULTURAL DEVELOPMENT; NOURISHMENT OF CHILDREN AND THE PROMOTION AND EDUCATION OF HEALTHY LIFESTYLES. THE FOUNDATION WILL IMPLEMENT ITS INTERVENTIONS IN PARTNERSHIP WITH THE COMMUNITY AND INVEST IN BUILDING LOCAL CAPACITY AND THE EVALUATION OF ALL ITS ACTIVITIES.

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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 $189,811

Program Service Revenue $0

Investment Income $52,287

Other Revenue $0

TOTAL REVENUE $242,098

Expense Breakdown

Grants Paid $255,830

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $255,830

Other Expenses $21,231

TOTAL EXPENSES $277,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$242,098	$245,899	0.0%
Expenses	$277,061	$307,099	-0.1%
Net Income	$-34,963	$-61,200	-0.4%

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
THOMAS IOVINO	FOUNDER AND PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL IOVINO	BOARD MEMBER	1.00	Director	$0	$0	$0
JARED SOLOMON	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN APGAR	BOARD MEMBER	1.00	Director	$0	$0	$0
KURT SCHWARTZ	BOARD MEMBER	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	$242,098	$277,061	$2,656,461	$-34,963
2022	$245,899	$307,099	$2,340,059	$-61,200
2021	$249,989	$280,157	$2,934,752	$-30,168
2020	$246,524	$289,927	$2,796,752	$-43,403
2019	$351,730	$2,154,776	$2,577,203	$-1,803,046
2018	$981,993	$1,074,056	$3,985,913	$-92,063

THE IF FOUNDATION INC