I Love My Island Inc (EIN 465191767) - 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

2014

Legal Domicile

Principal Officer

Lou Colombo

Phone

3215362227

Tax Period

2023-01-01 to 2023-12-31

I Love My Island Inc, founded in 2014, is a small nonprofit in the Human Services sector that reported $677K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

To assist the community and support local events and individuals in need.

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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 $14,164

Program Service Revenue $0

Investment Income $2,647

Other Revenue $659,957

TOTAL REVENUE $676,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,732

Fundraising Expenses $0

Program Expenses $695,165

Other Expenses $294,515

TOTAL EXPENSES $695,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$676,768	$584,158	+0.2%
Expenses	$695,165	$585,065	+0.2%
Net Income	$-18,397	$-907	+19.3%

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

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

$86,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lou Colombo	President	6.00	Officer	$49,000	$0	$49,000
Julie Colombo	Vice President	6.00	Officer	$12,900	$0	$12,900
Carolyn Pincheck	Treasurer	6.00	Officer	$24,700	$0	$24,700
Denise Moore	Secretary	2.00	Officer	$0	$0	$0
Courtney Kellem	Board Member	2.00	Officer	$0	$0	$0
Dominick Damico	Board Member	2.00	Officer	$0	$0	$0
Tina Hermann	Board Member	2.00	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	No data	No data	No data	No data
2023	$676,768	$695,165	$175,555	$-18,397
2022	$584,158	$585,065	$193,391	$-907
2021	$545,115	$556,410	$177,953	$-11,295
2020	$500,909	$444,292	$188,861	$56,617
2019	$439,068	$411,257	$59,427	$27,811
2018	$401,342	$385,625	$41,899	$15,717

I Love My Island Inc