ICAFUND (EIN 470898054) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

ALLISON KELLY

Phone

5102710142

Tax Period

2023-01-01 to 2023-12-31

ICAFUND, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $5.5M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $5.0M left a modest 9% surplus.

Mission

PROVIDE COACHING, CONNECTIONS, AND CAPITAL TO GROW SAN FRANCISCO BAY AREA BUSINESSES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,222,984

Program Service Revenue $231,794

Investment Income $316

Other Revenue $25,760

TOTAL REVENUE $5,480,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,253,655

Fundraising Expenses $734,142

Program Expenses $3,956,356

Other Expenses $1,740,216

TOTAL EXPENSES $4,993,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,480,854	$6,663,281	-0.2%
Expenses	$4,993,871	$4,401,992	+0.1%
Net Income	$486,983	$2,261,289	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$1,077,755

Total Directors

Key Employees

$172,194

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK RUSSI	CO-CHAIR	2.00	Officer Director	$0	$0	$0
JIM HARRIS	CO-CHAIR, INVESTMENT COMMITTEE CHAIR	2.00	Officer Director	$0	$0	$0
JIM KING	DEVELOPMENT COMMITTEE CHAIR	2.00	Officer Director	$0	$0	$0
DENNIS GREEN	AUDIT COMMITTEE CHAIR	2.00	Officer Director	$0	$0	$0
WILBUR HOBBS	TREASURER, FINANCE COMMITTEE CHAIR	2.00	Officer Director	$0	$0	$0
JUSTINA LAI	BOARD MEMBER	2.00	Director	$0	$0	$0
AL DE ALMEIDA	BOARD MEMBER	2.00	Director	$0	$0	$0
SEAN DANIEL MURPHY	BOARD MEMBER	2.00	Director	$0	$0	$0
DON REINKE	BOARD MEMBER	2.00	Director	$0	$0	$0
MONA MASRI	BOARD MEMBER	2.00	Director	$0	$0	$0
SAHRA HALPERN	BOARD MEMBER	2.00	Director	$0	$0	$0
PENINA GOODMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
NICOLE AUYANG	BOARD MEMBER	2.00	Director	$0	$0	$0
CONCHITA TUCKER	BOARD MEMBER	2.00	Director	$0	$0	$0
ALLISON KELLY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$297,486	$36,338	$333,824
DIANNA TREMBLAY	CHIEF PROGRAM & STR INIT OFFICER	40.00	Officer	$218,855	$23,901	$242,756
JOHN GOUGH	CHIEF INVESTMENT OFFICER	40.00	Officer	$226,845	$37,731	$264,576
DENNISE ESTRADA	VP OF FIN & ADMIN	40.00	Officer	$216,690	$19,909	$236,599
YUI UENO	SR. DIRECTOR OF INVESTMENT	40.00	Key Emp	$156,782	$15,412	$172,194
ERICA DIXON	DIR OF MARKETING & COMMUNICATIONS	40.00	Highest	$121,250	$11,618	$132,868
CARON GUGSSA-HOWARD	DIR OF PORTFOLIO MANAGEMENT	40.00	Highest	$127,199	$22,610	$149,809
SHIBISHA JOHNSON	STRATEGY & INNOVATION CONSULTANT	40.00	Highest	$111,622	$0	$111,622
VIOLA MAI	DIRECTOR OF DEVELOPMENT	40.00	Highest	$121,350	$10,971	$132,321
HECTOR RAMOS	INVESTMENT AND PROGRAM MANAGER	40.00	Highest	$104,414	$11,216	$115,630

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	$5,480,854	$4,993,871	$22,824,034	$486,983
2022	$6,663,281	$4,401,992	$19,371,300	$2,261,289
2021	$6,518,782	$3,034,918	$16,139,121	$3,483,864
2020	$5,739,451	$3,119,058	$8,588,508	$2,620,393
2019	$1,761,183	$1,902,590	$4,060,012	$-141,407
2018	$2,930,973	$1,892,353	$4,664,693	$1,038,620

ICAFUND