ICAMRINC (EIN 471078611) - 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

JAY GALBRAITH

Phone

4078871222

Tax Period

2022-07-01 to 2023-06-30

ICAMRINC, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $8.3M in total revenue in fiscal year 2022. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $12.0M exceeded revenue, resulting in a 45% operating deficit.

Mission

BRIDG UNITES IDEAS WITH INDUSTRY TO ACCELERATE THE MANUFACTURING DEVELOPMENT OF EMERGING TECHNOLOGIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,368,398

Program Service Revenue $5,947,876

Investment Income $5,640

Other Revenue $0

TOTAL REVENUE $8,321,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,100,083

Fundraising Expenses $0

Other Expenses $10,940,925

TOTAL EXPENSES $12,041,008

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,321,914	$12,680,068	-0.3%
Expenses	$12,041,008	$14,942,891	-0.2%
Net Income	$-3,719,094	$-2,262,823	+0.6%

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

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
CLARENCE THACKER	DIRECTOR	1.00	Director	$0	$0	$0
GARY OBERMILLER	DIRECTOR	1.00	Director	$0	$0	$0
MAX MIRGOLI	DIRECTOR	1.00	Director	$0	$0	$0
JAY GALBRAITH	PRESIDENT	1.00	Officer	$0	$0	$0
BRAD FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
DONALD FISHER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ALLGAIR	EMPLOYEE	40.00	Highest	$111,890	$0	$111,890
JAMES VANDEVERE	EMPLOYEE	40.00	Highest	$200,799	$0	$200,799

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	$8,321,914	$12,041,008	$11,983,609	$-3,719,094
2022	$12,680,068	$14,942,891	$10,244,881	$-2,262,823
2021	$14,058,243	$14,909,450	$11,913,188	$-851,207
2020	$18,482,877	$15,438,990	$16,807,579	$3,043,887
2019	$11,810,967	$16,236,222	$14,447,723	$-4,425,255
2018	$14,267,961	$12,676,594	$18,561,327	$1,591,367

ICAMRINC