Isle of Palms Community Corporation (EIN 471544759) - 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

1961

Legal Domicile

Principal Officer

Kathy Shook

Phone

7045776087

Tax Period

2024-07-01 to 2025-06-30

Isle of Palms Community Corporation, founded in 1961, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $104K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $124K exceeded revenue, resulting in a 20% operating deficit.

Mission

The IOP Community Corporation serves as the non-profit charity associated with the IOP Exchange Club, supporting its mission of four programs of service Americanism, Child Abuse Prevention, Youth and Scholarships and Co

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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 $49,120

Program Service Revenue $0

Investment Income $16,000

Other Revenue $38,715

TOTAL REVENUE $103,835

Expense Breakdown

Grants Paid $114,859

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,783

Other Expenses $9,297

TOTAL EXPENSES $124,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,835	$140,852	-0.3%
Expenses	$124,156	$352,299	-0.6%
Net Income	$-20,321	$-211,447	-0.9%

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

N/A

Employees

N/A

Volunteers

N/A

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
Kitty Riley	Member	001.00	Director	$0	$0	$0
Michael Powers	Member	001.00	Director	$0	$0	$0
Dimi Matouchev	Member	001.00	Director	$0	$0	$0
Michelle Priest	Member	001.00	Director	$0	$0	$0
Drew Ross	President	001.00	Officer	$0	$0	$0
Scott Toole	President of Exchange	001.00	Officer	$0	$0	$0
Kathy Shook	Treasurer	001.00	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
2025	$103,835	$124,156	$90,276	$-20,321
2024	$140,852	$352,299	$110,598	$-211,447
2023	$479,744	$467,165	$322,045	$12,579

Isle of Palms Community Corporation