Impact Shares Corp (EIN 471726660) - 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

2017

Legal Domicile

Principal Officer

Ethan Powell

Tax Period

2020-01-01 to 2020-12-31

Impact Shares Corp, founded in 2017, is a small nonprofit that reported $118K in total revenue in fiscal year 2020. Expenses of $1.1M exceeded revenue, resulting in a 806% operating deficit.

Mission

At Impact Shares we invest in change. It's why we're committed to changing the world of impact investing one socially conscious ETF at a time. At Impact Shares we help organizations translate their social values into an investable product that is traded on the NYSE. Being a part of our ETFs means committing to an evolving set of criteria defined by our non-profit partners to ensure ongoing alignment of corporate behaviors with social values. With all net profits going directly back to these non-profit* partners together we're making money go farther and do more. Creating an impact that is both reflected in portfolios and felt in the world all around us.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $118,229

Investment Income $0

Other Revenue $0

TOTAL REVENUE $118,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,362

Fundraising Expenses $86,606

Program Expenses $590,519

Other Expenses $849,696

TOTAL EXPENSES $1,071,058

Year-over-Year Comparison

	2020	2019	Change
Revenue	$118,229	$118,000	+0.0%
Expenses	$1,071,058	$1,071,058	N/A
Net Income	$-952,829	$-953,058	0.0%

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

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
Ethan Powell	Founder	60.00	Officer Director Key Emp Highest	$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
2020	$118,229	$1,071,058	$685,620	$-952,829
2019	$408,101	$542,394	$43,449	$-134,293
2018	$812,396	$561,314	$296,340	$251,082

Impact Shares Corp