ISLAND CITY DEVELOPMENT (EIN 472164827) - 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

VANESSA COOPER

Phone

5107474300

Tax Period

2023-01-01 to 2023-12-31

ISLAND CITY DEVELOPMENT, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 85% operating margin.

Mission

LOW-INCOME HOUSING SEE PAGE 2 FOR FURTHER EXPLANATION.

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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 $0

Program Service Revenue $41,352

Investment Income $2,287,351

Other Revenue $5,352

TOTAL REVENUE $2,334,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $348,384

TOTAL EXPENSES $348,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,334,055	$1,974,565	+0.2%
Expenses	$348,384	$233,242	+0.5%
Net Income	$1,985,671	$1,741,323	+0.1%

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

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

$669,432

Total Directors

$669,432

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VANESSA COOPER	PRESIDENT	0.25	Officer Director	$0	$78,064	$419,893
GREGORY KATS	SECRETARY/TREASURER	0.25	Officer Director	$0	$41,267	$249,039
CARLY GROB	VICE PRESIDENT	0.25	Officer Director	$0	$0	$500

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	$2,334,055	$348,384	$11,972,088	$1,985,671
2022	$1,974,565	$233,242	$9,569,908	$1,741,323
2021	$1,604,339	$203,395	$8,047,451	$1,400,944
2020	$1,291,954	$150,019	$3,671,300	$1,141,935
2019	$294,539	$156,542	$4,082,979	$137,997
2018	$837,374	$159,070	$2,822,100	$678,304

ISLAND CITY DEVELOPMENT