ICARRE FOUNDATION INC (EIN 472180359) - 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

Phone

4432180359

Tax Period

2024-01-01 to 2024-12-31

ICARRE FOUNDATION INC, founded in 2014, is a community nonprofit in the Mental Health sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 121% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 7% surplus.

Mission

The mission is to develop strong, productive partnerships; create and implement health & wellness initiatives in the community; and impact families through entrepreneurship and financial literacy. This mission is accomplished through workships, mentoring, coaching etc.

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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 $0

Program Service Revenue $2,961,466

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,961,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,375

Fundraising Expenses $0

Program Expenses $2,021,577

Other Expenses $2,629,759

TOTAL EXPENSES $2,744,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,961,466	$1,338,352	+1.2%
Expenses	$2,744,134	$1,264,014	+1.2%
Net Income	$217,332	$74,338	+1.9%

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

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

$114,375

Total Directors

$114,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY CARR	EXECUTIVE DIRECTOR	40.00	Officer Director	$75,000	$0	$75,000
TAMMY JOHNSON-CARR	VICE CHAIR PERSON	10.00	Officer Director	$39,375	$0	$39,375
PAMELA BENNETT-INGRAM	TREASURER	5.00	Officer Director	$0	$0	$0
DEBRA WATSON	SECRETARY	5.00	Officer Director	$0	$0	$0
HDUANTE DUCKETT	MEMBER	5.00	Officer Director	$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
2024	$2,961,466	$2,744,134	$427,512	$217,332
2023	$1,338,352	$1,264,014	$148,767	$74,338
2022	$470,340	$471,494	$100,996	$-1,154
2021	$310,330	$345,625	$44,536	$-35,295
2020	$258,533	$266,243	$68,019	$-7,710

ICARRE FOUNDATION INC