Centerport, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IDC Foundation Inc, founded in 2014, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 75% operating deficit.
IDC Foundation Inc. was founded to provide scholarships to help undergraduate and professional students preparing for careers in the building construction industry, including but not limited to architecture,construction, engineering, and interior design, to pay for the costs of their education at educational institutions that are exempt from taxation under either Section 501(c)(3) or Section 115 of the Internal Revenue Code.IDC Foundation Inc. will provide funding for internships for such students as long as internships are supervised or approved by the Educational Institutions at which such students are enrolled. IDC Foundation will Provide Grants to Educational Institutions for the purpose of encouraging and supporting students pursuing careers in the building construction industry and to support research and educational programs relevant to the building construction industry.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $1,166,011 | $1,892,547 | -0.4% |
| Expenses | $2,039,817 | $1,449,551 | +0.4% |
| Net Income | $-873,806 | $442,996 | -3.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Raymond Savino | President | 0.00 |
Officer
Director
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$0 | $0 | $0 |
| Frank Fortino | VP/Secretary | 0.00 |
Officer
Director
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$0 | $0 | $0 |
| Elizabeth Battista | Treasurer | 0.00 |
Officer
Director
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$0 | $0 | $0 |
| Carol Loewenson | Director | 0.00 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $1,166,011 | $2,039,817 | $27,823,166 | $-873,806 |
| 2022 | $1,892,547 | $1,449,551 | $27,063,530 | $442,996 |
| 2021 | $1,443,639 | $1,898,905 | $31,905,692 | $-455,266 |
| 2020 | $1,031,808 | $935,805 | $28,437,660 | $96,003 |
| 2019 | $1,541,067 | $2,953,093 | $29,276,763 | $-1,412,026 |
| 2018 | $11,675,200 | $1,896,650 | $29,332,748 | $9,778,550 |
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