I E C A FOUNDATION INC (EIN 541804705) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

ANN ROSSBACH

Phone

7038900135

Tax Period

2023-01-01 to 2023-12-31

I E C A FOUNDATION INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $245K in total revenue in fiscal year 2018. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 32% operating margin.

Mission

THE MISSION OF THE IECA FOUNDATION IS TO IDENTIFY AND SUPPORT PROGRAMS THAT HAVE SIGNIFICANT IMPACT ON STUDENTS AND THEIR EDUCATIONAL ENVIRONMENTS. PRIORITY IS GIVEN TO PROGRAMS THAT ASSIST STUDENTS AS THEY MAKE EDUCATIONAL CHOICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $61,434

Program Service Revenue $0

Investment Income $89

Other Revenue $51,012

TOTAL REVENUE $112,535

Expense Breakdown

Grants Paid $55,015

Salaries & Benefits $0

Fundraising Expenses $18,606

Program Expenses $61,513

Other Expenses $36,795

TOTAL EXPENSES $91,810

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,535	$239,169	-0.5%
Expenses	$91,810	$161,862	-0.4%
Net Income	$20,725	$77,307	-0.7%

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

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
ANN ROSSBACH	TREASURER	4.00	Officer Director	$0	$0	$0
PHIL COCCHIOLA	CHAIRMAN	3.00	Director	$0	$0	$0
NICHOL ERNST	TRUSTEE	1.00	Director	$0	$0	$0
RANDY BERTIN	TRUSTEE	1.00	Director	$0	$0	$0
LUCY PRITZKER	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN SELTZER	TRUSTEE	1.00	Director	$0	$0	$0
SEAN ATKINS	TRUSTEE	1.00	Director	$0	$0	$0
JASON WARNICK	SECRETARY	3.00	Director	$0	$0	$0
ELIZABETH HALL	TRUSTEE	1.00	Director	$0	$0	$0
ANTOINETTE BATTISTE	TRUSTEE	1.00	Director	$0	$0	$0
ROSEMARY TIPPETT	TRUSTEE	1.00	Director	$0	$0	$0
KELLY WEBSTER	TRUSTEE	1.00	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	No data	No data	No data	No data
2023	$112,535	$91,810	$310,150	$20,725
2022	$239,169	$161,862	$289,425	$77,307
2021	$125,253	$163,655	$212,118	$-38,402
2020	$110,718	$152,194	$251,280	$-41,476
2019	$132,929	$154,478	$321,001	$-21,549
2018	$245,204	$166,999	$314,706	$78,205

I E C A FOUNDATION INC