ISLES PROPERTIES INC (EIN 550799217) - 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

2002

Legal Domicile

Principal Officer

SEAN JACKSON

Phone

6093414700

Tax Period

2023-01-01 to 2023-12-31

ISLES PROPERTIES INC, founded in 2002, is a micro nonprofit in the Community Improvement sector that reported $69K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $218K exceeded revenue, resulting in a 215% operating deficit.

Mission

ISLES PROPERTIES IS THE HOLDING COMPANY FOR SEVERAL PROPERTIES THAT ARE USED FOR ISLES, INC.'S COMMUNITY REAL ESTATE DEVELOPMENT

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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 $63,412

Investment Income $0

Other Revenue $5,934

TOTAL REVENUE $69,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,468

Fundraising Expenses $0

Program Expenses $218,173

Other Expenses $176,705

TOTAL EXPENSES $218,173

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,346	$58,292	+0.2%
Expenses	$218,173	$192,935	+0.1%
Net Income	$-148,827	$-134,643	+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

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

$570,717

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROLANDO TORRES	TRUSTEE	0.50	Director	$0	$0	$0
WILLARD STANBACK	TRUSTEE	0.50	Director	$0	$0	$0
SEAN JACKSON	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$14,396	$149,412
JOHN HART	CHIEF OPERATING OFFICER AND SECRETARY	1.00	Officer	$0	$20,039	$139,882
MARTIN JOHNSON	FOUNDER/ ADVISOR	0.50	Officer	$0	$13,481	$73,260
MICHAEL NORDQUIST	MANAGING DIRECTOR	0.50	Officer	$0	$9,756	$100,981
PETER ROSE	MANAGING DIRECTOR	0.50	Officer	$0	$17,499	$107,182

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	$69,346	$218,173	$1,843,604	$-148,827
2022	$58,292	$192,935	$2,380,619	$-134,643
2021	$116,416	$223,185	$2,461,336	$-106,769
2020	$49,956	$200,515	$2,547,644	$-150,559
2019	$24,449	$201,271	$2,663,358	$-176,822
2018	$21,458	$256,057	$2,614,095	$-234,599

ISLES PROPERTIES INC