THE IVY COMMUNITY CENTER INC

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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

1995

Legal Domicile

Principal Officer

TARA FIKE

Phone

9194242223

Tax Period

2023-01-01 to 2023-12-31

THE IVY COMMUNITY CENTER INC, founded in 1995, is a small nonprofit in the Human Services sector that reported $120K in total revenue in fiscal year 2023. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 20% operating margin.

Mission

TO MAINTAIN AND MANAGE THE IVY COMMUNITY CENTER TO SPONSOR AND PROMOTE PROGRAMS THAT ENHANCE THE QUALITY OF LIFE FOR THE DURHAM COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $36,497 Revenue: $58,431

COMMUNITY OUTREACH: THE EURYDICE SMITH LITERACY PROJECT IMPLEMENTED A BLACK HISTORY MONTH READ-IN ACTIVITY AT WHITTED PRIMARY SCHOOL IN FEBRUARY 2023 AND A WOMEN'S HISTORY READ-IN ACTIVITY AT WHITTED PRIMARY SCHOOL IN MARCH 2023. BOOKS DONATED BY ICC WERE READ TO STUDENTS BY CORPORATION MEMBERS. TEACHERS APPRECIATION WEEK GIFT BAGS WERE ALSO PROVIDED TO TEACHERS AT MOREHEAD MONTESSORI SCHOOL AND WHITTED PRIMARY SCHOOL IN THE SPRING OF 2023 TO THANK THEM FOR THEIR COMMITMENT TO EDUCATING THE COMMUNITES' CHILDREN. ADDITIONALLY, THE MEETING SPACE AT THE FACILITY WAS PROVIDED GRATIS TO LOCAL GIRL SCOUT TROOP 793 FOR THEIR BI-MONTHLY MEETINGS. THE FACILITY WAS ALSO USED FOR THE OCTOBER 2023 PRIMARIES AND NOVEMBER 2023 GENERAL ELECTION AT WELL BELOW MARKET RATES. SCHOLARSHIP MONIES FOR ROSA SMALL SCHOLARSHIP FUND WERE RECEIVED FROM DONORS FOR A STUDENT AT NC CENTRAL UNIVERSITY

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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 $59,759

Program Service Revenue $58,431

Investment Income $961

Other Revenue $1,306

TOTAL REVENUE $120,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $16,245

Program Expenses $36,497

Other Expenses $95,874

TOTAL EXPENSES $95,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,457	$41,555	+1.9%
Expenses	$95,874	$108,879	-0.1%
Net Income	$24,583	$-67,324	-1.4%

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

N/A

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
TARA FIKES	PRESIDENT	18.00	Officer Director	$0	$0	$0
JULIA FAIRLEY	VICE PRESIDENT	18.00	Officer Director	$0	$0	$0
CHELSEA FULMORE	SECRETARY	15.00	Officer Director	$0	$0	$0
JACKIE ELLIS	TREASURER	25.00	Officer Director	$0	$0	$0
CYNTHIA ENGLISH	FINANCIAL SECRETARY	14.00	Officer Director	$0	$0	$0
KAMALA UZZELL JONES	DIRECTOR	4.00	Officer Director	$0	$0	$0
KATRINA LEWIS TEACHEY	DIRECTOR	3.00	Director	$0	$0	$0
TONI TERRY	ASSISTANT FINANCIAL SECRETARY	5.00	Director	$0	$0	$0
DESDEMONA FAISON	DIRECTOR	3.00	Director	$0	$0	$0
JUANEZA AMOS	ASSISTANT SECRETARY	3.00	Director	$0	$0	$0
RENITA HART	DIRECTOR	4.00	Director	$0	$0	$0
SHAMIEKA RHINEHART	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA HARPER	DIRECTOR	3.00	Director	$0	$0	$0
NARA STRICKLAND	DIRECTOR	3.00	Director	$0	$0	$0
REGINA LEWIS	DIRECTOR	3.00	Director	$0	$0	$0
CONNIE BRITT	ASSISTANT TREASURER	3.00	Officer Director	$0	$0	$0
CARLA NUNN	DIRECTOR	3.00	Director	$0	$0	$0
ROSALIND GARMON	DIRECTOR	3.00	Director	$0	$0	$0
CARRISSA DIXON	DIRECTOR	3.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$120,457	$95,874	$1,233,303	$24,583
2022	$41,555	$108,879	$1,208,720	$-67,324
2021	$82,429	$147,137	$1,276,044	$-64,708
2020	$208,540	$103,443	$1,340,752	$105,097