IREDELL STATESVILLE COMMUNITY ENRI… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

Darbah T Skaf

Phone

7047614498

Tax Period

2023-01-01 to 2023-12-31

IREDELL STATESVILLE COMMUNITY ENRICHMENT CORP INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $124K in total revenue in fiscal year 2023. Net assets of $1.7M represent 168 months of operating reserves.

Mission

Provide safe and affordable housing opportunities in the community and assist the community in establishing social, economic and qualtiy of life initiatives

Program Service Accomplishments

Program 1

Expenses: $123,367

Provide housing and economic opportunities for low to moderate income persons in effort to improve quality of life

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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 $9,368

Investment Income $6,694

Other Revenue $108,062

TOTAL REVENUE $124,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,875

Fundraising Expenses $0

Program Expenses $123,367

Other Expenses $101,492

TOTAL EXPENSES $123,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$124,124	$-90,498	-2.4%
Expenses	$123,367	$116,158	+0.1%
Net Income	$757	$-206,656	-1.0%

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

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

Total Directors

Key Employees

$174,990

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darbah T Skaf	CEO	005.00	Key Emp Highest	$21,875	$0	$174,990
Bernadene Moton	Vice Board Chair	000.25	Director	$0	$0	$0
Carolyn Gray	Board Member	000.25	Director	$0	$0	$0
Luz Casteneda	Board Member	000.25	Director	$0	$0	$0
Bruce Johnson	Board Chair	000.25	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	$124,124	$123,367	$7,044,551	$757
2022	$-90,498	$116,158	$8,018,479	$-206,656
2021	$-256,851	$97,847	$8,506,468	$-354,698
2020	$-45,972	$102,043	$7,660,422	$-148,015

IREDELL STATESVILLE COMMUNITY ENRICHMENT CORP INC