IVY ENRICHMENT FOUNDATION OF TAMPA BAY INC (EIN 592072596) - 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

1979

Legal Domicile

Principal Officer

CHRISTINE GLOVER

Phone

7039649555

Tax Period

2024-01-01 to 2024-12-31

IVY ENRICHMENT FOUNDATION OF TAMPA BAY INC, founded in 1979, is a small nonprofit that reported $148K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $232K exceeded revenue, resulting in a 57% operating deficit.

Mission

SCHOLARSHIPS TO HIGH SCHOOL STUDENTS INTERESTED IN PURSUING A COLLEGE DEGREE AND PROGRAMS TO ASSIST THE COMMUNITY TO BECOME SELF-SUFFICIENT OR SELF SUSTAINING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $148,183

Investment Income $0

Other Revenue $0

TOTAL REVENUE $148,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $107,628

Other Expenses $232,073

TOTAL EXPENSES $232,073

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,183	$324,632	-0.5%
Expenses	$232,073	$104,298	+1.2%
Net Income	$-83,890	$220,334	-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

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE GLOVER	PRESIDENT	5.00	Officer	$0	$0	$0
PATRICE JOSEPH	VICE PRESIDE	5.00	Officer	$0	$0	$0
CARLA WHITE-SUNDAY	2ND VICE PRE	5.00	Officer	$0	$0	$0
NANNETTE HENDERSON	FINANCIAL SE	5.00	Officer	$0	$0	$0
TRACY HOLT	TREASURER	5.00	Officer	$0	$0	$0
SAMANTHA PARIS	RECORDING SE	5.00	Officer	$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	$148,183	$232,073	$1,703,692	$-83,890
2023	$324,632	$104,298	$1,858,883	$220,334
2022	$290,129	$157,292	$1,657,890	$132,837
2021	$153,125	$120,416	$1,683,008	$32,709
2020	$247,851	$124,694	$1,521,565	$123,157
2019	$245,482	$172,137	$1,483,965	$73,345
2018	$265,787	$189,259	$1,401,068	$76,528

IVY ENRICHMENT FOUNDATION OF TAMPA BAY INC