INDIAN RIVER COLONY CLUB FOUNDATION INC

EIN: 593550026 501(c)(3) Public & Societal Benefit

MELBOURNE, FL

Total Revenue
$409,905
Total Expenses
$108,237
Total Assets
$387,765
Net Assets
$387,765
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
FL
Principal Officer
TIMOTHY HIGGINS
Phone
3212556005
Tax Period
2023-01-01 to 2023-12-31

INDIAN RIVER COLONY CLUB FOUNDATION INC, founded in 1998, is a small nonprofit in the Public & Societal Benefit sector that reported $410K in total revenue in fiscal year 2023. The organization ran a surplus of $302K, a strong 74% operating margin.

Mission

To provide financial assistance to IRCC employees and residents in the form of small grants. To provide educational assistance to IRCC employees in the form of small grants. To assist members of the general public who have served in the U.S. military through small grants made to qualified 501(c) 3 veteran organizations. To provide a means by which IRCC residents may donate funds to the IRCC Foundation to fulfill the mission of the Foundation and provide for the special needs of the IRCC community that fall under the legal provisions of the Foundations 501(c)3 not for profit status.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $403,700
Program Service Revenue $0
Investment Income $1,485
Other Revenue $4,720
TOTAL REVENUE $409,905

Expense Breakdown

Grants Paid $102,133
Salaries & Benefits $0
Fundraising Expenses $178
Program Expenses $102,133
Other Expenses $6,104
TOTAL EXPENSES $108,237

Year-over-Year Comparison

2023 2022 Change
Revenue $409,905 N/A N/A
Expenses $108,237 N/A N/A
Net Income $301,668 N/A N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
N/A
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN WHALEN Director 1.00
Director
$0 $0 $0
NANCY PATAKY Director 1.00
Director
$0 $0 $0
MICHAELE MORGAN Director 1.00
Director
$0 $0 $0
ROSEMARIE ZIEGLER Director 1.00
Director
$0 $0 $0
MICHAEL GONDEK Director 1.00
Director
$0 $0 $0
TIMOTHY HIGGINS Chairman 1.00
Officer
$0 $0 $0
MICHAEL FEENER Vice President 1.00
Officer
$0 $0 $0
JULIE ROBERTS SECRETARY/TREASURER EX-OFFICIO 2.00
$0 $0 $0
KAREN PINKNEY DIRECTOR 1.00
$0 $0 $0
JAMES SISSERSON DIRECTOR 1.00
$0 $0 $0
RONNIE MACMAHON DIRECTOR 1.00
$0 $0 $0
JONI WILSON DIRECTOR 1.00
$0 $0 $0
LEONARD RIVET DIRECTOR 1.00
$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
2023 $409,905 $108,237 $387,765 $301,668
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