Indian River County Foundation For… - 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

1970

Legal Domicile

Principal Officer

Talmage Rogers

Phone

7725386906

Tax Period

2024-01-01 to 2024-12-31

Indian River County Foundation For The Elderly, founded in 1970, is a micro nonprofit that reported $54K in total revenue in fiscal year 2024. Expenses of $63K exceeded revenue, resulting in a 16% operating deficit.

Mission

For the use, aid, benefit and need of elderly people 65 years or over, residing in Vero Beach, Indian River County, Florida

Program Service Accomplishments

Program 1

Expenses: $4,905

The Foundation and Perkins Pharmacy identify indigent and low income

Program 2

Expenses: $40,000

Grant Program

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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 $0

Investment Income $54,043

Other Revenue $0

TOTAL REVENUE $54,043

Expense Breakdown

Grants Paid $44,905

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,905

Other Expenses $17,668

TOTAL EXPENSES $62,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,043	$55,504	0.0%
Expenses	$62,573	$56,164	+0.1%
Net Income	$-8,530	$-660	+11.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Board of	Governors	0		$0	$0	$0
Board of Gov	IR Cty Foundat	0		$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	$54,043	$62,573	$1,080,701	$-8,530
2023	$55,504	$56,164	$966,294	$-660
2022	$39,832	$29,841	$925,831	$9,991
2021	$68,678	$55,878	$1,135,897	$12,800
2020	$15,103	$34,026	$1,029,187	$-18,923

Indian River County Foundation For The Elderly