THE IVY CENTER FOUNDATION OF NASHV… - 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

1985

Legal Domicile

Principal Officer

MARCIA MITCHELL

Phone

6153194794

Tax Period

2023-01-01 to 2023-12-31

THE IVY CENTER FOUNDATION OF NASHVILLE INC, founded in 1985, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $70K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12K, a strong 16% operating margin.

Mission

THE IVY CENTER PROVIDES SCHOLARSHIPS TO DESERVING YOUNG LADIES AND YOUNG MEN IN THE COMMUNITY. THE IVY CENTER PROVIDES CONTRIBUTIONS TO PUBLIC CHARITIES TO SUPPORT THEIR PROGRAMS. IT ALSO OPERATES SEVERAL PROGRAMS FOR THE BENEFIT OF OTHER CHARITIES.

Program Service Accomplishments

Program 1

Expenses: $58,751

A.) THE IVY CENTER FOUNDATION OF NASHVILLE, INC., (TICFN) SPONSORS THE PRECIOUS PEARLS COTILLION, A BIENNIAL EVENT. THE PARTICIPANTS IN THE COTILLION ARE YOUNG LADIES BETWEEEN THE AGES OF 18 AND 19. VARIOUS ACTIVITIES ARE IMPLEMENTED BEFORE THE CULMINATION DEBUTANTE BALL, AS THE FATHER-DAUGHTER BREAKFAST, A CAREER SMORGASBORD, A CHARM SCHOOL, AND ESCORT'S WORKSHOP, A MOTHER-DAUGHTER LUNCHEON, MANY COMMUNITY SERVICE ACTIVITIES AND WORKSHOPS. PROCEEDS FROM THE COTILLION ARE USED TO PROVIDE SCHOLARSHIPS FOR HIGH SCHOOL STUDENTS AND TO SUPPORT LOCAL CHARITABLE COMMUNITY ORGANIZATIONS. THE SCHOLARSHIPS WERE AWARDED TO MANY INDIVIDUALS AS APPROVED BY THE SCHOLARSHIP COMMITTEE USING APPROVED CRITERIA. B.) THE IVY CENTER FOUNDATION OF NASHVILLE, INC. ALSO PROVIDES FACILITIES FOR PUBLIC CHARITIES TO CONDUCT THEIR PROGRAMS AND FOR OTHER COMMUNITY RELATED ACTIVITIES.

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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 $46,996

Program Service Revenue $0

Investment Income $7,903

Other Revenue $15,357

TOTAL REVENUE $70,256

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $58,751

Other Expenses $50,751

TOTAL EXPENSES $58,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,256	$46,684	+0.5%
Expenses	$58,751	$57,272	+0.0%
Net Income	$11,505	$-10,588	-2.1%

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
CLARA BURGESS	DIRECTOR	N/A	Director	$0	$0	$0
LETICIA WRIGHT DUNN	CORRESP. SEC	N/A	Officer Director	$0	$0	$0
MARCIA MITCHELL	PRESIDENT	5.00	Director	$0	$0	$0
MARILYN ADAMS	DIRECTOR	N/A	Director	$0	$0	$0
CYNTHIA MONTGOMERY	DIRECTOR	N/A	Director	$0	$0	$0
ANDREA TYLER	CHARITABLE T	N/A	Director	$0	$0	$0
MINTY BALLARD	DIRECTOR	N/A	Director	$0	$0	$0
STACY GARDNER	HOUSING TREA	N/A	Director	$0	$0	$0
DEBORAH LUTER	DIRECTOR	N/A	Director	$0	$0	$0
JANIS PERRY	RENTAL TREAS	N/A	Officer Director	$0	$0	$0
LETICIA WIGHT-DUNN	CORRESPONDIN	N/A	Officer Director	$0	$0	$0
LEAH LOVE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOY BUCKLEY REED	FINANCIAL SE	N/A	Officer Director	$0	$0	$0
STEPHANIE MITCHELL	DIRECTOR	N/A	Director	$0	$0	$0
TRELLANY LANE	DIRECTOR	N/A	Director	$0	$0	$0
SONIA BROWN	DIRECTOR	N/A	Director	$0	$0	$0
VERICA COLEMAN	DIRECTOR	N/A	Director	$0	$0	$0
LESLY ISABEL	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTINA LEATH	DIRECTOR	N/A	Director	$0	$0	$0
MARQUETTIA STEWART-BROWN	DIRECTOR	N/A	Director	$0	$0	$0
WANDA PAYNE	DIRECTOR	N/A	Director	$0	$0	$0
LATRISHA JEMISON	DIRECTOR	N/A	Director	$0	$0	$0
JENEAN DAVIS	DIRECTOR	N/A	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	$70,256	$58,751	$1,074,224	$11,505
2022	$46,684	$57,272	$1,054,008	$-10,588
2021	$34,150	$84,994	$1,074,150	$-50,844
2020	$110,327	$139,826	$1,128,076	$-29,499
2019	$330,622	$238,174	$1,007,890	$92,448
2018	$223,933	$156,455	$910,250	$67,478

THE IVY CENTER FOUNDATION OF NASHVILLE INC