THE IRONMAN FOUNDATION INC (EIN 651172979) - 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

2003

Legal Domicile

Principal Officer

SHANE FACTEAU

Phone

8138685940

Tax Period

2024-01-01 to 2024-12-31

THE IRONMAN FOUNDATION INC, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.1M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 13% surplus.

Mission

TO LEAVE IRONMAN'S LEGACY THROUGH PHILANTHROPY, VOLUNTEERISM AND GRANT MAKING.

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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 $2,575,527

Program Service Revenue $0

Investment Income $542,543

Other Revenue $0

TOTAL REVENUE $3,118,070

Expense Breakdown

Grants Paid $1,403,889

Salaries & Benefits $458,546

Fundraising Expenses $280,452

Program Expenses $2,046,650

Other Expenses $838,956

TOTAL EXPENSES $2,701,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,118,070	$3,014,154	+0.0%
Expenses	$2,701,391	$3,323,761	-0.2%
Net Income	$416,679	$-309,607	-2.3%

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

100

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

$168,161

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANE FACTEAU	PRESIDENT	2.00	Officer Director	$0	$0	$0
NICK PASKIEWICZ	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHNNY O'BRIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE MOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
AUDRA TASSONE-INDECK	EXECUTIVE DIRECTOR	45.00	Officer	$0	$6,981	$168,161

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	$3,118,070	$2,701,391	$10,200,549	$416,679
2023	$3,014,154	$3,323,761	$9,446,547	$-309,607
2022	$3,635,775	$3,189,524	$8,913,811	$446,251
2021	$2,918,187	$2,915,552	$9,463,048	$2,635
2020	$2,254,201	$1,644,820	$8,345,444	$609,381
2019	$3,334,663	$3,253,659	$7,697,370	$81,004
2018	$3,234,168	$2,925,074	$6,638,698	$309,094

THE IRONMAN FOUNDATION INC