ERNEST CLARK IVERSON FOUNDATION INC

EIN: 770430670 501(c)(3)

LAGUNA BEACH, CA

Total Revenue
$295,829
Total Expenses
$267,511
Total Assets
$449,656
Net Assets
$385,378
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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
1996
Legal Domicile
CA
Phone
9492466836
Tax Period
2021-01-01 to 2021-12-31

ERNEST CLARK IVERSON FOUNDATION INC, founded in 1996, is a small nonprofit that reported $296K in total revenue in fiscal year 2021. Expenses of $268K left a modest 10% surplus.

Mission

RESIDENTIAL CARE FOR DISABLED ADULTS

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $295,829
Investment Income $0
Other Revenue $0
TOTAL REVENUE $295,829

Expense Breakdown

Grants Paid $0
Salaries & Benefits $173,682
Fundraising Expenses $0
Program Expenses $267,511
Other Expenses $93,829
TOTAL EXPENSES $267,511

Year-over-Year Comparison

2021 2020 Change
Revenue $295,829 $285,093 +0.0%
Expenses $267,511 $262,308 +0.0%
Net Income $28,318 $22,785 +0.2%
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

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Governance

Voting Members
2
Independent Members
1
Employees
6
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
$28,895
Total Directors
2
$28,895
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL LINDSEY President 10.00
Officer Director
$28,895 $0 $28,895
MARGARET LINDSEY Secretary 2.00
Officer 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
2021 $295,829 $267,511 $449,656 $28,318
2020 $285,093 $262,308 $420,010 $22,785
2019 $255,806 $247,777 $395,613 $8,029
2018 $220,232 $225,777 $385,855 $-5,545
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