ISLAND CULTUREZ

EIN: 811657251 501(c)(3) Community Improvement

WINSTON SALEM, NC

Total Revenue
$194,947
Total Expenses
$70,693
Total Assets
$353,646
Net Assets
$351,346
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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
2020
Legal Domicile
NC
Tax Period
2022-01-01 to 2022-12-31

ISLAND CULTUREZ, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $195K in total revenue in fiscal year 2022. The organization ran a surplus of $124K, a strong 64% operating margin.

Mission

Nurturing community self-reliance through working in unison to overcome poverty & oppression.

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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 (2022)

Revenue Breakdown

Contributions & Grants $194,947
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $194,947

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $54,798
Other Expenses $70,693
TOTAL EXPENSES $70,693

Year-over-Year Comparison

2022 2021 Change
Revenue $194,947 N/A N/A
Expenses $70,693 N/A N/A
Net Income $124,254 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

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
2
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Banner Chief Catalyst 35.00
Officer
$0 $0 $0
Marcus Hill Co-Catalyst 10.00
Officer
$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
2022 $194,947 $70,693 $353,646 $124,254
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