IGARAPE INC (EIN 812565459) - 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

2016

Legal Domicile

Principal Officer

BARBARA SILVA

Phone

2129671100

Tax Period

2023-01-01 to 2023-12-31

IGARAPE INC, founded in 2016, is a community nonprofit in the International Affairs sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $322K, a strong 20% operating margin.

Mission

IGARAPE INC IS COMMITTED TO EXPANDING THE PROFILE, REACH AND IMPACT OF PUBLIC, PRIVATE AND NONPROFIT ORGANIZATIONS COMMITTED TO IMPROVING SECURITY, ADVANCING DIGITAL RIGHTS, ACCELERATING CLIMATE ACTION, STRENGTHENING SUSTAINABLE DEVELOPMENT AND PROMOTING MULTILATERAL COOPERATION. IT IS COMMITTED TO DEVELOPING PARTNERSHIPS TO MAKE THE WORLD A SAFER PLACE.

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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 $1,505,634

Program Service Revenue $119,746

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,625,380

Expense Breakdown

Grants Paid $468,555

Salaries & Benefits $48,000

Fundraising Expenses $7,200

Program Expenses $1,142,255

Other Expenses $787,251

TOTAL EXPENSES $1,303,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,625,380	$1,926,055	-0.2%
Expenses	$1,303,806	$1,814,020	-0.3%
Net Income	$321,574	$112,035	+1.9%

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

$48,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUNO GIUSSANI	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEXANDRA KOSSLYN	TREASURER	1.00	Officer Director	$0	$0	$0
MISHA GLENNY	SECRETARY	1.00	Officer Director	$0	$0	$0
HENRY ROBERT MUGGAH	EXECUTIVE OFFICER	10.00	Officer	$48,000	$0	$48,000
BARBAR SILVA	ADMINISTRATIVE OFFICER	8.00	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
2024	No data	No data	No data	No data
2023	$1,625,380	$1,303,806	$1,665,355	$321,574
2022	$1,926,055	$1,814,020	$1,459,328	$112,035
2022	$1,757,205	$1,814,342	$1,477,329	$-57,137
2021	$3,633,968	$1,402,431	$3,848,483	$2,231,537
2021	$3,633,968	$1,402,431	$3,848,483	$2,231,537
2020	$945,284	$545,025	$1,618,233	$400,259
2019	$1,491,335	$976,748	$1,267,760	$514,587
2018	$1,432,481	$798,988	$701,314	$633,493

IGARAPE INC