IEG INC

EIN: 815025937 501(c)(3)

DENVER, CO

Total Revenue
$224,197
Total Expenses
$182,948
Total Assets
$59,470
Net Assets
$-95,745
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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
2017
Legal Domicile
CO
Principal Officer
HAROUN COWANS
Phone
7208197150
Tax Period
2020-01-01 to 2020-12-31

IEG INC, founded in 2017, is a small nonprofit that reported $224K in total revenue in fiscal year 2020. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $41K, a strong 18% operating margin.

Mission

THE MISSION IS TO STRENGTHEN AND BUILD COMMUNITY BY EQUIPPING AND EMPOWERING OUR BENEFICIARIES WITH THE SKILLS AND TOOLS THEY NEED TO SUCCEED THROUGH 3 PROGRAMMING AREAS: (1) GANG AND YOUTH VIOLENCE PREVENTION AND INTERVENTION,(2) WORKFORCE DEVELOPMENT, AND (3)COMMUNITY DEVELOPMENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $224,184
Program Service Revenue $0
Investment Income $13
Other Revenue $0
TOTAL REVENUE $224,197

Expense Breakdown

Grants Paid $0
Salaries & Benefits $126,728
Fundraising Expenses $0
Program Expenses $174,962
Other Expenses $56,220
TOTAL EXPENSES $182,948

Year-over-Year Comparison

2020 2019 Change
Revenue $224,197 $327,367 -0.3%
Expenses $182,948 $445,098 -0.6%
Net Income $41,249 $-117,731 -1.4%
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
3
Independent Members
3
Employees
3
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROUN COWANS CHAIRMAN OF N/A
Officer Director
$0 $0 $0
CRAIG MCGUINESS ADVISORY BOA N/A
Director
$0 $0 $0
STEVE ZIEGLER ADVISORY BOA 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
2020 $224,197 $182,948 $59,470 $41,249
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