INCIDENT RESPONSE CONSORTIUM

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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

Principal Officer

JOSEPH LOOMIS

Phone

8017927988

Tax Period

2019-01-01 to 2019-12-31

INCIDENT RESPONSE CONSORTIUM, founded in 2017, is a micro nonprofit in the Education sector that reported $67K in total revenue in fiscal year 2019. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $256K exceeded revenue, resulting in a 282% operating deficit.

Mission

CYBERSECURITY TRAINING AND EDUCATION

Program Service Accomplishments

Program 1

Expenses: $199,732

CONDUCTS FREE CONFERENCES EDUCATING INDIVIDUALS AND COMPANIES ON CYBERSECURITY AND DEVELOPING BEST PRACTICE RESPONSE PLANS TO CYBERSECURTY OPERATIONS AND REMEDIATION PROCESSES.

Program 2

Expenses: $1,884

EDUCATIONAL SCHOLARSHIP FOR EDUCATIONAL EXPENSES RELATED TO STEM FIELD, IN PURSUIT OF A CAREER IN INCIDENT RESPONSE

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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 (2019)

Revenue Breakdown

Contributions & Grants $67,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $67,000

Expense Breakdown

Grants Paid $1,884

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,616

Other Expenses $253,950

TOTAL EXPENSES $255,834

Year-over-Year Comparison

	2019	2018	Change
Revenue	$67,000	$673,468	-0.9%
Expenses	$255,834	$321,881	-0.2%
Net Income	$-188,834	$351,587	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH LOOMIS	DIRECTOR	15.00	Officer Director	$0	$0	$0
RYAN COREY	DIRECTOR	5.00	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
2019	$67,000	$255,834	$108,084	$-188,834
2018	$673,468	$321,881	$435,915	$351,587
2018	$577,463	$346,012	$330,160	$231,451