IDEAFOR INC (EIN 821229099) - 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

2017

Legal Domicile

Principal Officer

THUY KOLIK

Phone

5134877106

Tax Period

2024-07-01 to 2025-06-30

IDEAFOR INC, founded in 2017, is a small nonprofit that reported $399K in total revenue in fiscal year 2024. Revenue surged 263% from the prior year, signaling strong growth momentum. Expenses of $6.2M exceeded revenue, resulting in a 1444% operating deficit.

Mission

TO EMPOWER YOUNG PEOPLE AND FAMILIES TO SUCCEED THROUGH A CONTINUUM OF CARE THAT PROMOTES HEALING AND GROWTH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $387,190

Program Service Revenue $0

Investment Income $1

Other Revenue $12,071

TOTAL REVENUE $399,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,164,500

TOTAL EXPENSES $6,164,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$399,262	$109,880	+2.6%
Expenses	$6,164,500	$112,431	+53.8%
Net Income	$-5,765,238	$-2,551	+2259.0%

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

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

$988,699

Total Directors

$575,261

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL HAFFNER	CEO	0.50	Officer Director	$0	$51,533	$335,726
THUY KOLIK	ASST. TREASURER/CFO/CAO	0.50	Officer Director	$0	$61,762	$239,535
TOM FREEMAN	DIRECTOR	0.50	Director	$0	$0	$0
MICHELE LAUMER	DIRECTOR	0.50	Director	$0	$0	$0
GREG OLSON	DIRECTOR	0.50	Director	$0	$0	$0
AMY SUSSKIND	CHAIR	0.50	Officer Director	$0	$0	$0
SEAN CALLAN	SECRETARY	1.00	Officer Director	$0	$0	$0
BOBBY CAVE	TREASURER	1.00	Officer Director	$0	$0	$0
BONITA CAMPBELL	COO	0.50	Officer	$0	$65,361	$218,200
JESSICA WABLER	CDO	0.50	Officer	$0	$60,611	$195,238

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
2025	$399,262	$6,164,500	No data	$-5,765,238
2024	$109,880	$112,431	$6,208,317	$-2,551
2023	$109,810	$115,930	$6,207,253	$-6,120
2022	$109,737	$113,705	$6,209,788	$-3,968
2021	$105,382	$115,555	$6,235,200	$-10,173
2020	$101,133	$103,000	$6,212,478	$-1,867
2019	$101,231	$146,224	$6,214,345	$-44,993

IDEAFOR INC