ICC Codification Inc (EIN 823722145) - 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

Dominic P Sims

Phone

8884227233

Tax Period

2023-01-01 to 2023-12-31

ICC Codification Inc, founded in 2017, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $9.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

LESSENING THE BURDENS OF GOVERNMENT THROUGH THE PROMULGATION OF ACCESSIBLE, USER-FRIENDLY MUNICIPAL CODES, TO EDUCATE THE PUBLIC WITH RESPECT TO MUNICIPAL (CONTINUED ON SCH O)

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $8,757,886

TOTAL REVENUE $8,757,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,328,684

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,416,747

TOTAL EXPENSES $9,745,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,757,886	$7,578,689	+0.2%
Expenses	$9,745,431	$9,399,148	+0.0%
Net Income	$-987,545	$-1,820,459	-0.5%

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

N/A

Employees

218

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

$2,572,179

Total Directors

$3,264,249

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINIC SIMS	PRESIDENT/DIRECTOR	4.0	Officer Director	$0	$148,007	$1,344,655
JOHN BELCIK	TREASURER/DIRECTOR	10.0	Officer Director	$0	$279,944	$970,877
MARK JOHNSON	DIRECTOR	1.0	Director	$0	$85,067	$691,268
MICHELLE WOODS	SOLUTIONS ACCOUNT EXECUTIVE	40.0	Highest	$290,907	$16,620	$307,527
MELIKE ONCU	SECRETARY (THRU 10/2023)	1.0	Director	$0	$32,730	$257,449
LYNN MARTIN	CHIEF OPERATING OFFICER	40.0	Officer	$240,532	$16,115	$256,647
ROBERT K FRANKLIN	NATIONAL ACCOUNTS MANAGER	40.0	Highest	$215,147	$29,336	$244,483
CRISTINA LOVERDE	VP CLIENT ENGAGEMENT	40.0	Highest	$152,896	$26,257	$179,153
JEFF WIGHT	VP OPERATIONS	40.0	Highest	$148,845	$25,867	$174,712
SCOTT MURPHY	NATIONAL ACCOUNTS MANAGER	40.0	Highest	$138,280	$8,129	$146,409

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	$8,757,886	$9,745,431	$33,906,427	$-987,545
2021	$6,789,880	$6,934,085	$26,496,888	$-144,205
2020	$5,649,106	$6,522,714	$20,138,820	$-873,608
2019	$5,800,926	$6,021,831	$20,416,147	$-220,905
2018	$5,426,403	$6,018,978	$18,958,778	$-592,575

ICC Codification Inc