INVESTING IN COMMUNITIES INC (EIN 824741844) - 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

2018

Legal Domicile

Principal Officer

SHAUNA BOOM

Phone

2706835365

Tax Period

2023-07-01 to 2024-06-30

INVESTING IN COMMUNITIES INC, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $3.2M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $2.9M left a modest 8% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME RESIDENTS IN OUR COMMUNITY

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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 $888

Investment Income $4,091

Other Revenue $3,162,876

TOTAL REVENUE $3,167,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,226

Fundraising Expenses $0

Program Expenses $2,925,496

Other Expenses $2,573,270

TOTAL EXPENSES $2,925,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,167,855	$3,979,345	-0.2%
Expenses	$2,925,496	$2,308,838	+0.3%
Net Income	$242,359	$1,670,507	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA MOORMAN	CHAIRPERSON	001.00	Director	$0	$0	$0
DEBBIE FILLMAN	DIRECTOR	000.5	Director	$0	$0	$0
TOM COVINGTON	DIRECTOR	000.5	Director	$0	$0	$0
JEAN MADDOX	DIRECTOR	000.5	Director	$0	$0	$0
RICK SEARCY	DIRECTOR	000.5	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
2025	No data	No data	No data	No data
2024	$3,167,855	$2,925,496	$9,488,049	$242,359
2023	$3,979,345	$2,308,838	$9,492,713	$1,670,507
2022	$2,081,251	$2,284,087	$7,239,812	$-202,836
2021	$541,930	$800,270	$4,796,435	$-258,340

INVESTING IN COMMUNITIES INC