INDIAN RIVER CLAY INC

EIN: 830808000 501(c)(3) Education

VERO BEACH, FL

Total Revenue
$223,302
Total Expenses
$185,957
Total Assets
$632,659
Net Assets
$509,736
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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
FL
Principal Officer
SUSAN SCAROLA
Phone
7722028598
Tax Period
2024-01-01 to 2024-12-31

INDIAN RIVER CLAY INC, founded in 2018, is a small nonprofit in the Education sector that reported $223K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $37K, a strong 17% operating margin.

Mission

INDIAN RIVER CLAY IS A CLAY STUDIO OF FULL AND PART-TIME MEMBERS FOUNDED IN 2018 TO PROMOTE THE LEARNING AND DEVELOPMENT OF POTTERY SKILLS. WE FOSTER A COMMUNITY THAT INSPIRES CURIOSITY AND DISCOVERY AROUND THE ART AND CRAFT OF CLAY, DRAWING TOGETHER STUDENTS, ARTISTS, AND AN ENGAGED PUBLIC. WE BELIEVE THAT EVERY PERSON IS AN ARTIST AND THAT CLAY IS A PERFECT MEDIUM THROUGH WHICH TO EXPLORE OUR TALENTS. EVERY DAY IN OUR STUDIO WE STRIVE TO DEEPEN THE CONNECTION BETWEEN PEOPLE AND CLAY WITH THE HIGHEST QUALITY PROGRAMS BECAUSE WE BELIEVE THAT SHARED CREATIVITY, SO FUNDAMENTAL TO HUMANITY, IS A CRITICAL FORCE FOR GOOD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,132
Program Service Revenue $187,563
Investment Income $3,726
Other Revenue $19,881
TOTAL REVENUE $223,302

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $181,724
Other Expenses $185,957
TOTAL EXPENSES $185,957

Year-over-Year Comparison

2024 2023 Change
Revenue $223,302 $271,737 -0.2%
Expenses $185,957 $167,033 +0.1%
Net Income $37,345 $104,704 -0.6%
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
6
Independent Members
6
Employees
N/A
Volunteers
75

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF CARPENTER CHAIR 5.00
Officer Director
$0 $0 $0
MARIA SPARSIS VICE CHAIR 5.00
Officer Director
$0 $0 $0
SUSAN SCAROLA TREASURER 5.00
Officer Director
$0 $0 $0
KIM MAYO SECRETARY 5.00
Officer Director
$0 $0 $0
MISTY KAY PEASLEE BOARD MEMBER 5.00
Director
$0 $0 $0
MALLORY WIXSON-OMALLEY BOARD MEMBER 3.00
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
2024 $223,302 $185,957 $632,659 $37,345
2023 $271,737 $167,033 $633,694 $104,704
2022 $229,910 $154,009 $555,687 $75,901
2021 $364,461 $130,817 $507,705 $233,644
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