IPC EDUCATION FOUNDATION (EIN 831444757) - 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

JOHN MITCHELL

Phone

8475972883

Tax Period

2024-01-01 to 2024-12-31

IPC EDUCATION FOUNDATION, founded in 2017, is a micro nonprofit in the Education sector that reported $39K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $443K exceeded revenue, resulting in a 1034% operating deficit.

Mission

SUPPORT THE IMPROVEMENT AND DISSEMINATION OF KNOWLEDGE IN THE FIELD OF ELECTRONICS THROUGH

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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 $35,123

Program Service Revenue $3,924

Investment Income $0

Other Revenue $0

TOTAL REVENUE $39,047

Expense Breakdown

Grants Paid $71,500

Salaries & Benefits $347,214

Fundraising Expenses $0

Program Expenses $405,612

Other Expenses $23,982

TOTAL EXPENSES $442,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,047	$284,283	-0.9%
Expenses	$442,696	$608,773	-0.3%
Net Income	$-403,649	$-324,490	+0.2%

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

230

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

$3,269,936

Total Directors

$3,743,593

Key Employees

$217,789

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MITCHELL	PRESIDENT	0.50	Officer Director	$0	$129,837	$2,796,945
TOM SANDMAN	CFO/SECRETARY/TREASURER	0.50	Officer Director	$0	$63,998	$472,991
JOE O'NEIL	CHAIR	0.50	Officer Director	$0	$0	$0
DAVID HERNANDEZ	VP CERTIFICATION & EDUCATION/DIRECTOR	0.50	Director	$0	$72,050	$473,657
CHARLENE GUNTER	SR. DIRECTOR OF EDUCATION	40.00	Key Emp	$173,604	$44,185	$217,789

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	$39,047	$442,696	$792,526	$-403,649
2023	$284,283	$608,773	$877,102	$-324,490
2022	$279,478	$598,931	$674,474	$-319,453
2021	$257,375	$479,641	$661,192	$-222,266
2020	$24,097	$498,875	$472,817	$-474,778
2019	$402,727	$772,478	$583,651	$-369,751

IPC EDUCATION FOUNDATION