Island Community House Inc

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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

Tax Period

2023-01-01 to 2023-12-31

Island Community House Inc, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $145K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $173K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE AN ACCESSIBLE SPACE WHERE CHINCOTEAGUE RESIDENTS OF ALL AGES CAN GATHER FOR PROGRAMS TO FULFILL THEIR NEED FOR SOCIAL, EMOTIONAL, PHYSICAL, AND INTELLECTURAL ENRICHMENT.

Program Service Accomplishments

Program 1

Expenses: $144,348 Revenue: $119,065

GENERAL, ONGOING PROGRAMMING - COMMUNITY PROGRAMMING FOR RESIDENTS

Program 2

Expenses: $29,014 Revenue: $22,093

VILLAGE NEIGHBORS - VOLUNTEERS PROVIDING HELP AND SOCIALIZATION FOR SENIORS IN CHINCOTEAGUE,VA.

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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 $119,330

Program Service Revenue $5,689

Investment Income $0

Other Revenue $19,639

TOTAL REVENUE $144,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,014

Fundraising Expenses $0

Program Expenses $173,362

Other Expenses $56,348

TOTAL EXPENSES $173,362

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,658	$803,468	-0.8%
Expenses	$173,362	$251,330	-0.3%
Net Income	$-28,704	$552,138	-1.1%

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

Volunteers

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

$65,960

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE OSHEA	EXECUTIVE DIRECTOR	0.00	Key Emp	$65,960	$0	$65,960
HANK TERHUNE	DIRECTOR	1.00	Director	$0	$0	$0
JOAN SELBY	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN GREEN	TREASURER	1.00	Officer	$0	$0	$0
DANA CONKLIN	CHAIRPERSON	1.00	Officer	$0	$0	$0
PETER LUKACS	VICE CHAIRPERSON	1.00	Officer	$0	$0	$0
REGENA HAUGH	SECRETARY	1.00	Officer	$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	No data	No data	No data	No data
2023	$144,658	$173,362	$464,438	$-28,704
2022	$803,468	$322,078	$491,423	$481,390