IDEA RELIEF FOUNDATION 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

2020

Legal Domicile

Principal Officer

WILL TOMLINSON

Phone

2424240913

Tax Period

2020-01-01 to 2020-12-31

IDEA RELIEF FOUNDATION INC, founded in 2020, is a small nonprofit that reported $985K in total revenue in fiscal year 2020. The organization ran a surplus of $297K, a strong 30% operating margin.

Mission

TO SERVE AS A MARINE DISASTER RESPONSE AND PREPARATION ORGANIZATION THAT USES LESSONS LEARNED DURING PREVIOUS DISASTERS TO LEAD THE COUNTRY IN DEVELOPING AND DOCUMENTING BEST PRACTICES FOR FUTURE DISASTER RESPONSE. WE ENDEAVOR TO CREATE A STRONG NETWORK OF PUBLIC AND PRIVATE PARTNERSHIPS TO ACHIEVE THIS GOAL.

Program Service Accomplishments

Program 1

Expenses: $667,270

WHEN THE COVID-19 PANDEMIC HIT, IDEA RELIEF WAS FORCED TO CONFRONT A MAJOR FOOD CRISIS IN ABACO AS THOSE RESIDENTS ALREADY STRUGGLING TO RECOVER FROM HURRICANE DORIAN AND MANY WERE WITHOUT JOBS. THE PANDEMIC EXACERBATED THIS CRISIS BE EFFECTIVELY SHUTTING DOWN TOURISM, THE ISLANDS NUMBER ONE INDUSTRY. IN A UNIQUE PUBLIC-PRIVATE PARTNERSHIP WITH THE BAHAMIAN GOVERNMENT, IDEA RELIEF IMPLEMENTED A YEAR-LONG FOOD DISTRIBUTION PROGRAM WHICH IMPACTED AN AVERAGE OF 12,000 ABACONIANS PER WEEK (PEAKING AT 16,000). AS THE ZONE LEADERS FOR ABACO, IDEA RELIEF WAS RESPONSIBLE FOR MANAGING A FIVE-MILLION-DOLLAR BUDGET FOR THIS PROGRAM.

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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 (2020)

Revenue Breakdown

Contributions & Grants $985,325

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $985,325

Expense Breakdown

Grants Paid $130,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $667,270

Other Expenses $558,157

TOTAL EXPENSES $688,157

Year-over-Year Comparison

	2020	2019	Change
Revenue	$985,325	N/A	N/A
Expenses	$688,157	N/A	N/A
Net Income	$297,168	N/A	N/A

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
SCOTT ARANHA	SECRETARY	10.00	Officer	$0	$0	$0
MICHAEL MYATT	TREASURER	10.00	Officer	$0	$0	$0
WILL TOMLINSON	PRESIDENT	40.00	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
2020	$985,325	$688,157	$308,713	$297,168