IGNITE CAPITAL INC (EIN 844893203) - 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

2020

Legal Domicile

Principal Officer

JAY NWACHU

Phone

4103714722

Tax Period

2024-07-01 to 2025-06-30

IGNITE CAPITAL INC, founded in 2020, is a small nonprofit that reported $765K in total revenue in fiscal year 2024. Revenue surged 170% from the prior year, signaling strong growth momentum. The organization ran a surplus of $325K, a strong 42% operating margin.

Mission

IGNITE CAPITAL IS A SOCIAL IMPACT FUND WITH THE MISSION TO 1) EMPOWER AND RESOURCE BALTIMORE SOCIAL ENTERPRISES IN ECONOMICALLY DISTRESSED COMMUNITIES, 2) SUPPORT THE OVERALL EFFORTS OF THESE SOCIAL ENTERPRISES TO ATTRACT FUTURE INVESTMENTS IN SUPPORT OF THEIR MISSION AND, 3) CONTRIBUTE TO ONGOING EFFORTS IN ENSURING BALTIMORE NEIGHBORHOODS ARE THRIVING SUSTAINABLY.

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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 $731,521

Program Service Revenue $0

Investment Income $33,787

Other Revenue $0

TOTAL REVENUE $765,308

Expense Breakdown

Grants Paid $53,550

Salaries & Benefits $180,640

Fundraising Expenses $33,000

Program Expenses $384,289

Other Expenses $181,206

TOTAL EXPENSES $440,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$765,308	$283,280	+1.7%
Expenses	$440,396	$199,751	+1.2%
Net Income	$324,912	$83,529	+2.9%

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

$169,009

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATTI CHANDLER	CHAIRMAN & TREASURER	4.00	Director	$0	$0	$0
MURRAY DALZIEL	SECRETARY	4.00	Director	$0	$0	$0
RICHARD MCGOWAN SJ	DIRECTOR	4.00	Director	$0	$0	$0
DAN RIZZO	DIRECTOR	4.00	Director	$0	$0	$0
BREE JONES	DIRECTOR	4.00	Director	$0	$0	$0
MARY ANN SCULLY	DIRECTOR	4.00	Director	$0	$0	$0
CARRIE MCKELLOGG	DIRECTOR	4.00	Director	$0	$0	$0
AL GOURRIER	DIRECTOR	4.00	Director	$0	$0	$0
DANIELLE TORAIN-VICTOR	DIRECTOR	4.00	Director	$0	$0	$0
JAY NWACHU	CEO	16.00	Officer	$0	$24,507	$169,009

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	$765,308	$440,396	$5,002,991	$324,912
2024	No data	No data	No data	No data
2023	$263,432	$326,646	$2,460,361	$-63,214
2022	$317,895	$209,587	$2,079,883	$108,308
2021	$387,747	$306,945	$988,673	$80,802
2020	$19,534	$5,636	$638,898	$13,898

IGNITE CAPITAL INC