ICON360 INC

EIN: 851063640 501(c)(3)

BROOKLYN, NY

Total Revenue
$698,798
Total Expenses
$818,216
Total Assets
$261,267
Net Assets
$-42,833
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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
TN
Phone
9013352361
Tax Period
2022-01-01 to 2022-12-31

ICON360 INC, founded in 2020, is a small nonprofit that reported $699K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $818K exceeded revenue, resulting in a 17% operating deficit.

Mission

ICON360'S MISSION IS TO PROVIDE FINANCIAL RESOURCES AND INDUSTRY CONNECTIONS FOR HBCUS AND MARGINALIZED DESGINERS OF COLOR TO ACHIEVE SUSTAINABLE GROWTH IN THE FASHION INDUSTRY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $698,798
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $698,798

Expense Breakdown

Grants Paid $540,000
Salaries & Benefits $0
Fundraising Expenses $86,593
Program Expenses $639,853
Other Expenses $278,216
TOTAL EXPENSES $818,216

Year-over-Year Comparison

2022 2021 Change
Revenue $698,798 $848,000 -0.2%
Expenses $818,216 $787,620 +0.0%
Net Income $-119,418 $60,380 -3.0%
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
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDICE DANIEL President 2.50
Officer Director
$0 $0 $0
TAMARA WOLLISTON Treasurer 1.00
Officer Director
$0 $0 $0
KIMBERLY PERRY Secretary 1.00
Officer 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 No data No data No data No data
2022 $698,798 $818,216 $261,267 $-119,418
2021 $848,000 $787,620 $99,085 $60,380
2020 $1,041,200 $1,024,995 $16,205 $16,205
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