IFCMA INC

EIN: 854007596 501(c)(3) Recreation & Sports

GAITHERSBURG, MD

Total Revenue
$67,327
Total Expenses
$73,609
Total Assets
$25,410
Net Assets
$25,410
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MD
Principal Officer
NICOLA LESCHACK
Phone
2404245726
Tax Period
2024-01-01 to 2024-12-31

IFCMA INC, founded in 2020, is a micro nonprofit in the Recreation & Sports sector that reported $67K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

IFCMA TEACHES STUDENTS AGED 6 TO 75+ TAI CHI, MARTIAL ARTS AND KICKBOXING DESIGNED TO PROMOTE THE STUDENTS' PHYSICAL, MIND, AND SPIRITUAL STRENGTH SAFE, POSITIVE AND RESPECTFUL ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $62,892 Revenue: $67,327

IRON FIST CHINESE MARTIAL ARTS' (IFCMA'S) MARTIAL ARTS AND KICKBOXING CLASSES PROVIDE SPECIALIZED TRAINING METHODS TO TEENS AND ADULTS THAT BUILD THEIR PHYSICAL STRENGTH AND INSTILL A SPECIAL MENTAL...

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IRON FIST CHINESE MARTIAL ARTS' (IFCMA'S) MARTIAL ARTS AND KICKBOXING CLASSES PROVIDE SPECIALIZED TRAINING METHODS TO TEENS AND ADULTS THAT BUILD THEIR PHYSICAL STRENGTH AND INSTILL A SPECIAL MENTAL DISCIPLINE MEANT TO STRENGTHEN THEIR SPIRITS AND DEVELOP THEIR ABILITY TO DEAL WITH CONFRONTATIONS UNDER INTENSE STRESS. CLASSES ARE CONDUCTED IN A SAFE, POSITIVE AND RESPECTFUL ENVIRONMENT. TAI CHI CLASSES ARE DESIGNED TO HELP STUDENTS FOCUS ON MOVING IN A SLOW, GENTLE AND RELAXED PACE TO 1) REDUCE PAIN LEVELS AND PREVENT INJURY, 2) IMPROVE DISCIPLINE AND FOCUS, 3) PROMOTE FUNCTIONAL STRENGTH FOR EVERYDAY LIFE.

Program 2

4) BOOST MOBILITY AND BODY CONTROL. IFCMA HAS ESTABLISHED A SCHOLARSHIP PROGRAM THAT REDUCES MEMBERSHIP RATES FOR LOW-INCOME HOUSEHOLDS. THIS INITIATIVE ENSURES THAT ALL CHILDREN AND FAMILIES HAVE...

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4) BOOST MOBILITY AND BODY CONTROL. IFCMA HAS ESTABLISHED A SCHOLARSHIP PROGRAM THAT REDUCES MEMBERSHIP RATES FOR LOW-INCOME HOUSEHOLDS. THIS INITIATIVE ENSURES THAT ALL CHILDREN AND FAMILIES HAVE ACCESS TO THE PHYSICAL, MENTAL AND SOCIAL BENEFITS OF MARTIAL ARTS TRAINING, REGARDLESS OF THEIR FINANCIAL SITUATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $67,327
Investment Income $0
Other Revenue $0
TOTAL REVENUE $67,327

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $62,892
Other Expenses $73,609
TOTAL EXPENSES $73,609

Year-over-Year Comparison

2024 2023 Change
Revenue $67,327 $79,644 -0.2%
Expenses $73,609 $69,011 +0.1%
Net Income $-6,282 $10,633 -1.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
2

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLA LESCHACK CEO 10.00
Officer
$0 $0 $0
RICHARD BENASSI CFO 20.00
Officer
$0 $0 $0
CHRIS LESCHACK OFFICER 15.00
Officer
$0 $0 $0
KENNY LEW OFFICER 10.00
Officer
$0 $0 $0
JR BROWN OFFICER 10.00
Officer
$0 $0 $0
GABE CHANG OFFICER 10.00
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 $67,327 $73,609 $25,410 $-6,282
2023 $79,644 $69,011 $31,693 $10,633
2022 $83,653 $69,080 $21,568 $14,573
2021 $52,648 $46,161 $6,996 $6,487
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