I CAN FOUNDATION (EIN 863036723) - 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

Legal Domicile

Principal Officer

SEAN RAYMOND IVES

Phone

7542076216

Tax Period

2025-01-01 to 2025-12-31

I CAN FOUNDATION is a micro nonprofit in the Youth Development sector that reported $56K in total revenue in fiscal year 2025. Expenses of $63K exceeded revenue, resulting in a 13% operating deficit.

Mission

EMPOWER AGED-OUT FOSTER CHILDREN AND UNDERPRIVILEDGED YOUTH THROUGH SAILING. THROUGH OUR PROGRAMS, SAILING YACHT WISDOM AND ROBIN'S TENT, WE PROVIDE YOUNG ADULTS WITH THE TOOLS, CONFIDENCE, AND SUPPORT TO CREATE ANY FUTURE TEY CAN POSSIBLY IMAGINE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $56,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $56,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,101

Fundraising Expenses $0

Program Expenses $57,981

Other Expenses $32,214

TOTAL EXPENSES $63,315

Year-over-Year Comparison

	2025	2024	Change
Revenue	$56,000	$54,000	+0.0%
Expenses	$63,315	$51,764	+0.2%
Net Income	$-7,315	$2,236	-4.3%

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
JOHN CELMAR	SECRETARY/TR	N/A	Officer	$0	$0	$0
SEAN RAYMOND IVES	PRESIDENT	N/A	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
2025	$56,000	$63,315	$1,712	$-7,315
2024	$54,000	$51,764	$9,027	$2,236
2023	$15,017	$29,252	$6,791	$-14,235
2022	$-52,797	$1,108,301	$21,026	$-1,161,098
2021	$2,099,156	$866,211	$1,232,945	$1,232,945

I CAN FOUNDATION