ICARE FOUNDATION (EIN 920993302) - 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

2023

Legal Domicile

Principal Officer

SHANNON M DEWEY

Phone

6012653070

Tax Period

2024-01-01 to 2024-12-31

ICARE FOUNDATION, founded in 2023, is a micro nonprofit in the Health Care sector that reported $18K in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12K, a strong 69% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE INCLUSION, CONNECTION, ADVOCACY, RESOURCES, AND EDUCAATION TO ALL IN THE COMMUNITY, AND TO IMPROVE THE LIVES OF THE FAMILIES OF THE EXCEPTIONALLY ABLED IN SOUTH CENTRAL MISSISSIPPI.

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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 $14,250

Program Service Revenue $3,749

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,670

Other Expenses $5,538

TOTAL EXPENSES $5,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,999	$11,314	+0.6%
Expenses	$5,538	$10,615	-0.5%
Net Income	$12,461	$699	+16.8%

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
SHANNON M DEWEY	PRESIDENT	15.00	Officer	$0	$0	$0
BRITTANY ARRINGTON	TREASURER	N/A	Officer	$0	$0	$0
CHRIS RUTTER	SECRETARY	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
2024	$17,999	$5,538	$13,160	$12,461
2023	$11,314	$10,615	$699	$699

ICARE FOUNDATION