INVESTMENT DIVERSITY ADVISORY COUNCIL INC

EIN: 921373494 Community Improvement

NEW YORK, NY

Total Revenue
$762,628
Total Expenses
$436,799
Total Assets
$608,388
Net Assets
$605,788
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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
2022
Legal Domicile
DE
Principal Officer
SAM AUSTIN
Phone
2124963155
Tax Period
2023-01-01 to 2023-12-31

INVESTMENT DIVERSITY ADVISORY COUNCIL INC, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $763K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $326K, a strong 43% operating margin.

Mission

TO INCREASE DIVERSITY, EQUITY AND INCLUSION WITHIN THE ASSET MANAGEMENT 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $758,300
Investment Income $4,328
Other Revenue $0
TOTAL REVENUE $762,628

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $436,799
TOTAL EXPENSES $436,799

Year-over-Year Comparison

2023 2022 Change
Revenue $762,628 $521,990 +0.5%
Expenses $436,799 $242,031 +0.8%
Net Income $325,829 $279,959 +0.2%
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
15
Independent Members
15
Employees
N/A
Volunteers
17

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
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM AUSTIN CHAIR 5.00
Officer Director
$0 $0 $0
BILL BRAXTON CO-VICE CHAIR 5.00
Officer Director
$0 $0 $0
REGINALD SCANTLEBURY CO-VICE CHAIR 5.00
Officer Director
$0 $0 $0
JOE BLAIR TREASURER 5.00
Officer Director
$0 $0 $0
STEPHANIE ROBERTS SECRETARY 5.00
Officer Director
$0 $0 $0
ALEX WIGGINS BOARD MEMBER 5.00
Director
$0 $0 $0
ANGELA MILLER-MAY BOARD MEMBER 5.00
Director
$0 $0 $0
ANGELA OLDEN BOARD MEMBER (THROUGH 11/2023) 5.00
Director
$0 $0 $0
DEBORAH GALLEGOS BOARD MEMBER (THROUGH 11/2023) 5.00
Director
$0 $0 $0
ERICA SEREMETA BOARD MEMBER 5.00
Director
$0 $0 $0
GABRIEL RODRIGUEZ BOARD MEMBER 5.00
Director
$0 $0 $0
JONATHAN GLIDDEN BOARD MEMBER 5.00
Director
$0 $0 $0
LAUREN MATHIAS BOARD MEMBER 5.00
Director
$0 $0 $0
MACHEL ALLEN BOARD MEMBER 5.00
Director
$0 $0 $0
MINA PACHECO NAZEMI BOARD MEMBER 5.00
Director
$0 $0 $0
SAMANTHA GRANT BOARD MEMBER 5.00
Director
$0 $0 $0
TERI NOBLE BOARD MEMBER 5.00
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
2023 $762,628 $436,799 $608,388 $325,829
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