IFTAS INC

EIN: 932011167 501(c)(3) Public & Societal Benefit

OSSINING, NY

Total Revenue
$384,375
Total Expenses
$24,436
Total Assets
$361,995
Net Assets
$359,939
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
DE
Principal Officer
JAZ-MICHAEL KING
Phone
9142004430
Tax Period
2023-06-01 to 2023-12-31

IFTAS INC, founded in 2023, is a small nonprofit in the Public & Societal Benefit sector that reported $384K in total revenue in fiscal year 2023. The organization ran a surplus of $360K, a strong 94% operating margin.

Mission

IFTAS IS COMMITTED TO FOSTERING A SAFER, MORE INCLUSIVE OPEN SOCIAL WEB BY EMPOWERING VOLUNTEER MODERATORS WITH THE TOOLS, RESOURCES, AND SUPPORT NECESSARY TO NAVIGATE THE COMPLEXITIES OF DIGITAL CONTENT MODERATION.

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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 $384,375
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $384,375

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,386
Other Expenses $24,436
TOTAL EXPENSES $24,436

Year-over-Year Comparison

2023 2022 Change
Revenue $384,375 N/A N/A
Expenses $24,436 N/A N/A
Net Income $359,939 $0 N/A
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
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAZ-MICHAEL KING EXECUTIVE DIRECTOR 40
Officer Director
$0 $0 $0
HAVONA MADAMA PRESIDENT 1
Officer Director
$0 $0 $0
DAMIEN MAR CHONG TREASURER 1
Officer Director
$0 $0 $0
MICHAEL HICKINS SECRETARY 1
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
2023 $384,375 $24,436 $361,995 $359,939
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