David Iery Foundation
Nonprofit profile at a glance
- EIN
- 824826504
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024
- Location
- Vanceburg, KY, USA
- Phone
- 6067963785
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $25,731
- Expenses
- $31,645
- Assets
- $15,973
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- David Iery (President)
- Carol Cunningham (Vice President)
People named in this filing
- David Iery (President)
- Carol Cunningham (Vice President)
- Kathy Dillow (Finance Officer/Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To cure paralysis, educate youth about prevention and awareness of spinal cord injury by providing scholarships while serving the community
What it reported doing in 2024
The David Iery Foundation has given numerous scholarships to high school seniors who have demonstrated their education about spinal cord injury prevention and awareness through essays and sportsmanship conduct.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 65% for direct work, and 35% for grants.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 37
- Transparency & Controls: 82
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.7%; rating input score 40
- Program expense ratio: 32.3%; rating input score 32
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -23%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 43.4% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 9.2% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 1.8% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 39.7% of revenue deployed · 32.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $10K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
- Moderate — Financial Efficiency: Program expense ratio scored 32/100.
- High — Sustainability: Operating margin scored 21/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.