Ivas Place

Ivas Place shows fluctuating financial performance with periods of both surplus and deficit, consistently reporting no officer compensation.

EIN: 204070074 · Lenoir City, TN · NTEE: P50 · Updated: 2026-03-28

$453KRevenue

$1.5MAssets

80/100Mission Score (Excellent)

P50

About Ivas Place

Ivas Place (EIN: 204070074) is a nonprofit organization based in Lenoir City, TN, classified under NTEE code P50. The organization reported total revenue of $453K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ivas Place's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Ivas Place demonstrates a mixed financial picture with fluctuating revenues and expenses over the past several years. While the organization consistently reports 0% officer compensation, indicating good transparency regarding executive pay, its financial stability has varied. For instance, in 2024, expenses ($489,152) exceeded revenue ($414,450), leading to a deficit. Conversely, in 2023, revenue ($964,539) significantly outpaced expenses ($434,331), suggesting a strong surplus. The organization's assets have generally grown, reaching $1,583,271 in 2024, which provides some financial cushion. However, the consistent reporting of 0% officer compensation across all available filings is a positive indicator of transparency and a focus on directing funds towards the mission rather than high executive salaries.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ivas Place with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Ivas Place allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Ivas Place consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a strong commitment to directing financial resources towards its programs rather than executive pay, which is commendable for an organization of its size with assets over $1.5 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Ivas Place's IRS 990 filings:

Inconsistent operational surpluses, with expenses exceeding revenue in some recent years (e.g., 2024, 2022, 2020).

Strengths

The following positive indicators were identified for Ivas Place:

Consistent reporting of 0% officer compensation, indicating strong financial stewardship regarding executive pay.
General growth in assets over the long term, providing a stronger financial foundation.
Significant revenue generation in some periods (e.g., $964,539 in 2023) demonstrates fundraising capacity.

Frequently Asked Questions about Ivas Place

Is Ivas Place financially stable?

Ivas Place's financial stability appears to fluctuate. While it had a significant surplus in 2023 (revenue $964,539 vs. expenses $434,331), it experienced a deficit in 2024 (revenue $414,450 vs. expenses $489,152). Its assets have generally increased, providing some buffer, but consistent operational surpluses are not evident.

How does Ivas Place manage executive compensation?

Ivas Place reports 0% officer compensation in all available IRS 990 filings, meaning no salaries are paid to its officers. This is a strong indicator of efficient use of funds and a focus on program delivery.

What is the trend in Ivas Place's revenue and expenses?

Revenue and expenses for Ivas Place have been inconsistent. Revenue peaked in 2023 at $964,539, but dropped to $414,450 in 2024. Expenses have generally been in the range of $400,000-$500,000 in recent years, with a notable increase in 2024 to $489,152.

Are Ivas Place's assets growing?

Yes, Ivas Place's assets have shown a general upward trend, increasing from $1,006,667 in 2014 to $1,583,271 in 2024, indicating growth in its financial base.

Filing History

IRS 990 filing history for Ivas Place showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2024), Ivas Place's revenue has grown by 53.4%, moving from $270K to $414K. Total assets increased by 130.3% over the same period, from $688K to $1.6M. Total functional expenses rose by 136%, from $207K to $489K. In its most recent filing year (2024), Ivas Place reported a deficit of $75K, with expenses exceeding revenue. The organization holds $609K in liabilities against $1.6M in assets (debt-to-asset ratio: 38.5%), resulting in net assets of $974K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$414K	$489K	$1.6M	$609K	—	—
2023	$965K	$434K	$1.7M	$608K	—	View 990
2022	$394K	$430K	$1.2M	$704K	—	View 990
2021	$481K	$408K	$1.2M	$720K	—	View 990
2020	$366K	$413K	$1.1M	$768K	—	View 990
2019	$423K	$345K	$1.2M	$757K	—	View 990
2018	$296K	$290K	$1.2M	$765K	—	View 990
2017	$268K	$299K	$1.1M	$779K	—	View 990
2015	$230K	$251K	$1.2M	$808K	—	View 990
2014	$199K	$203K	$1.0M	$601K	—	View 990
2013	$199K	$155K	$730K	$439K	—	View 990
2012	$193K	$166K	$777K	$202K	—	View 990
2011	$270K	$207K	$688K	$396K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $414K, expenses of $489K, and assets of $1.6M (revenue -57.0% year-over-year).
2023: Revenue of $965K, expenses of $434K, and assets of $1.7M (revenue +145.0% year-over-year).
2022: Revenue of $394K, expenses of $430K, and assets of $1.2M (revenue -18.2% year-over-year).
2021: Revenue of $481K, expenses of $408K, and assets of $1.2M (revenue +31.6% year-over-year).
2020: Revenue of $366K, expenses of $413K, and assets of $1.1M (revenue -13.6% year-over-year).
2019: Revenue of $423K, expenses of $345K, and assets of $1.2M (revenue +43.0% year-over-year).
2018: Revenue of $296K, expenses of $290K, and assets of $1.2M (revenue +10.6% year-over-year).
2017: Revenue of $268K, expenses of $299K, and assets of $1.1M (revenue +16.6% year-over-year).
2015: Revenue of $230K, expenses of $251K, and assets of $1.2M (revenue +15.5% year-over-year).
2014: Revenue of $199K, expenses of $203K, and assets of $1.0M (revenue -0.4% year-over-year).
2013: Revenue of $199K, expenses of $155K, and assets of $730K (revenue +3.2% year-over-year).
2012: Revenue of $193K, expenses of $166K, and assets of $777K (revenue -28.4% year-over-year).
2011: Revenue of $270K, expenses of $207K, and assets of $688K.

Data Sources and Methodology

This transparency report for Ivas Place is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.