I'm glad I did NOT apply any solvent or liquid on the inside of this IAC valve.
After I cleaned some of the carbon off with only a dry Q-tip, I noticed it looks like there one piece (attached to spring) that is made of some kind of phenolic material. The cover is also made from what appears to be some type of phenolic.
I cleaned the 2 nipples with a tiny wire brush and my Dremel tool.
The old gasket is still intact, so I will just apply a very thin coat of Ultra Black.
I'm not sure what level of functionality it has at this point, but I will re-install it a see.
I ordered my 4 hoses and new clamps from 22RE Performance and should be able to get this re-installed by Saturday morning.