WINSTONSALEM, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INNOVATION QUARTER, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $69K in total revenue in fiscal year 2023. Expenses of $3.0M exceeded revenue, resulting in a 4202% operating deficit.
TO SERVE AS THE UMBRELLA ORGANIZATION OF THE WAKE FOREST UNIVERSITY HEALTH SCIENCES (WFUHS) AFFILIATED RESEARCH PARK ENTITIES, OVERSEEING ALL WFUHS ACTIVITIES INVOLVING THE WAKE FOREST INNOVATION QUARTER, INCLUDING LAND ACQUISITION, MASTER PLANNING, AND PARK DEVELOPMENT.
OVERSIGHT OF ALL WAKE FOREST UNIVERSITY HEALTH SCIENCES (WFUHS) ACTIVITIES INVOLVING THE WAKE FOREST INNOVATION QUARTER, INCLUDING LAND ACQUISITION, MASTER PLANNING, AND PARK DEVELOPMENT SUCH AS...
OVERSIGHT OF ALL WAKE FOREST UNIVERSITY HEALTH SCIENCES (WFUHS) ACTIVITIES INVOLVING THE WAKE FOREST INNOVATION QUARTER, INCLUDING LAND ACQUISITION, MASTER PLANNING, AND PARK DEVELOPMENT SUCH AS INFRASTRUCTURE, RECRUITING, ETC., AND TO COORDINATE THE EFFORTS OF ALL WFUHS AFFILIATED RESEARCH PARK ENTITIES, INCLUDING WAKE FOREST INNOVATION QUARTER CDC. THE ORGANIZATION WILL PROVIDE AN ADDITIONAL CAMPUS FOR THE LONG-TERM RESEARCH SPACE NEEDS OF WFUHS AND UNDERTAKE REVITALIZATION AND REDEVELOPMENT EFFORTS OF THE CENTER-CITY AREA OF WINSTON-SALEM.THE ORGANIZATION MAINTAINS THE LONG BRANCH TRAIL, A 1.7 MILE NETWORK OF GREENWAY TRAILS FOR WALKING, RUNNING, AND BIKING THAT RUNS THROUGH INNOVATION QUARTER. THE TRAIL WAS BUILT THROUGH COLLABORATION AMONG THE FILING ORGANIZATION, ITS AFFILIATES, THE CITY OF WINSTON SALEM, THE NORTH CAROLINA DEPARTMENT OF TRANSPORTATION, AND THE NORTH CAROLINA DEPARTMENT OF TRANSPORTATION - RAIL DIVISION. DURING CY23, THE ORGANIZATION PROVIDED FREE COMMUNITY PROGRAMS HOSTED AT BAILEY PARK, WHICH OFFERS A STAGE, LAWN, AND FOOD TRUCK COURT TO ACCOMMODATE LARGE GATHERINGS:- INNOVATION & CINEMA (COMMUNITY FILM SERIES);- SUNSET SALUTATIONS IN BAILEY PARK (COMMUNITY YOGA SERIES);- FITNESS FRIDAYS (FITNESS SERIES IN PARTNERSHIP WITH F45 WINSTON-SALEM); - FOOD TRUCK FRIDAYS (MONTHLY MAY THROUGH NOVEMBER); AND- JUNETEENTH FESTIVAL
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $68,714 | N/A | N/A |
| Expenses | $2,955,970 | $2,788,694 | +0.1% |
| Net Income | $-2,887,256 | $-2,788,694 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SUSAN R WENTE PHD | DIRECTOR & CHAIR | 1.00 |
Officer
Director
|
$0 | $325,680 | $1,799,376 |
| J MCLAIN WALLACE JR | DIRECTOR & TREASURER | 0.50 |
Officer
Director
|
$983,574 | $35,934 | $1,019,508 |
| J REID MORGAN | DIRECTOR & SECRETARY (TO 6/30/23) | 0.50 |
Officer
Director
|
$0 | $108,874 | $799,445 |
| ANITA CONRAD | ASST SECRETARY (TO 10/31/23) | 1.00 |
Officer
Director
|
$0 | $42,998 | $261,900 |
| TERRY L HALES JR | DIRECTOR & PRESIDENT | 2.00 |
Officer
Director
|
$0 | $56,067 | $923,316 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $68,714 | $2,955,970 | $87,638 | $-2,887,256 |
| 2022 | No data | $2,788,694 | $81,245 | No data |
| 2021 | No data | $2,360,349 | $76,176 | No data |
| 2021 | No data | $2,424,250 | $65,618 | No data |
| 2020 | No data | $1,678,229 | $361,624 | No data |
| 2019 | $1,000 | $1,318,221 | $106,891 | $-1,317,221 |
| 2018 | $1,000 | $1,109,588 | $373,205 | $-1,108,588 |
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