INNOVATION QUARTER (EIN 061818498) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

TERRY L HALES JR

Phone

3367164445

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

TO DEVELOP/MANAGE A RESEARCH PARK TO PROVIDE RESEARCH SPACE AND REVITALIZE DOWNTOWN WINSTON-SALEM.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $68,714

Investment Income $0

Other Revenue $0

TOTAL REVENUE $68,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $890,750

Fundraising Expenses $0

Program Expenses $2,771,489

Other Expenses $2,065,220

TOTAL EXPENSES $2,955,970

Year-over-Year Comparison

	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%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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

$4,803,545

Total Directors

$4,803,545

Key Employees

Highest Compensated

reported

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

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
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

INNOVATION QUARTER