OREGON INNOVATION FOUNDATION (EIN 200072527) - 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

2003

Legal Domicile

Principal Officer

DWAYNE JOHNSON

Phone

9712177396

Tax Period

2024-01-01 to 2024-12-31

OREGON INNOVATION FOUNDATION, founded in 2003, is a micro nonprofit in the Science & Technology sector that reported $35K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 111% operating deficit.

Mission

To ignite and amplify a culture of creative problem solving and empower the next generation of innovators to meet some of the biggest challenges facing our state.

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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 (2024)

Revenue Breakdown

Contributions & Grants $35,350

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $35,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,400

Fundraising Expenses $5,420

Program Expenses $58,079

Other Expenses $24,115

TOTAL EXPENSES $74,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,350	$168,326	-0.8%
Expenses	$74,515	$83,544	-0.1%
Net Income	$-39,165	$84,782	-1.5%

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

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

$50,400

Total Directors

$50,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWAYNE JOHNSON	Chairman	16.00	Officer Director	$50,400	$0	$50,400
MIKE WHITE	Treasurer/SEC	0.75	Officer Director	$0	$0	$0
CASEY PEARLMAN	Director	0.50	Director	$0	$0	$0
WILF PENFOLD	Director	0.75	Director	$0	$0	$0
MICHELLE SOARES	Director	0.50	Director	$0	$0	$0
JERRY WALKER	Director	0.50	Director	$0	$0	$0

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	$35,350	$74,515	$25,825	$-39,165
2023	$168,326	$83,544	$86,490	$84,782
2022	No data	$4,243	$1,708	No data
2019	$94,073	$225,613	$15,607	$-131,540
2018	$236,259	$139,273	$142,499	$96,986

OREGON INNOVATION FOUNDATION