WAKE FOREST INNOVATION QUARTER CDC (EIN 200177581) - 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

TERRY L HALES JR

Phone

3367164445

Tax Period

2023-01-01 to 2023-12-31

WAKE FOREST INNOVATION QUARTER CDC, founded in 2003, is a micro nonprofit in the Community Improvement sector that reported $75K in total revenue in fiscal year 2023. The organization ran a surplus of $64K, a strong 86% operating margin.

Mission

TO DEVELOP AND IMPROVE A LOW-INCOME COMMUNITY IN DOWNTOWN WINSTON-SALEM, NC AND ENGAGE IN ECONOMIC AND RELATED DEVELOPMENT OF A RESEARCH PARK

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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 $0

Investment Income $240

Other Revenue $75,000

TOTAL REVENUE $75,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,771

Other Expenses $10,771

TOTAL EXPENSES $10,771

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,240	$75,036	+0.0%
Expenses	$10,771	$358	+29.1%
Net Income	$64,469	$74,678	-0.1%

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

$4,803,545

Total Directors

$3,742,200

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, VP & TREASURER	2.00	Officer Director	$983,574	$35,934	$1,019,508
TERRY L HALES JR	DIRECTOR & PRESIDENT	2.00	Officer Director	$0	$56,067	$923,316
J REID MORGAN	SECRETARY (TO 6/30/23)	2.00	Officer	$0	$108,874	$799,445
ANITA CONRAD	ASST SECRETARY (TO 10/31/23)	2.00	Officer	$0	$42,998	$261,900
ALLEN JOINES	DIRECTOR	1.00	Director	$0	$0	$0
C DOUGLAS MAYNARD MD	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$75,240	$10,771	$30,493,666	$64,469
2022	$75,036	$358	$30,504,197	$74,678
2021	$3	$28,352	$30,504,519	$-28,349
2021	$75,181	$74,394	$30,537,629	$787
2020	$75,582	$35,545	$30,607,081	$40,037
2019	$75,397	$48,201	$30,642,229	$27,196
2018	$216,186	$11,995	$30,767,902	$204,191

WAKE FOREST INNOVATION QUARTER CDC