INNOVATION NETWORK FOR COMMUNITIES INC (EIN 205097409) - 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

JOHN CLEVELAND

Phone

6162409751

Tax Period

2023-01-01 to 2023-12-31

INNOVATION NETWORK FOR COMMUNITIES INC, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

DEVELOP AND SPREAD SOCIAL INNOVATIONS THAT TRANSFORM THE PERFOMANCE OF COMMUNITY SYSTEMS

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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 $2,887,610

Program Service Revenue $261,372

Investment Income $42,421

Other Revenue $0

TOTAL REVENUE $3,191,403

Expense Breakdown

Grants Paid $2,903

Salaries & Benefits $1,391,148

Fundraising Expenses $0

Program Expenses $3,195,624

Other Expenses $2,013,678

TOTAL EXPENSES $3,407,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,191,403	$3,719,004	-0.1%
Expenses	$3,407,729	$3,783,194	-0.1%
Net Income	$-216,326	$-64,190	+2.4%

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

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

$315,200

Total Directors

$406,200

Key Employees

$159,330

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHINWE ONYEAGORO	DIRECTOR	1.00	Director	$0	$0	$0
PETER PLASTRIK	DIRECTOR	20.00	Director	$91,000	$0	$91,000
JOHN CLEVELAND	CHAIRMAN	40.00	Officer Director	$315,200	$0	$315,200
RICHARD ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JUAN OLIVAREZ	DIRECTOR	1.00	Director	$0	$0	$0
KEITH COOLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET TRIMER-HARTLEY	DIRECTOR	1.00	Director	$0	$0	$0
ALVARO LIMA	TREASURER	1.00	Officer Director	$0	$0	$0
JANET TOPOLSKY	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNA TATUM	EMPLOYEE	40.00	Key Emp	$150,083	$9,247	$159,330
ADAM CHAPDELAINE	EMPLOYEE	40.00	Highest	$116,875	$0	$116,875
CATHERINE CAMPBELL-ORROCK	EMPLOYEE	40.00	Highest	$119,106	$4,805	$123,911
DANIELLE MAKOUS	EMPLOYEE	40.00	Highest	$109,689	$3,017	$112,706
MATTHEW VASILAKIS	EMPLOYEE	40.00	Highest	$142,083	$6,538	$148,621

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	$3,191,403	$3,407,729	$2,299,862	$-216,326
2022	$3,719,004	$3,783,194	$2,546,289	$-64,190
2021	$4,286,946	$2,684,651	$2,636,975	$1,602,295
2020	$2,076,638	$2,921,510	$903,577	$-844,872
2019	$2,598,407	$2,881,944	$1,775,691	$-283,537
2018	$3,238,339	$2,353,110	$2,082,964	$885,229

INNOVATION NETWORK FOR COMMUNITIES INC