INNOVATION NETWORK FOR COMMUNITIES… - Form 990 Financial Data

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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

THE ORGANIZATION WORKS WITH VARIOUS MUNICIPALITIES AND FOUNDATIONS TO DEVELOP AND SPREAD SOCIAL INNOVATIONS THAT TRANSFORM AND IMPROVE THE PERFOMANCE OF COMMUNITY SYSTEMS INCLUDING HELPING CITIES ACHIEVE CARBON NEUTRALITY AND LONG-TERM RESILIENCE TO CLIMATE DISRUPTIONS AS WELL AS ASSISTING WITH WORKFORCE DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $1,291,477

INC STAFFS THE BOSTON GREEN RIBBON COMMISSION. THE MISSION OF THE GREEN RIBBON COMMISSION (GRC) IS TO CONVENE LEADERS FROM BOSTON'S KEY SECTORS * BUSINESS, EDUCATION, HEALTH CARE, CIVIC SOCIETY...

INC STAFFS THE BOSTON GREEN RIBBON COMMISSION. THE MISSION OF THE GREEN RIBBON COMMISSION (GRC) IS TO CONVENE LEADERS FROM BOSTON'S KEY SECTORS * BUSINESS, EDUCATION, HEALTH CARE, CIVIC SOCIETY, FINANCE, REAL ESTATE, PROFESSIONAL SERVICES, TOURISM AND OTHERS TO SUPPORT THE OUTCOMES OF THE CITY'S CLIMATE ACTION PLAN. THE CLIMATE ACTION PLAN HAS TWO PRIMARY GOALS:*ACHIEVE CARBON NEUTRALITY BY 2050*PREPARE THE CITY FOR CLIMATE CHANGES (SUCH AS SEA LEVEL RISE, EXTREME HEAT, AND EXTREME STORMS)THE COMMISSION PLAYS THREE IMPORTANT ROLES IN ADVANCING THE REGIONAL VISION FOR CLIMATE ACTION:*ADVISE THE CITY ON THE IMPLEMENTATION OF ITS CLIMATE ACTION PLAN.*ENGAGE SECTOR LEADERSHIP IN ALIGNING THEIR ASSETS AND INITIATIVES TO SUPPORT THE PLAN OUTCOMES.*HIGHLIGHT AND PROMOTE BEST PRACTICE EXAMPLES WITHIN AND ACROSS SECTORS THAT ADVANCE THE CLIMATE ACTION PLAN GOALS.

Program 2

Expenses: $1,277,733 Revenue: $188,520

INC SERVES AS THE PROJECT INCUBATOR FOR THE BUILDING ELECTRIFICATION INSTITUTE (BEI). THROUGH THIS INITIATIVE, BEI EQUIPS CITIES ACROSS NORTH AMERICA WITH THE KNOWLEDGE, TOOLS, AND RESOURCES THEY...

INC SERVES AS THE PROJECT INCUBATOR FOR THE BUILDING ELECTRIFICATION INSTITUTE (BEI). THROUGH THIS INITIATIVE, BEI EQUIPS CITIES ACROSS NORTH AMERICA WITH THE KNOWLEDGE, TOOLS, AND RESOURCES THEY NEED TO IMPLEMENT STRATEGIES TO ACCELERATE THE TRANSITION OF BUILDING HEATING, COOLING, AND HOT WATER SYSTEMS AWAY FROM FOSSIL FUELS AND TOWARD HIGH EFFICIENCY ELECTRIC OPTIONS. THEY DO THIS BY WORKING WITH NETWORKS OF CITIES TO IMPLEMENT NEW PROGRAMS AND POLICIES THAT SIMULTANEOUSLY CREATE LOCAL AND REGIONAL DEMAND FOR HEAT PUMP TECHNOLOGIES WHILE ALSO BUILDING AN INCLUSIVE SUPPLY CHAIN WITH QUALIFIED INSTALLERS. THE PROJECT ALSO WORKS WITH CITIES TO ADVOCATE FOR THE BROADER SUITE OF STATE, REGIONAL, AND FEDERAL POLICIES THAT WILL BE NECESSARY TO REQUIRE THE TRANSITION AWAY FROM FOSSIL FUELS.

Program 3

Expenses: $378,321

THE CLIMATE BEACON PROJECT'S FOCUS IS ON CREATING NEW PROGRAMMING AND ENRICHMENT PLATFORMS WITH A GOAL OF ELEVATING A DIVERSE SET OF CONSTITUENCIES' UNDERSTANDING OF SOLUTIONS TO SOCIETAL CHALLENGES PRESENTED BY CLIMATE CHANGE. THE ORGANIZATION AIMS TO CREATE PROGRAMS THAT ENCOURAGE THE TRANSFER OF KNOWLEDGE AND THE CREATION OF TANGIBLE PARTNERSHIPS TOWARD THE SUCCESSFUL IMPLEMENTATION OF SOLUTIONS TO SPECIFIC CHALLENGES BY BUILDING A PLATFORM FOR PRODUCTIVE PARTNERSHIPS THAT CHALLENGE INERTIA AND MAKE REAL PROGRESS TOWARDS A POSITIVE CLIMATE FUTURE AND BRINGING EXPERTS AND LEADERS TOGETHER TO SHARE IDEAS ACROSS SECTORS, EXPAND THE COLLECTIVE KNOWLEDGE BASE, AND CELEBRATE PROVEN, SCALABLE SOLUTIONS AT HOME AND AROUND THE WORLD.

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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