NEWARK, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EDISON INNOVATION FOUNDATION, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $940K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $256K, a strong 27% operating margin.
TO PRESERVE AND PROMOTE THE HISTORICAL FACILITIES AND PAPERS OF THOMAS EDISON WHERE AND IN WHICH HE INVENTED THE PRODUCTS THAT SHAPED THE MODERN WORLD;TO BENEFIT ALL STUDENTS PROVIDING THE NECESSARY SKILLS TO PURSUE CAREERS IN SCIENCE AND TECHNOLOGY.
PROGRAM SERVICE ACCOMPLISHMENTSPLEASE SEE ATTACHMENT
EIF'S PRIMARY GOAL IS TO RAISE $90 MILLION FOR THE RESTORATION AND UPKEEP OF EDISON'S LEGACY THROUGHOUT AMERICA. ON OCTOBER 9TH, 2009, THE LEGENDARY EDISON LABS IN WEST ORANGE, NJ OPENED AFTER MORE...
EIF'S PRIMARY GOAL IS TO RAISE $90 MILLION FOR THE RESTORATION AND UPKEEP OF EDISON'S LEGACY THROUGHOUT AMERICA. ON OCTOBER 9TH, 2009, THE LEGENDARY EDISON LABS IN WEST ORANGE, NJ OPENED AFTER MORE THAN FIVE YEARS OF MAJOR RENOVATIONS. THESE BUILDINGS WERE IN CRITICAL NEED OF REPAIR, AND THE COLLECTIONS INCLUDING, NOTEBOOKS, EARLY PROTOTYPES, AND THOUSANDS OF EARLY RECORDINGS WERE IN DANGER OR BEING LOST DUE TO DETERIORATION. THE INITIAL FOCUS OF THIS CAMPAIGN WAS TO SUPPORT THE NEWLY RENAMED THOMAS EDISON NATIONAL HISTORICAL PARK("TENHP') AND ASSOCIATED EDUCATIONAL AND RESEARCH EFFORTS IN GENERAL. HOWEVER, DURING THIS INITIAL PHASE, EIF IS ALSO WORKING ON INDIVIDUAL PUBLIC SECTOR PROJECTS AS WELL AS FORMING ALLIANCES WITH OTHER ORGANIZATIONS AND FOUNDATIONS IN ORDER TO ACHIEVE EDUCATIONAL INITIATIVES. SOME RECENT PUBLIC SECTOR WORK IS DESCRIBED IN SECTION BELOW. (CONTINUED ON SCH O)
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $940,418 | $621,683 | +0.5% |
| Expenses | $684,173 | $707,143 | 0.0% |
| Net Income | $256,245 | $-85,460 | -4.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN P KEEGAN | Chairman,Pres | 30.00 |
Officer
Director
|
$203,500 | $0 | $203,500 |
| THOMAS UNGERLAND | Exec Vice Pres | 20.00 |
Officer
Director
|
$82,500 | $0 | $82,500 |
| GEORGE Q KEEGAN | Treasurer/Secr | 2.00 |
Officer
Director
|
$24,860 | $0 | $24,860 |
| WADE KNOWLES | Vice President | 1.00 |
Officer
Director
|
$11,660 | $0 | $11,660 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $940,418 | $684,173 | $2,467,197 | $256,245 |
| 2023 | $621,683 | $707,143 | $2,133,476 | $-85,460 |
| 2022 | $755,080 | $679,442 | $2,149,726 | $75,638 |
| 2021 | $867,148 | $632,001 | $2,401,369 | $235,147 |
| 2020 | $761,133 | $663,582 | $1,895,677 | $97,551 |
| 2019 | $448,888 | $615,667 | $1,784,674 | $-166,779 |
| 2018 | $975,382 | $673,478 | $1,724,654 | $301,904 |
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