EDISON INNOVATION FOUNDATION (EIN 223442892) - 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

1996

Legal Domicile

Principal Officer

JOHN P KEEGAN

Phone

9736480500

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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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 $751,800

Program Service Revenue $0

Investment Income $188,618

Other Revenue $0

TOTAL REVENUE $940,418

Expense Breakdown

Grants Paid $44,892

Salaries & Benefits $497,191

Fundraising Expenses $129,194

Program Expenses $57,737

Other Expenses $142,090

TOTAL EXPENSES $684,173

Year-over-Year Comparison

	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%

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

$322,520

Total Directors

$322,520

Key Employees

Highest Compensated

reported

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

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
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

EDISON INNOVATION FOUNDATION