SPRINGFIELD INNOVATION INC

EIN: 261675774 501(c)(3) Community Improvement

SPRINGFIELD, MO

Total Revenue
$2,606
Total Expenses
$1,390
Total Assets
$44,187
Net Assets
$44,187
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MO
Phone
4178363020
Tax Period
2023-07-01 to 2024-06-30

SPRINGFIELD INNOVATION INC, founded in 2006, is a micro nonprofit in the Community Improvement sector that reported $3K in total revenue in fiscal year 2023. The organization ran a surplus of $1K, a strong 47% operating margin.

Mission

THE MISSION OF SPRINGFIELD INNOVATION, INC. IS TO SUPPORT ADVANCED PRODUCT DEVELOPMENT WITH A FOCUS ON ADVANCING THE COMPETITIVENESS OF MISSOURI-BASED INDUSTRIES AND SUPPORTING TECHNOLOGY BASED ENTREPRENEURS WHILE PROVIDING INTERDISCIPLINARY WORK EXPERIENCES FOR MISSOURI STATE UNIVERSITY STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $1,390

THE ORGANIZATION WILL PROVIDE SERVICES TO SUPPORT INDIVIDUALS AND ORGANIZATIONS INTERESTED IN STARTING BUSINESS VENTURES AS WELL AS ENHANCE EXISTING BUSINESSES. THE ASSISTANCE WILL BE IN THE FORM OF...

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THE ORGANIZATION WILL PROVIDE SERVICES TO SUPPORT INDIVIDUALS AND ORGANIZATIONS INTERESTED IN STARTING BUSINESS VENTURES AS WELL AS ENHANCE EXISTING BUSINESSES. THE ASSISTANCE WILL BE IN THE FORM OF BUSINESS MANAGEMENT AND ENTREPRENEURIAL TRAINING. AS A RECOGNIZED MISSOURI INNOVATION CENTER, THE ORGANIZATION WILL CONCENTRATE ITS SERVICES ON TECHNOLOGY BASED ENTREPRENEURS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,500
Program Service Revenue $0
Investment Income $91
Other Revenue $15
TOTAL REVENUE $2,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,390
Other Expenses $1,390
TOTAL EXPENSES $1,390

Year-over-Year Comparison

2023 2022 Change
Revenue $2,606 $2,585 +0.0%
Expenses $1,390 $1,635 -0.1%
Net Income $1,216 $950 +0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Treasurer 1.0
Officer Director
$0 $0 $0
N/A Chair 1.0
Officer Director
$0 $0 $0
N/A Vice Chair 1.0
Officer Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Chief Executive Officer 1.0
Officer
$0 $0 $0
N/A Secretary 1.0
Officer
$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
2025 No data No data No data No data
2024 $2,606 $1,390 $44,187 $1,216
2023 $2,585 $1,635 $786,913 $950
2022 $24 $1,151 $785,963 $-1,127
2021 $42 $1,101 $787,090 $-1,059
2020 $88,063 $1,051 $788,149 $87,012
2019 $100,003 $995 $701,137 $99,008
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