KNOXVILLE, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INNOVATION VALLEY INC, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $4K in total revenue in fiscal year 2022. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $4K exceeded revenue, resulting in a 21% operating deficit.
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTIONS 501(C)(3) AND 501(C)(6) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. THE PURPOSE WILL INCLUDE WITHOUT LIMITATION SUPPORT OF PUBLIC EDUCATION, WORKFORCE DEVELOPMENT AND JOB TRAINING AND SUPPORT OF SCIENTIFIC AND TECHNOLOGICAL ADVANCEMENTS IN THE CENTRAL EAST TENNESSEE AREA, INCLUDING WITHOUT LIMITATION ANDERSON, BLOUNT, KNOX, LOUDON, ROANE AND MONROE COUNTIES, PRIMARILY BY PROVIDING FUNDS AND SUPPORT TO ORGANIZATIONS SUCH AS THE BLOUNT PARTNERSHIP, THE KNOXVILLE AREA CHAMBER PARTNERSHIP, ANDERSON COUNTY ECONOMIC DEVELOPMENT AGENCY, THE ROANE ALLIANCE, TELLICO RESERVOIR DEVELOPMENT AGENCY AND LOUDON COUNTY ECONOMIC DEVELOPMENT AGENCY.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $3,539 | $50,595 | -0.9% |
| Expenses | $4,282 | $7,335 | -0.4% |
| Net Income | $-743 | $43,260 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| MITCH STEENROD | President | 0.00 |
Director
|
$0 | $0 | $0 |
| KIM BUMPUS | Secretary | 0.00 |
Director
|
$0 | $0 | $0 |
| JOHN TOLSMA | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| LEON DOWNEY | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| MARK PAGANELLI | Director | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $3,539 | $4,282 | $885,438 | $-743 |
| 2022 | $50,595 | $7,335 | $886,181 | $43,260 |
| 2021 | $50,600 | $10,548 | $842,921 | $40,052 |
| 2020 | $483,713 | $425,572 | $944,756 | $58,141 |
| 2019 | $1,303,621 | $1,402,843 | $1,305,723 | $-99,222 |
| 2018 | $1,265,601 | $1,485,125 | $1,339,696 | $-219,524 |
Compare INNOVATION VALLEY INC with other nonprofits in Tennessee and across the country.