Innovate-Educate (EIN 263205739) - 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

2009

Legal Domicile

Principal Officer

Jamai Blivin

Tax Period

2024-01-01 to 2024-12-31

Innovate-Educate, founded in 2009, is a small nonprofit in the Education sector that reported $489K in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $472K left a modest 4% surplus.

Mission

Innovate+Educate is a national non-profit focused on research based strategies to close the skills gap. The key to our work is creating and validating new employment pathways based on skills and competencies.

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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 $172,622

Program Service Revenue $316,197

Investment Income $0

Other Revenue $0

TOTAL REVENUE $488,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $334,307

Other Expenses $471,618

TOTAL EXPENSES $471,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$488,819	$255,487	+0.9%
Expenses	$471,618	$373,952	+0.3%
Net Income	$17,201	$-118,465	-1.1%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jamai Blivin	Chairman and CEO	40.00	Officer	$0	$0	$0
Tamara Bates	Board Treasurer	10.00	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
2024	$488,819	$471,618	$66,031	$17,201
2023	$255,487	$373,952	$7,704	$-118,465
2022	$801,950	$649,460	$222,143	$152,490
2021	$464,656	$569,707	$79,387	$-105,051
2020	$410,454	$253,249	$217,553	$157,205
2019	$897,758	$1,331,421	$100,928	$-433,663
2018	$1,891,751	$2,437,455	$632,039	$-545,704

Innovate-Educate