PARTNERSHIP FOR INNOVATION IN EDUC… - Form 990 Financial Data

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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

MARY K WELSH

Phone

5133788370

Tax Period

2024-01-01 to 2024-12-31

PARTNERSHIP FOR INNOVATION IN EDUCATION, founded in 2009, is a small nonprofit in the Education sector that reported $699K in total revenue in fiscal year 2024. Revenue surged 185% from the prior year, signaling strong growth momentum. The organization ran a surplus of $424K, a strong 61% operating margin.

Mission

THE SPECIFIC MISSION OF THE CORPORATION IS TO ENCOURAGE INNOVATION/TECHNOLOGY IN THE EDUCATION DELIVERED TO STUDENTS IN THE REGION. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $275,463

THE CORPORATION PURCHASED COMPUTERS, TECHNOLOGY, AND INTERNET CONNECTIVITY FOR SEVERAL SCHOOLS, AND TRAVELED TO SCHOOLS TO PROVIDE INSTRUCTION FOR THE 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 $673,606

Program Service Revenue $0

Investment Income $25,843

Other Revenue $0

TOTAL REVENUE $699,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,534

Fundraising Expenses $0

Program Expenses $275,463

Other Expenses $51,929

TOTAL EXPENSES $275,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$699,449	$245,200	+1.9%
Expenses	$275,463	$192,138	+0.4%
Net Income	$423,986	$53,062	+7.0%

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

N/A

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
JACKIE BAUMGARTNER	DIRECTOR	0.00	Director	$0	$0	$0
MARILYN BROWN CLARK	DIRECTOR	0.00	Director	$0	$0	$0
EVE BOLTON	DIRECTOR	0.00	Director	$0	$0	$0
DAVE HATTER	DIRECTOR	0.00	Director	$0	$0	$0
PEG WYANT	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER HORVATH	DIRECTOR	0.00	Director	$0	$0	$0
MATT ERNST	DIRECTOR	0.00	Director	$0	$0	$0
MARY BETH REUTER	PRESIDENT	0.00	Officer	$0	$0	$0
FRANK SCHLEUTER	SECRETARY	0.00	Officer	$0	$0	$0
MARY K WELSH	CEO	40.00	Officer	$0	$0	$0
JOHN WHITMER	TREASURER	0.00	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
2025	No data	No data	No data	No data
2024	$699,449	$275,463	$1,048,457	$423,986
2023	$245,200	$192,138	$623,373	$53,062
2022	$370,287	$206,226	$570,366	$164,061
2021	$180,012	$126,516	$406,328	$53,496
2020	$61,360	$121,789	$374,021	$-60,429
2019	$221,020	$126,393	$419,382	$94,627
2018	$356,266	$159,312	$319,086	$196,954

PARTNERSHIP FOR INNOVATION IN EDUCATION