Innovation Ohio (EIN 274562062) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

Keary McCarthy

Phone

9372451232

Tax Period

2025-01-01 to 2025-12-31

Innovation Ohio, founded in 2011, is a micro nonprofit that reported $26K in total revenue in fiscal year 2025. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $415K exceeded revenue, resulting in a 1511% operating deficit.

Mission

Innovation Ohio is a catalyst for progressive policy and grassroots activity that improves the lives of Ohios working families.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $25,785

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $25,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,883

Fundraising Expenses $18,538

Program Expenses $311,701

Other Expenses $152,449

TOTAL EXPENSES $415,332

Year-over-Year Comparison

	2025	2024	Change
Revenue	$25,785	$1,666,673	-1.0%
Expenses	$415,332	$1,188,793	-0.7%
Net Income	$-389,547	$477,880	-1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$167,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Desiree Tims	CEO	20.00	Officer	$85,192	$12,187	$167,187
Brewster Rhoads	Board Member	1.00	Director	$0	$0	$0
Alan Bannister	Board Member	1.00	Director	$0	$0	$0
Elisabeth Hire	Board Member	1.00	Director	$0	$0	$0
Keary McCarthy	Board Chair	1.00	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	$25,785	$415,332	$757,056	$-389,547
2024	No data	No data	No data	No data
2023	$851,196	$547,322	$715,633	$303,874
2022	$777,902	$803,431	$339,956	$-25,529
2021	$449,143	$627,695	$364,694	$-178,552
2020	$208,069	$500,416	$541,897	$-292,347
2019	$581,800	$396,681	$833,867	$185,119
2018	$280,106	$311,074	$656,367	$-30,968

Innovation Ohio