Innovation Ohio Education Fund (EIN 274562105) - 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

2011

Legal Domicile

Principal Officer

Janetta King

Tax Period

2023-01-01 to 2023-12-31

Innovation Ohio Education Fund, founded in 2011, is a small nonprofit in the Education sector that reported $446K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $137K, a strong 31% operating margin.

Mission

Innovation Ohio Education Fund was organized to operate exclusively for charitable and educational purposes, including, but not limited to, providing the general public with information about public policy issues and initiatives impacting Ohioans.

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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 (2023)

Revenue Breakdown

Contributions & Grants $446,331

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $446,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,904

Fundraising Expenses $37,942

Program Expenses $201,181

Other Expenses $122,819

TOTAL EXPENSES $309,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$446,331	$803,163	-0.4%
Expenses	$309,723	$658,618	-0.5%
Net Income	$136,608	$144,545	-0.1%

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

Volunteers

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

$145,001

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Desiree Tims	CEO	20.00	Officer	$54,000	$11,305	$145,001
Jay Goyal	Board Member	1.00	Director	$0	$0	$0
Frances Strickland	Board Member	1.00	Director	$0	$0	$0
Janetta King	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
2024	No data	No data	No data	No data
2023	$446,331	$309,723	$358,729	$136,608
2022	$803,163	$658,618	$217,939	$144,545
2021	$908,589	$511,547	$79,253	$397,042
2020	$671,057	$671,130	$79,507	$-73
2019	$586,760	$589,556	$250,137	$-2,796
2018	$269,889	$265,549	$309,223	$4,340

Innovation Ohio Education Fund