LORAIN COUNTY COMMUNITY COLLEGE INNOVATION FOUNDATION (EIN 320419899) - 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

2013

Legal Domicile

Principal Officer

TRACY GREEN

Phone

4403664073

Tax Period

2024-07-01 to 2025-06-30

LORAIN COUNTY COMMUNITY COLLEGE INNOVATION FOUNDATION, founded in 2013, is a micro nonprofit in the Education sector that reported $42K in total revenue in fiscal year 2024. Revenue surged 230% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 97% operating margin.

Mission

TO ASSIST LORAIN COUNTY COMMUNITY COLLEGE, OTHER OHIO INSTITUTIONS OF HIGHER EDUCATION, REGIONAL HOSPITALS, REGIONAL MUNICIPALITIES, AND REGIONAL ECONOMIC DEVELOPMENT ORGANIZATIONS WITH SUPPORT FOR INNOVATION AND ECONOMIC ACTIVITIES FOR OHIO.

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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 $0

Program Service Revenue $0

Investment Income $42,431

Other Revenue $0

TOTAL REVENUE $42,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,304

TOTAL EXPENSES $1,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,431	$12,873	+2.3%
Expenses	$1,304	$1,129	+0.2%
Net Income	$41,127	$11,744	+2.5%

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

$315,870

Total Directors

$608,010

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY GREEN	PRESIDENT	0.25	Officer Director	$0	$49,130	$315,870
JONATHAN VOLPE	VICE PRESIDENT AND TREASURER	0.25	Director	$0	$50,059	$292,140
DENNIS COCCO	SECRETARY	0.25	Director	$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	$42,431	$1,304	$984,320	$41,127
2024	$12,873	$1,129	$791,396	$11,744
2023	$6,415	$2,466	$831,062	$3,949
2022	$250,127	$2,831	$776,948	$247,296
2021	$1,730	$3,275	$501,480	$-1,545

LORAIN COUNTY COMMUNITY COLLEGE INNOVATION FOUNDATION