INNOVATIVE ENGINEERING CONSORTIUM

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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

1944

Legal Domicile

Principal Officer

JOHN JANOWIAK

Phone

3124043337

Tax Period

2025-01-01 to 2025-12-31

INNOVATIVE ENGINEERING CONSORTIUM, founded in 1944, is a small nonprofit in the Education sector that reported $853K in total revenue in fiscal year 2025. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO FOSTER AND ENCOURAGE RESEARCH AND EDUCATION IN ENGINEERING. THIS IS ACHIEVED BY PROVIDING QUALITY CONTINUING EDUCATION, RESEARCH PUBLICATIONS AND SERVICE PROGRAMS FOR THE INTERNATIONAL INFORMATION INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $852,875 Revenue: $852,875

PROGRAM SERVICE ACCOMPLISHMENTS WERE TO FOSTER AND ENCOURAGE RESEARCH AND EDUCATON IN ENGINNERING AT THE UNIVERSITY LEVEL.

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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 (2025)

Revenue Breakdown

Contributions & Grants $852,875

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $852,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $852,875

Other Expenses $868,244

TOTAL EXPENSES $868,244

Year-over-Year Comparison

	2025	2024	Change
Revenue	$852,875	$1,609,212	-0.5%
Expenses	$868,244	$1,625,208	-0.5%
Net Income	$-15,369	$-15,996	0.0%

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

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
KEN CONNOR	VICE PRESIDE	1.00	Officer	$0	$0	$0
JOHN JANOWIAK	EXECUTIVE DI	2.00	Officer	$0	$0	$0
JOHN KELLY	PRESIDENT	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	$852,875	$868,244	$9,886	$-15,369
2024	No data	No data	No data	No data
2023	$1,192,597	$975,341	$288,622	$217,256
2022	$138,500	$126,346	$31,996	$12,154
2021	$128,750	$372,692	$90,603	$-243,942
2020	$116,000	$572,712	$28,091	$-456,712