THE INNOVATION INSTITUTE COPORATION

EIN: 371853577 501(c)(3)

BELMONT, MA

Total Revenue
$346,079
Total Expenses
$263,830
Total Assets
$84,473
Net Assets
$82,578
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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
2016
Legal Domicile
MA
Principal Officer
JENNIFER MONTANA
Phone
6173409907
Tax Period
2019-07-01 to 2020-06-30

THE INNOVATION INSTITUTE COPORATION, founded in 2016, is a small nonprofit that reported $346K in total revenue in fiscal year 2019. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 24% operating margin.

Mission

EDUCATION OF K-12 STUNDENTS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS ("STEM").

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $44,204
Program Service Revenue $301,875
Investment Income $0
Other Revenue $0
TOTAL REVENUE $346,079

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,911
Fundraising Expenses $0
Program Expenses $153,613
Other Expenses $94,919
TOTAL EXPENSES $263,830

Year-over-Year Comparison

2019 2018 Change
Revenue $346,079 $234,933 +0.5%
Expenses $263,830 $298,396 -0.1%
Net Income $82,249 $-63,463 -2.3%
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

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Governance

Voting Members
3
Independent Members
2
Employees
19
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
3
$85,143
Total Directors
3
$85,143
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARILYN JACKSON TREASURER/DIRECTOR 10.00
Officer Director
$0 $0 $0
KAREN ALLENDOERFER CLERK/DIRECTOR 5.00
Officer Director
$0 $0 $0
JENNIFER MONTANA PRESIDENT/EXEC DIRECOTR 60.00
Officer Director
$75,000 $10,143 $85,143
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
2020 $346,079 $263,830 $84,473 $82,249
2019 $234,933 $298,396 $100,488 $-63,463
2018 $290,161 $226,369 $120,207 $63,792
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