INNOVATION PARK TLH INC

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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

2021

Legal Domicile

Principal Officer

MICHAEL KRAMER

Phone

8505750343

Tax Period

2023-10-01 to 2024-09-30

INNOVATION PARK TLH INC, founded in 2021, is a community nonprofit in the Science & Technology sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 3912% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 97% operating margin.

Mission

TO FOSTER THE ATTRACTION, STARTUP AND GROWTH OF PRIVATE INNOVATION COMPANIES THAT CREATE HIGH WAGE JOBS IN LEON COUNTY AND THE REGION.

Program Service Accomplishments

Program 1

Expenses: $46,639

COMMUNITY COLLABORATION WITH NUMEROUS ORGANIZATIONS THAT PROMOTE THE REGION'S RESEARCH AND DEVELOPMENT ASSETS AND FOSTER THE ATTRACTION, STARTUP AND GROWTH OF PRIVATE INNOVATION COMPANIES THAT CREATE...

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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 $1,500,000

Program Service Revenue $0

Investment Income $2,238

Other Revenue $0

TOTAL REVENUE $1,502,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,639

Other Expenses $47,210

TOTAL EXPENSES $47,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,502,238	$37,441	+39.1%
Expenses	$47,210	$17,803	+1.7%
Net Income	$1,455,028	$19,638	+73.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM ALLEN	CHAIR	0.25	Officer Director	$0	$0	$0
ANNE LONGMAN	VICE CHAIR	0.25	Officer Director	$0	$0	$0
DAVID RAMSAY	TREASURER	0.25	Officer Director	$0	$0	$0
DR RAYMOND E BYE JR	DIRECTOR	0.25	Director	$0	$0	$0
JESSICA D GRIFFIN	DIRECTOR	0.25	Director	$0	$0	$0
HON JOHN E DAILEY	DIRECTOR	0.25	Director	$0	$0	$0
HON RICK MINOR	DIRECTOR	0.25	Director	$0	$0	$0
DR SHAWNTA FRIDAY-STROUD	DIRECTOR	0.25	Director	$0	$0	$0
DR ERIC HOLMES	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL KRAMER	EXECUTIVE DIRECTOR	5.00	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	$1,502,238	$47,210	$1,489,968	$1,455,028