INNOVATIVE CONCEPTS INC (EIN 383004941) - 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

1988

Legal Domicile

Principal Officer

RICH WARD

Phone

8103854463

Tax Period

2025-01-01 to 2025-12-31

INNOVATIVE CONCEPTS INC, founded in 1988, is a micro nonprofit in the Unknown sector that reported $97K in total revenue in fiscal year 2025. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $108K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

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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 $66,392

Program Service Revenue $28,952

Investment Income $28

Other Revenue $1,308

TOTAL REVENUE $96,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,152

Other Expenses $108,037

TOTAL EXPENSES $108,037

Year-over-Year Comparison

	2025	2024	Change
Revenue	$96,680	$167,814	-0.4%
Expenses	$108,037	$178,934	-0.4%
Net Income	$-11,357	$-11,120	+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	Role	Reportable Comp	Other Comp	Total
PAMELA WILDFONG	DIRECTOR	Director	$0	$0	$0
TERI KOCH	DIRECTOR	Director	$0	$0	$0
ROBERT BUECHLER	DIRECTOR	Director	$0	$0	$0
RICH WARD	TREASURER	Officer	$0	$0	$0
HARRY OLDENBURG	VICE PRESIDENT	Officer	$0	$0	$0
JUDY WORTHINGTON	SECRETARY	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	$96,680	$108,037	$383,044	$-11,357
2024	$167,814	$178,934	$393,101	$-11,120
2023	$124,934	$147,008	$483,525	$-22,074
2022	$109,027	$125,138	$513,370	$-16,111
2021	$161,835	$171,853	$555,846	$-10,018
2020	$136,823	$137,609	$633,308	$-786
2019	$100,473	$117,255	$669,233	$-16,782
2018	$92,079	$109,279	$670,639	$-17,200

INNOVATIVE CONCEPTS INC