CHIPPEWA VALLEY INNOVATION CENTER (EIN 391578010) - 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

Tax Period

2023-01-01 to 2023-12-31

CHIPPEWA VALLEY INNOVATION CENTER, founded in 1988, is a small nonprofit that reported $115K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $30K, a strong 27% operating margin.

Mission

CHIPPEWA VALLEY INNOVATION CENTER INC. PROMOTES INDUSTRIAL DEVELOPMENT AND REDUCES SMALL BUSINESS FAILURES BY PROVIDING INSTRUCTION IN ACCOUNTING, MARKETING, STAFFING, AND OTHER BUSINESS NEEDS OF THE INEXPERIENCED ENTREPRENEUR.

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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 $59,500

Program Service Revenue $54,394

Investment Income $704

Other Revenue $0

TOTAL REVENUE $114,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,907

Other Expenses $84,198

TOTAL EXPENSES $84,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,598	$104,808	+0.1%
Expenses	$84,198	$85,455	0.0%
Net Income	$30,400	$19,353	+0.6%

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
JIM SCHUMACHER	DIRECTOR	1.00	Director	$0	$0	$0
CLARA SERRANO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RUDERSDORF	ADVISOR	1.00	Director	$0	$0	$0
DEB NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE THONEY	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE COUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
TED THEYERL	DIRECTOR	1.00	Director	$0	$0	$0
LUKE HANSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ERIKSEN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE WALKER	ADVISOR	1.00	Director	$0	$0	$0
CHAD OSTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HARLIE JUEDES	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF SULLIVAN	PRESIDENT	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$114,598	$84,198	$627,743	$30,400
2022	$104,808	$85,455	$593,614	$19,353
2021	$74,505	$87,601	$567,840	$-13,096
2020	$127,506	$115,938	$577,208	$11,568
2019	$103,680	$121,347	$573,510	$-17,667
2018	$93,227	$97,116	$585,113	$-3,889

CHIPPEWA VALLEY INNOVATION CENTER