MISSOURI INNOVATION CORPORATION

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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

2003

Legal Domicile

Principal Officer

BRAD SHERIFF

Phone

5736512175

Tax Period

2020-07-01 to 2021-06-30

MISSOURI INNOVATION CORPORATION, founded in 2003, is a micro nonprofit in the Education sector that reported $19K in total revenue in fiscal year 2020. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $25K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO SUPPORT THE MISSION AND ACTIVITIES OF THE DOUGLAS C. GREENE CENTER FOR INNOVATION AND ENTREPRENEURSHIP.

Program Service Accomplishments

Program 1

Expenses: $12,383 Revenue: $12,154

MISSOURI TECHNOLOGY CORPORATION GRANT - PROVIDE BUSINESS CONSULTING AND DEVELOPMENT SERVICES TO INDIVIDUALS AND BUSINESS ORGANIZATIONS IN MISSOURI DURING THE EARLY STAGES OF DEVELOPMENT OF...

MISSOURI TECHNOLOGY CORPORATION GRANT - PROVIDE BUSINESS CONSULTING AND DEVELOPMENT SERVICES TO INDIVIDUALS AND BUSINESS ORGANIZATIONS IN MISSOURI DURING THE EARLY STAGES OF DEVELOPMENT OF TECHNOLOGY-FOCUSED BUSINESS VENTURES.

Program 2

Expenses: $2,017 Revenue: $6,432

IRP LOANS: THE PURPOSE OF THE IRP PROGRAM IS TO ALLEVIATE POVERTY AND INCREASE ECONOMIC ACTIVITY AND EMPLOYMENT IN RURAL COMMUNITIES. UNDER THE IRP PROGRAM, LOANS ARE PROVIDED TO LOCAL ORGANIZATIONS (INTERMEDIARIES) FOR THE ESTABLISHMENT OF REVOLVING LOAN FUNDS. THESE REVOLVING LOAN FUNDS ARE USED TO ASSIST WITH FINANCING BUSINESS AND ECONOMIC DEVELOPMENT ACTIVITY TO CREATE OR RETAIN JOBS IN DISADVANTAGED AND REMOTE COMMUNITIES.

Program 3

Expenses: $1,106 Revenue: $0

THE RURAL MICRO-ENTREPRENEUR ASSISTANCE PROGRAM PROVIDES RURAL AREAS ACCESS TO CAPITAL TO DEVELOP SMALL BUSINESS OPPORTUNITIES AND CREATE JOBS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,586

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,506

Other Expenses $24,795

TOTAL EXPENSES $24,795

Year-over-Year Comparison

	2020	2019	Change
Revenue	$18,586	$32,019	-0.4%
Expenses	$24,795	$33,214	-0.3%
Net Income	$-6,209	$-1,195	+4.2%

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

$815,007

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FERGUSON II	CHAIRMAN	0.10	Officer Director	$0	$0	$0
JIM GREBING	VICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
BRENT BUERCK	BOARD MEMBER	0.10	Director	$0	$0	$0
DAWN DAUER	BOARD MEMBER	0.10	Director	$0	$0	$0
SCOTT MEYER	PAST BOARD MEMBER	0.10	Director	$0	$0	$0
MATT DRAKE	BOARD MEMBER	0.10	Director	$0	$0	$0
DANA THOMAS	PAST BOARD MEMBER	0.10	Director	$0	$0	$0
KATHY MANGELS	PAST TREASURER	5.00	Officer	$0	$76,480	$292,198
CRYSTAL KAUFMAN	SECRETARY	1.00	Officer	$0	$17,543	$63,011
CARLOS VARGAS-ABURTO	CEO	3.00	Officer	$0	$55,676	$362,108
BRAD SHERIFF	CURRENT TREASURER	5.00	Officer	$0	$22,017	$97,690

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
2021	$18,586	$24,795	$84,934	$-6,209
2020	$32,019	$33,214	$463,773	$-1,195
2019	$62,590	$79,256	$470,323	$-16,666
2018	$68,766	$76,331	$501,350	$-7,565