INNOVATIVE INDUSTRIES INC (EIN 430923010) - 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

1969

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

INNOVATIVE INDUSTRIES INC, founded in 1969, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE EMPLOYMENT FOR DEVELPMENTALLY DISABLED INDIVIDUALS.

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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 $329,158

Program Service Revenue $1,187,849

Investment Income $1,993

Other Revenue $12,840

TOTAL REVENUE $1,531,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,100,396

Fundraising Expenses $0

Program Expenses $1,115,379

Other Expenses $554,399

TOTAL EXPENSES $1,654,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,531,840	$2,308,806	-0.3%
Expenses	$1,654,795	$1,887,432	-0.1%
Net Income	$-122,955	$421,374	-1.3%

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

Governance

Voting Members

Independent Members

Employees

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAGE TILLER	BOARD MEMBER	5.00	Director	$0	$0	$0
JERMEY HULETTE	BOARD MEMBER	5.00	Director	$0	$0	$0
MAUREEN OWENS	BOARD MEMBER	5.00	Director	$0	$0	$0
ALICE CHORUM	BOARD MEMBER	5.00	Director	$0	$0	$0
SUSAN WENDLETON	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
AMY COLE	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHARLOTTE MONTAGUE	SECRETARY	5.00	Officer Director	$0	$0	$0
JEFF JONES	EXECUTIVE DIRECTOR	40.00	Key Emp	$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	$1,531,840	$1,654,795	$2,004,540	$-122,955
2023	$2,308,806	$1,887,432	$2,141,828	$421,374
2022	$1,519,849	$1,528,841	$1,598,373	$-8,992
2021	$1,490,867	$1,470,567	$1,585,879	$20,300
2020	$1,314,100	$1,309,992	$1,765,080	$4,108
2019	$1,374,284	$1,364,178	$1,563,986	$10,106

INNOVATIVE INDUSTRIES INC