Grand Forks, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UND Center for Innovation Foundation, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $395K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $439K exceeded revenue, resulting in a 11% operating deficit.
To maintain national leadership in entrepreneur outreach and education, and become the leader in tech entrepreneurship in rural America.
The UND Center for Innovation Foundation is established to support innovation and entrepreneurial activities at the University of North Dakota. The Foundation owns the Ina Mae Rude Entrepreneur...
The UND Center for Innovation Foundation is established to support innovation and entrepreneurial activities at the University of North Dakota. The Foundation owns the Ina Mae Rude Entrepreneur Center, a business incubation facility that licenses space via a membership model. The Ina Mae Rude Entrepreneur Center supports commercialization activities for the State of North Dakota and the University of North Dakota. The Foundation enhances and promotes commerce and economic development in North Dakota through innovation consulting, applied learning activities, entrepreneurial activity seminars and workshops, and business coaching for innovators. Additionally, the Foundation provides fiscal management and operational support for projects primarily funded by state grants. The Foundation supports outreach programs and educational services in the field of innovation, commercialization of technologies, startup funding strategies, and business incubation and acceleration.
The Foundation owns a wholly owned subsidiary that operates the North Dakota/Minnesota EB-5 Regional Center Program. The EB-5 program is an immigrant investor program focused on business development...
The Foundation owns a wholly owned subsidiary that operates the North Dakota/Minnesota EB-5 Regional Center Program. The EB-5 program is an immigrant investor program focused on business development and job creation to stimulate economic activity and improvements in regional productivity through direct foreign investment. The program is administered by the US Citizenship and Immigration Service (USCIS) and the EB5 regional center is an entity approved by USCIS as a designated place to receive immigrant investor capital with new and emerging businesses. The North Dakota/Minnesota EB5 regional center received its designation in April 2011 and there are three portfolio companies with approximately 600 investors.
Student Run Enterprises (SRE) engages students from across all disciplines at the University of North Dakota in experiential learning focused on the development of entrepreneurial and innovation...
Student Run Enterprises (SRE) engages students from across all disciplines at the University of North Dakota in experiential learning focused on the development of entrepreneurial and innovation skills. The purpose of student run enterprises is to establish legacy small businesses for students to manage and operate so they refine and develop their entrepreneurial skills. The students are provided with weekly, dedicated mentorship from a Center for Innovation staff member as well as a UND faculty subject matter expert to monitor their progress and encourage reflective practice on their business decisions.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $395,300 | $484,192 | -0.2% |
| Expenses | $438,532 | $502,662 | -0.1% |
| Net Income | $-43,232 | $-18,470 | +1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Phil Gisi | Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kristin Heck | Vice Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sally Miskavige | Secretary/Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Deanna Carlson Zink | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Christopher Johnson | Trustee (As of Sept 24) | 1.00 |
Director
|
$0 | $0 | $0 |
| Mickayla Rosard | Trustee (Until July 24) | 1.00 |
Director
|
$0 | $0 | $0 |
| Amy Whitney | Director/CEO | 6.00 |
Officer
|
$54,200 | $19,512 | $73,712 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $395,300 | $438,532 | $8,699,070 | $-43,232 |
| 2023 | $484,192 | $502,662 | $8,356,553 | $-18,470 |
| 2022 | $309,220 | $393,671 | $8,057,210 | $-84,451 |
| 2021 | $598,127 | $645,212 | $8,441,652 | $-47,085 |
| 2020 | $236,556 | $510,067 | $7,932,890 | $-273,511 |
| 2019 | $867,522 | $775,952 | $7,966,763 | $91,570 |
| 2018 | $1,243,377 | $1,079,965 | $7,242,959 | $163,412 |
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