DIVERSITY & INNOVATION INSTITUTE INC (EIN 452836061) - 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

2011

Legal Domicile

Principal Officer

LUIS A PALACIO

Phone

3177037836

Tax Period

2023-01-01 to 2023-12-31

DIVERSITY & INNOVATION INSTITUTE INC, founded in 2011, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 229% from the prior year, signaling strong growth momentum. The organization ran a surplus of $577K, a strong 51% operating margin.

Mission

TO UNLOCK INNOVATIVE POTENTIAL THROUGH STEM EDUCATION FOR A DIVERSE AUDIENCE IN AN INCLUSIVE AND EQUITABLE MANNER

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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 $1,118,434

Program Service Revenue $9,840

Investment Income $7,759

Other Revenue $588

TOTAL REVENUE $1,136,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,045

Fundraising Expenses $25,207

Program Expenses $413,233

Other Expenses $174,602

TOTAL EXPENSES $559,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,136,621	$345,135	+2.3%
Expenses	$559,647	$456,875	+0.2%
Net Income	$576,974	$-111,740	-6.2%

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

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

$141,865

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUIS A PALACIO	EXECUTIVE DI	40.00	Officer	$141,865	$0	$141,865
DINESH CASTELLINO	BOARD MEMEBE	N/A	Director	$0	$0	$0
PAULA FRANCO	TREASURER	N/A	Officer Director	$0	$0	$0
ERIC VAN GORP	PRESIDENT	N/A	Officer Director	$0	$0	$0
RIMPLE PATWARDHAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JOERG SCHRELBER	BOARD MEMBER	N/A	Director	$0	$0	$0
AMBER CANDIS	VICE PRESIDE	N/A	Officer	$0	$0	$0
JOHN G PEREZ	SECRETARY	N/A	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
2024	No data	No data	No data	No data
2023	$1,136,621	$559,647	$886,752	$576,974
2022	$345,135	$456,875	$305,550	$-111,740
2021	$307,339	$507,774	$427,938	$-200,435
2020	$446,756	$633,674	$269,414	$-186,918
2019	$835,235	$641,470	$342,645	$193,765
2018	$681,635	$696,011	$103,312	$-14,376

DIVERSITY & INNOVATION INSTITUTE INC