PINKNEY INNOVATION COMPLEX FOR SCI… - Form 990 Financial Data

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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

DR GAIL WASSERMAN

Phone

2409122162

Tax Period

2023-07-01 to 2024-06-30

PINKNEY INNOVATION COMPLEX FOR SCIENCE & TECHNOLOGY AT MONTGOMERY COLLEGE FOUNDAT, founded in 2011, is a small nonprofit in the Education sector that reported $268K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $427K exceeded revenue, resulting in a 59% operating deficit.

Mission

SUPPORT THE MISSION OF THE COLLEGE AND PROMOTE THE ADVANCEMENT OF STUDENT EDUCATION BY FOSTERING AND EXPANDING EDUCATIONAL AND RESEARCH OPPORTUNITIES FOR FACULTY AND STUDENTS THROUGH ACADEMIC-INDUSTRY PARTNERSHIPS. (CONTINUED ON SCHEDULE O)ENHANCE AND ALIGN THE WORK OF THE COLLEGE WITH THOSE OF TECHNOLOGY BUSINESSES BY CO-LOCATING BUSINESSES ON CAMPUS IN AN INTEGRATED HUB THAT ACTIVELY PROMOTES INTERACTION BETWEEN FACULTY AND STUDENTS TO ACHIEVE THE COLLECTIVE GOAL OF EDUCATIONAL AND ECONOMIC SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $113,940 Revenue: $63,847

SUPPORT THE MISSION OF THE COLLEGE AND PROMOTE THE ADVANCEMENT OF STUDENT EDUCATION BY FOSTERING AND EXPANDING EDUCATIONAL AND RESEARCH OPPORTUNITIES FOR FACULTY AND STUDENTS THROUGH...

SUPPORT THE MISSION OF THE COLLEGE AND PROMOTE THE ADVANCEMENT OF STUDENT EDUCATION BY FOSTERING AND EXPANDING EDUCATIONAL AND RESEARCH OPPORTUNITIES FOR FACULTY AND STUDENTS THROUGH ACADEMIC-INDUSTRY PARTNERSHIPS. ENHANCE AND ALIGN THE WORK OF THE COLLEGE WITH THOSE OF TECHNOLOGY BUSINESSES BY CO-LOCATING BUSINESSES ON CAMPUS IN AN INTEGRATED HUB THAT ACTIVELY PROMOTES INTERACTION BETWEEN FACULTY AND STUDENTS TO ACHIEVE THE COLLECTIVE GOAL OF EDUCATIONAL AND ECONOMIC SUCCESS.

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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 $0

Program Service Revenue $63,847

Investment Income $204,138

Other Revenue $0

TOTAL REVENUE $267,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $113,940

Other Expenses $427,051

TOTAL EXPENSES $427,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,985	$152,797	+0.8%
Expenses	$427,051	$114,125	+2.7%
Net Income	$-159,066	$38,672	-5.1%

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

$467,374

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR STEPHEN CAIN	BOARD MEMBER	2.00	Director	$0	$37,326	$260,357
GAIL FOLENA-WASSERMAN PHD	CHAIR	4.00	Officer Director	$0	$0	$0
ALLEN DELEON	VICE CHAIR	4.00	Officer Director	$0	$0	$0
YUM YU CHENG ESQ	SECRETARY	2.00	Officer Director	$0	$0	$0
TONY SPEARMAN-LEACH	TREASURER	2.00	Officer Director	$0	$0	$0
KELLI BROOKS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN COMPTON PHD	BOARD MEMBER	2.00	Director	$0	$0	$0
MISALE ENDRIAS	STUDENT BOARD MEMBER	2.00	Director	$0	$0	$0
DANIELLE GABRISH	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA GRAHAM	BOARD MEMBER	5.00	Director	$0	$0	$0
STEVE GREENFIELD	BOARD MEMBER	2.00	Director	$0	$31,046	$207,017
STEPHEN KAUFMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MANISH KOTHARI	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGARET LATIMER	BOARD MEMBER	2.00	Director	$0	$0	$0
PRASHANT PANCHAL	BOARD MEMBER	2.00	Director	$0	$0	$0
DEIDRE PRICE	BOARD MEMBER	2.00	Director	$0	$0	$0
SOFIA PEREZ	STUDENT BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTINE WARNER	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG WRENN	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS LUGINBILL	EXECUTIVE DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$267,985	$427,051	$11,132,843	$-159,066
2023	$152,797	$114,125	$6,317,212	$38,672
2022	$303,379	$100,174	$6,140,938	$203,205
2021	$363,160	$43,341	$7,003,853	$319,819
2020	$133,519	$33,678	$6,120,479	$99,841
2019	$185,036	$126,829	$6,022,024	$58,207

PINKNEY INNOVATION COMPLEX FOR SCIENCE & TECHNOLOGY AT MONTGOMERY COLLEGE FOUNDAT