FOUR CORNERS INNOVATIONS INC (EIN 454966543) - 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

2012

Legal Domicile

Principal Officer

ALLEN MCCULLOCH

Phone

5055664034

Tax Period

2024-07-01 to 2025-06-30

FOUR CORNERS INNOVATIONS INC, founded in 2012, is a small nonprofit in the Education sector that reported $176K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $170K left a modest 4% surplus.

Mission

TO PROMOTE THE PUBLIC WELFARE AND PROSPERITY OF THE PEOPLE OF NEW MEXICO; TO FOSTER ECONOMIC DEVELOPMENT WITHIN NEW MEXICO; AND TO ENGAGE IN OTHER COOPERATIVE VENTURES OF INNOVATIVE TECHNOLOGICAL SIGNIFICANCE THA WILL ADVANCE EDUCATION, SCIENCE, RESEARCH, CONSERVATION, OR ECONOMIC DEVELOPMENT WITHIN NEW MEXICO.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $161,248

Investment Income $15,229

Other Revenue $0

TOTAL REVENUE $176,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,318

Fundraising Expenses $0

Program Expenses $85,528

Other Expenses $132,883

TOTAL EXPENSES $170,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$176,477	$317,920	-0.4%
Expenses	$170,201	$224,419	-0.2%
Net Income	$6,276	$93,501	-0.9%

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
JAY PAUL MCWILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
JOE RASOR	DIRECTOR	0.50	Director	$0	$0	$0
ALLEN MCCULLOCH	DIRECTOR/CHA	0.50	Officer Director	$0	$0	$0
IREKE COOPER	DIRECTOR/SEC	0.50	Officer Director	$0	$0	$0
CLIFTON HORACE	DIRECTOR	0.50	Director	$0	$0	$0
T GREG MERRION	DIRECTOR	0.50	Director	$0	$0	$0
JOHN A BYROM	DIRECTOR	0.50	Director	$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	$176,477	$170,201	$689,186	$6,276
2024	No data	No data	No data	No data
2023	$156,458	$197,191	$554,032	$-40,733
2022	$283,709	$223,265	$579,641	$60,444
2021	$89,377	$121,103	$515,687	$-31,726
2020	$140,803	$159,555	$557,792	$-18,752
2019	$271,663	$204,812	$608,359	$66,851
2018	$60,128	$135,770	$532,014	$-75,642

FOUR CORNERS INNOVATIONS INC