INGENUITYNE INC (EIN 455482105) - 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

MICHAEL FANTOM

Phone

4012156540

Tax Period

2023-07-01 to 2024-06-30

INGENUITYNE INC, founded in 2012, is a community nonprofit in the Youth Development sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

ingenuityNE, Inc. WAS FORMED TO INSPIRE YOUNG PEOPLE TO BE LEADERS, BY ENGAGING THEM IN EXCITING MENTOR-BASED PROGRAMS THAT BUILD SCIENCE, ENGINEERING AND TECHNOLOGY SKILLS, THAT INSPIRE INNOVATION, AND THAT FOSTER WELL-ROUNDED LIFE CAPABILITIES.

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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 $818,319

Program Service Revenue $575,660

Investment Income $2

Other Revenue $6,540

TOTAL REVENUE $1,400,521

Expense Breakdown

Grants Paid $139,804

Salaries & Benefits $591,658

Fundraising Expenses $122,430

Program Expenses $1,257,146

Other Expenses $826,620

TOTAL EXPENSES $1,558,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,400,521	$1,294,064	+0.1%
Expenses	$1,558,082	$1,259,126	+0.2%
Net Income	$-157,561	$34,938	-5.5%

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

4268

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

$166,129

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FANTOM	EXECUTIVE DIRECTOR	40.00	Officer	$138,020	$28,109	$166,129
FRANK GROSSMAN	DIRECTOR	2.00	Director	$0	$0	$0
RINA LEONARD	DIRECTOR	2.00	Director	$0	$0	$0
DONATA MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BUGEAU	CHAIR & PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL SPERBER	VICE CHAIR & VICE PRES.	2.00	Officer Director	$0	$0	$0
BRIAN BELLEY	TREASURER	2.00	Officer Director	$0	$0	$0
JACKIE GARAFANO	SECRETARY	2.00	Officer 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	No data	No data	No data	No data
2024	$1,400,521	$1,558,082	$220,808	$-157,561
2023	$1,294,064	$1,259,126	$411,637	$34,938
2022	$1,178,583	$1,005,435	$491,767	$173,148
2021	$645,943	$522,007	$327,849	$123,936
2020	$899,069	$675,213	$234,910	$223,856
2019	$1,035,844	$1,185,467	$133,817	$-149,623
2018	$954,472	$1,014,100	$112,094	$-59,628

INGENUITYNE INC