STATE INNOVATION EXCHANGE (EIN 461368531) - 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

2014

Legal Domicile

Principal Officer

JESSIE ULIBARRI

Phone

6084408255

Tax Period

2023-01-01 to 2023-12-31

STATE INNOVATION EXCHANGE, founded in 2014, is a community nonprofit in the Civil Rights & Advocacy sector that reported $9.1M in total revenue in fiscal year 2023.

Mission

THE STATE INNOVATION EXCHANGE (SIX) MAKES COLLABORATIVE GOVERNANCE THE NORM AMONG VALUES-ALIGNED STATE LEGISLATORS IN THEIR PARTNERSHIP WITH ISSUE ADVOCATES AND GRASSROOTS LEADERS. THROUGH THIS PRACTICE, WE COMMIT TO CENTERING THE PEOPLE MOST IMPACTED BY SYSTEMIC AND STRUCTURAL OPPRESSION TO TRANSFORM THE CONDITIONS OF POWER AT THE STATE LEVEL. WHEN WE DO THIS, WE WILL SECURE AND SUSTAIN MEANINGFUL RACIAL, GENDER, SOCIAL AND ECONOMIC JUSTICE OUTCOMES THAT ARE FULLY REALIZED IN THE LIVED EXPERIENCE OF THESE COMMUNITIES.

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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 $8,766,581

Program Service Revenue $127,833

Investment Income $223,718

Other Revenue $901

TOTAL REVENUE $9,119,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,439,632

Fundraising Expenses $173,207

Program Expenses $7,131,873

Other Expenses $4,830,526

TOTAL EXPENSES $9,270,158

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,119,033	$8,461,698	+0.1%
Expenses	$9,270,158	$10,113,670	-0.1%
Net Income	$-151,125	$-1,651,972	-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

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

$607,442

Total Directors

$607,442

Key Employees

$399,958

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSIE ULIBARRI	CO-EXECUTIVE DIRECTOR	38.00	Officer Director	$250,425	$45,648	$309,253
NEHA PATEL	CO-EXECUTIVE DIRECTOR	38.00	Officer Director	$240,925	$44,584	$298,189
KIRSTEN HARRIS-TALLEY	CHAIR	2.00	Officer Director	$0	$0	$0
KATE VILLERS	VICE CHAIR (THRU 2023)	1.00	Officer Director	$0	$0	$0
BRIAN WEEKS	SECRETARY	1.00	Officer Director	$0	$0	$0
CATHY DUVALL	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT ANDERSON	DIRECTOR (THRU 2023)	1.00	Director	$0	$0	$0
NADRA FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIN MAYE QUADE	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS ANDERSON-REED	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH SALAZAR	DIRECTOR	0.50	Director	$0	$0	$0
NAHAL ZAMANI	SVP, STATE STRATEGY (THRU 12/23)	38.00	Key Emp	$182,329	$9,883	$201,808
MOLLY NOBLE	VP, OPERATIONS	38.00	Key Emp	$167,606	$21,723	$198,150
JENNIFER DRIVER	SR DIRECTOR, REPORDUCTIVE RIGHTS	38.00	Highest	$138,922	$18,930	$165,164
ANTHONY GAD	DIRECTOR OF RESEARCH & POLICY	38.00	Highest	$120,993	$52,522	$179,883
KENDRA KIMIRAUSKAS	SR DIRECTOR, AGRICULTURE & FOOD SYSTEMS	38.00	Highest	$120,484	$27,957	$154,782
THOMAS LENARD JR	MICHIGAN STATE DIRECTOR	38.00	Highest	$109,120	$37,800	$152,663
IDA ESKAMANI	SR. DIRECTOR, LEGISLATIVE AFFAIRS	38.00	Highest	$118,348	$11,511	$136,088

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	$9,119,033	$9,270,158	$8,525,705	$-151,125
2022	$8,461,698	$10,113,670	$9,080,892	$-1,651,972
2021	$9,144,247	$6,506,550	$10,067,492	$2,637,697
2020	$8,674,376	$5,883,932	$7,787,170	$2,790,444
2019	$8,394,007	$6,058,745	$4,372,952	$2,335,262
2018	$5,577,076	$4,595,034	$2,400,820	$982,042

STATE INNOVATION EXCHANGE