INNOGROUP FOUNDATION INC

EIN: 461522579 501(c)(3) Community Improvement

ZEELAND, MI

Total Revenue
$864,323
Total Expenses
$648,518
Total Assets
$6,943,927
Net Assets
$3,867,889
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MI
Principal Officer
CAROLYN Vanwieren
Phone
6164023277
Tax Period
2023-01-01 to 2023-12-31

INNOGROUP FOUNDATION INC, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $864K in total revenue in fiscal year 2023. The organization ran a surplus of $216K, a strong 25% operating margin.

Mission

SUPPORT ORGANIZATIONS WHOSE PURPOSE IS TO IMPROVE COMMUNITY RESOURCES SUCH AS WATER, HOUSING, EDUCATION, AND JOB OPPORTUNITIES IN POVERTY STRICKEN COMMUNITIES. CONTINUED ON SCHEDULE O

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $401,790
Program Service Revenue $372,000
Investment Income $21,221
Other Revenue $69,312
TOTAL REVENUE $864,323

Expense Breakdown

Grants Paid $280,629
Salaries & Benefits $5,420
Fundraising Expenses $0
Program Expenses $637,507
Other Expenses $362,469
TOTAL EXPENSES $648,518

Year-over-Year Comparison

2023 2022 Change
Revenue $864,323 $832,499 +0.0%
Expenses $648,518 $871,212 -0.3%
Net Income $215,805 $-38,713 -6.6%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
3

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
4
$2,500
Total Directors
4
$2,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE LANSER SECRETARY 4.0
Officer Director
$2,500 $0 $2,500
MICHAEL LANSER PRESIDENT 1.0
Officer Director
$0 $0 $0
PETER LANSER VICE-PRESIDENT 1.0
Officer Director
$0 $0 $0
CAROLYN VANWIEREN TREASURER, SECRETARY 1.0
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
2024 No data No data No data No data
2023 $864,323 $648,518 $6,943,927 $215,805
2022 $832,499 $871,212 $6,968,546 $-38,713
2021 $1,016,023 $972,386 $6,936,581 $43,637
2020 $917,889 $630,162 $6,625,949 $287,727
2019 $1,085,231 $872,540 $6,519,950 $212,691
2018 $918,629 $1,081,643 $6,465,242 $-163,014
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