INNOVATIVE INSTITUTE INC

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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

CHRIS AZOROH

Tax Period

2020-01-01 to 2020-12-31

INNOVATIVE INSTITUTE INC, founded in 2012, is a small nonprofit that reported $223K in total revenue in fiscal year 2020. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $212K left a modest 5% surplus.

Mission

TO PROVIDE HEALTHCARE TRAINING TO STUDENTS TO BECOME NURSE AIDES AND PROFICIENT IN PROVIDING HEALTHCARE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $211,683

HAVE SUCCESSFULLY TRAINED STUDENTS TO BECOME CERTIFIED NURSE AIDES AND HELPED SOME OF THEM IN GAINFUL EMPLOYMENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $222,738

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $222,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,633

Fundraising Expenses $0

Program Expenses $211,683

Other Expenses $91,050

TOTAL EXPENSES $211,683

Year-over-Year Comparison

	2020	2019	Change
Revenue	$222,738	$199,755	+0.1%
Expenses	$211,683	$310,000	-0.3%
Net Income	$11,055	$-110,245	-1.1%

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

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
CHRIS AZOROH	PRESIDENT	0.00	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
2020	$222,738	$211,683	$233,793	$11,055
2019	$199,755	$310,000	$261,952	$-110,245
2018	$218,404	$215,841	$264,646	$2,563