INNOVATIVE INSTITUTE INC

EIN: 461660875 501(c)(3)

Washington, DC

Total Revenue
$222,738
Total Expenses
$211,683
Total Assets
$233,793
Net Assets
$11,055
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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
DC
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.

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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 (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

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Governance

Voting Members
3
Independent Members
3
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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