INNOVATION FUND AMERICA INC (EIN 461761848) - 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

DR ROY A CHURCH

Phone

4403664274

Tax Period

2023-08-01 to 2024-07-31

INNOVATION FUND AMERICA INC, founded in 2012, is a micro nonprofit in the Community Improvement sector that reported $75K in total revenue in fiscal year 2023. Revenue surged 200% from the prior year, signaling strong growth momentum. Expenses of $822K exceeded revenue, resulting in a 995% operating deficit.

Mission

PARTNERING WITH COMMUNITY COLLEGES TO ACCELERATE THE GROWTH OF TECHNOLOGY STARTUPS THROUGH EARLY-STAGE FUNDING AND EDUCATION.

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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 $25,000

Program Service Revenue $0

Investment Income $50,113

Other Revenue $0

TOTAL REVENUE $75,113

Expense Breakdown

Grants Paid $762,500

Salaries & Benefits $35,151

Fundraising Expenses $0

Program Expenses $820,545

Other Expenses $24,528

TOTAL EXPENSES $822,179

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,113	$25,000	+2.0%
Expenses	$822,179	$1,847,538	-0.6%
Net Income	$-747,066	$-1,822,538	-0.6%

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

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

$17,000

Total Directors

$17,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ROY A CHURCH	PRESIDENT & CHAIR	0.30	Officer Director	$0	$0	$0
DR MARCIA J BALLINGER	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
DENNIS COCCO	DIRECTOR	0.30	Director	$0	$0	$0
TRACY GREEN	DIRECTOR	0.30	Director	$0	$0	$0
JULIE STRAZZO	SECRETARY	0.30	Officer Director	$0	$0	$0
JOSEPH MARTIN	TREASURER	5.00	Officer Director	$17,000	$0	$17,000
JON VOLPE	DIRECTOR	0.30	Director	$0	$0	$0
JIM WALBORN	DIRECTOR	0.30	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	$75,113	$822,179	$1,921	$-747,066
2023	$25,000	$1,847,538	$51,629	$-1,822,538
2022	$25,000	$438,061	$210,364	$-413,061
2021	No data	$911,813	$6,565	No data
2020	No data	$1,061,224	$236,691	No data

INNOVATION FUND AMERICA INC