ELYRIA, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INNOVATION FUND AMERICA INC, founded in 2012, is a micro nonprofit in the Community Improvement sector that reported $50K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 3486% operating deficit.
INNOVATION FUND AMERICA IS A NONPROFIT PARTNERING WITH COMMUNITY COLLEGES TO ACCELERATE THE GROWTH OF TECHNOLOGY STARTUPS THROUGH EARLY-STAGE FUNDING AND EDUCATION.
INNOVATION FUND AMERICA INC. ("IFA INC.") ASPIRES TO DEVELOP AND ADMINISTER ACTIVITIES AND PROGRAMS DESIGNED TO EDUCATE STUDENTS AND ENTREPRENEURS, COMBAT COMMUNITY DETERIORATION, RELIEVE POVERTY...
INNOVATION FUND AMERICA INC. ("IFA INC.") ASPIRES TO DEVELOP AND ADMINISTER ACTIVITIES AND PROGRAMS DESIGNED TO EDUCATE STUDENTS AND ENTREPRENEURS, COMBAT COMMUNITY DETERIORATION, RELIEVE POVERTY, AND LESSEN THE BURDENS OF THE GOVERNMENT THROUGH STIMULATING ECONOMIC DEVELOPMENT IN SELECT COMMUNITIES ACROSS THE UNITED STATES ("IFA COMMUNITIES"). IT ACCOMPLISHES THIS THROUGH CREATING AN ENTREPRENEURIAL CLIMATE THAT FOSTERS, CREATES AND EXPANDS EMPLOYMENT OPPORTUNITIES IN THOSE COMMUNITIES THROUGH THE RECRUITMENT AND EDUCATION OF ORGANIZATIONS AND ENTREPRENEURS WORKING WITH RELATED ENTERPRISES WITHIN THOSE COMMUNITIES. IFA INC. PROVIDES ASSISTANCE IN THE FUNDING OF AND UNDERTAKING ACTIVITIES WHICH WILL LESSEN THE BURDENS OF GOVERNMENT IN RELATION TO THE DEVELOPMENT OF ENTREPRENEURIAL ENTERPRISES IN IFA COMMUNITIES IN CONJUNCTION WITH PRIVATE AND PUBLIC INVESTMENTS AND CONTRIBUTIONS BY PHILANTHROPIC ORGANIZATIONS AND FEDERAL, STATE, AND LOCAL GOVERNMENTS. IFA INC. PROVIDES APPROPRIATE COUNSEL OR ASSISTANCE IN ADVISORY SERVICES WHICH WILL PROMOTE AND NURTURE THE FORMATION AND DEVELOPMENT OF ENTREPRENEURIAL BUSINESSES AND CAPACITY IN IFA COMMUNITIES AND PROMOTING THE WELFARE OF IFA COMMUNITIES BY SERVING AS A NATIONAL LEADER FOR INNOVATION, EDUCATION, AND TRAINING IN ENTREPRENEURIAL BUSINESS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $50,000 | $75,113 | -0.3% |
| Expenses | $1,792,775 | $822,179 | +1.2% |
| Net Income | $-1,742,775 | $-747,066 | +1.3% |
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
Sign In| 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
|
$15,583 | $0 | $15,583 |
| JON VOLPE | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| JIM WALBORN | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $50,000 | $1,792,775 | $68,071 | $-1,742,775 |
| 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 |
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