INNOVATION CATALYST INC (EIN 462219934) - 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

WILLIAM ELLISON

Phone

2252152465

Tax Period

2024-01-01 to 2024-12-31

INNOVATION CATALYST INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $163K in total revenue in fiscal year 2024. Revenue surged 460% from the prior year, signaling strong growth momentum. Expenses of $276K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO ACCELERATE THE GROWTH OF THE LOUISIANA TECHNOLOGY-BASED ECONOMY BY IDENTIFYING, EDUCATING AND CONNECTING ENTREPRENEURS, INVESTORS, UNIVERSITIES, GOVERNMENT AGENCIES AND BUSINESSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $162,881

Program Service Revenue $0

Investment Income $96

Other Revenue $0

TOTAL REVENUE $162,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,680

Fundraising Expenses $0

Program Expenses $225,680

Other Expenses $50,721

TOTAL EXPENSES $276,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,977	$29,098	+4.6%
Expenses	$276,401	$142,912	+0.9%
Net Income	$-113,424	$-113,814	0.0%

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

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
WILLIAM ELLISON	CEO	20.00	Officer Director	$0	$0	$0
VENEETH IYENGAR	BOARD CHAIRMAN	0.50	Director	$0	$0	$0
STEPHANIE CARGILE	Director	0.50	Director	$0	$0	$0
MICHAEL MOLES	Director	0.50	Director	$0	$0	$0
JIM ODOM	Director	0.50	Director	$0	$0	$0
PRESTON CASTILLE	Director	0.50	Director	$0	$0	$0
PAIGE CARTER	Director	0.50	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	$162,977	$276,401	$248,567	$-113,424
2023	$29,098	$142,912	$89,820	$-113,814
2023	$29,098	$141,669	$42,924	$-112,571
2022	$20,060	$142,854	$24,216	$-122,794
2021	$233,403	$155,956	$114,365	$77,447
2020	$173,034	$148,615	$3,234,667	$24,419
2019	$78,218	$261,474	$2,372,372	$-183,256
2018	$498,500	$287,283	$3,702,186	$211,217

INNOVATION CATALYST INC