ECONOMIC INNOVATION GROUP INC

EIN: 462450336 Employment

WASHINGTON, DC

Total Revenue
$6,446,450
Total Expenses
$4,781,746
Total Assets
$7,784,859
Net Assets
$7,148,717
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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
2013
Legal Domicile
DE
Principal Officer
JOHN LETTIERI
Phone
2028393713
Tax Period
2023-01-01 to 2023-12-31

ECONOMIC INNOVATION GROUP INC, founded in 2013, is a community nonprofit in the Employment sector that reported $6.4M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 26% operating margin.

Mission

PRIMARILY FOCUSED ON PUBLIC INTEREST RESEARCH AND ADVOCACY ACTIVITIES TO PROMOTE IDEAS, PUBLIC POLICY, AND INVESTMENT NEEDED TO DRIVE ECONOMIC GROWTH IN AMERICA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,222,807
Program Service Revenue $198,145
Investment Income $25,498
Other Revenue $0
TOTAL REVENUE $6,446,450

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,147,076
Fundraising Expenses $0
Program Expenses $4,121,859
Other Expenses $1,634,670
TOTAL EXPENSES $4,781,746

Year-over-Year Comparison

2023 2022 Change
Revenue $6,446,450 $5,211,631 +0.2%
Expenses $4,781,746 $5,026,838 0.0%
Net Income $1,664,704 $184,793 +8.0%
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

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Governance

Voting Members
4
Independent Members
3
Employees
23
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
3
$519,040
Total Directors
4
$519,040
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Lettieri PRESIDENT & CEO 40.0
Officer Director
$466,658 $52,382 $519,040
Adam Ozimek Chief Economist 40.0
Highest
$306,980 $44,861 $351,841
Jennifer Nordquist Executive Vice President 40.0
Highest
$322,834 $17,391 $340,225
Milica Cosic Chief of Staff 40.0
Highest
$214,934 $18,434 $233,368
Kenan Fikri Director of Research 40.0
Highest
$214,779 $10,447 $225,226
Catherine Lyons Director of Policy & Coalition 40.0
Highest
$154,988 $30,452 $185,440
SEAN PARKER CHAIR OF THE BOARD 1.0
Officer Director
$0 $0 $0
MICHAEL POLANKSY SECRETARY/TREASURER 1.0
Officer Director
$0 $0 $0
JAMES LEE SORENSON DIRECTOR 1.0
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 No data No data No data No data
2023 $6,446,450 $4,781,746 $7,784,859 $1,664,704
2022 $5,211,631 $5,026,838 $5,972,654 $184,793
2021 $6,209,477 $4,569,108 $5,887,257 $1,640,369
2020 $4,562,267 $3,482,976 $4,158,156 $1,079,291
2019 $5,545,108 $3,628,546 $3,150,656 $1,916,562
2018 $3,366,456 $3,053,156 $1,076,413 $313,300
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