JANESVILLE INNOVATION INC (EIN 463516056) - 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

2013

Legal Domicile

Principal Officer

JAMES OTTERSTEIN

Phone

6087553059

Tax Period

2023-01-01 to 2023-12-31

JANESVILLE INNOVATION INC, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $140K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $121K left a modest 14% surplus.

Mission

THE CORPORATION'S ACTIVITIES ARE INTENDED TO PROVIDE AN OPPORTUNITY TO SMALLER, LOCALLY OWNED ENTREPRENEURIAL FIRMS TO BE NURTURED THROUGH THEIR FORMATIVE YEARS. RECRUITING AND ASSISTING THESE BUSINESSES, WITH HIGH POTENTIAL FOR GROWTH, EQUATES TO INCREASING JOB OPPORTUNITIES FOR UNEMPLOYED AND UNDEREMPLOYED JANESVILLE AREA RESIDENTS. THE CORPORATION'S PRINCIPAL SERVICE AREA IS THE CITY OF JANESVILLE, WHICH HAS MET THE ECONOMIC DISTRESS CRITERIA AS ESTABLISHED BY THE UNITED STATES DEPT. OF COMMERCE, ECONOMIC DEVELOPMENT ADMINISTRATION. ECONOMIC CONDITIONS IN THIS AREA INCLUDE HIGHER UNEMPLOYMENT RATES THAN OTHER SECTIONS OF THE COUNTRY, LOW PER CAPITA INCOME, AN UNUSUALLY HIGH NUMBER OF PLANT CLOSINGS AND A SIGNIFICANT NUMBER OF LOST MANUFACTURING JOBS.

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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 $5

Program Service Revenue $139,840

Investment Income $0

Other Revenue $0

TOTAL REVENUE $139,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $113,333

Other Expenses $120,959

TOTAL EXPENSES $120,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$139,845	$171,471	-0.2%
Expenses	$120,959	$193,314	-0.4%
Net Income	$18,886	$-21,843	-1.9%

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

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

$269,371

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN LAHNER	DIRECTOR	1.00	Director	$0	$0	$149,801
JIMSI KUBORN	DIRECTOR	1.00	Director	$0	$14,898	$119,570
JAMES OTTERSTEIN	PRESIDENT	1.00	Director	$0	$0	$0
MARK GREGORY	VICE PRESIDENT	1.00	Director	$0	$0	$0
ANGELA PAKES	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE KEPNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MARSHICK	DIRECTOR	1.00	Director	$0	$0	$0
DR TRACY PIERNER	DIRECTOR	1.00	Director	$0	$0	$0
DR TRICIA CLASEN	DIRECTOR	1.00	Director	$0	$0	$0
ERIN CURRIER	DIRECTOR	1.00	Director	$0	$0	$0
JON BALLARD	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHAUNA EL-AMIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WERNER	DIRECTOR	1.00	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	$139,845	$120,959	$11,033	$18,886
2022	$171,471	$193,314	$19,949	$-21,843
2021	$92,289	$171,466	$10,976	$-79,177
2020	$148,154	$187,243	$42,202	$-39,089
2019	$175,074	$153,799	$51,395	$21,275
2018	$149,827	$153,661	$24,324	$-3,834
2017	$214,379	$187,873	$41,533	$26,506

JANESVILLE INNOVATION INC