INNOVATEEDU INC

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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

ERIN MOTE

Phone

3475938369

Tax Period

2024-07-01 to 2025-06-30

INNOVATEEDU INC, founded in 2013, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

INNOVATEEDU CATALYZES EDUCATION TRANSFORMATION BY BRIDGING GAPS IN DATA, POLICY, PRACTICE, AND RESEARCH TO CENTER THE NEEDS OF THE FIELD IN ACCELERATING INNOVATION TOWARDS AN EQUITABLE, INCLUSIVE AND RADICALLY DIFFERENT FUTURE FOR ALL LEARNERS.

Program Service Accomplishments

Program 1

Expenses: $1,712,064 Revenue: $0

BRINGING TOGETHER STAKEHOLDERS IN THE FIELD OF EDUCATION TO SOLVE SHARED CHALLENGES INCLUDING AROUND STAFFING, TECHNOLOGY, AND SUPPORTING STUDENTS WITH DISABILITIES: INNOVATEEDU LEADS COALITIONS THAT BRING TOGETHER A RANGE OF STAKEHOLDERS IN THE FIELD OF EDUCATION TO SOLVE CHALLENGES - SUCH AS STAFFING IN SCHOOLS, REMOTE LEARNING, TECHNOLOGY, AND EDUCATING STUDENTS WITH DISABILITIES THROUGH EVENTS, RESOURCE DEVELOPMENT AND COMMUNITY BUILDING.

Program 2

Expenses: $375,976 Revenue: $0

WORK ON DATA INTEROPERABILITY IN K-12 EDUCATION:INNOVATEEDU LEADS A NATIONWIDE EFFORT TO IMPROVE DATA INTEROPERABILITY IN K-12 EDUCATION; CONVENES SCHOOL-BASED PRACTITIONERS WORKING TO SOLVE...

WORK ON DATA INTEROPERABILITY IN K-12 EDUCATION:INNOVATEEDU LEADS A NATIONWIDE EFFORT TO IMPROVE DATA INTEROPERABILITY IN K-12 EDUCATION; CONVENES SCHOOL-BASED PRACTITIONERS WORKING TO SOLVE CHALLENGES AND RECEIVE PROFESSIONAL DEVELOPMENT RELATED TO DATA IN EDUCATION; AND PROVIDES TECHNICAL ASSISTANCE TO SCHOOLS/DISTRICTS.

Program 3

Expenses: $313,967 Revenue: $0

AFTER SCHOOL PROGRAM FOR MIDDLE SCHOOL STUDENTS:INNOVATEEDU OPERATES AN AFTERSCHOOL PROGRAM FOR MIDDLE SCHOOL STUDENTS WITH ACTIVITIES INCLUDING ARTS, ATHLETICS, STEM, AND LEADERSHIP DEVELOPMENT.

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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 $2,563,334

Program Service Revenue $0

Investment Income $95

Other Revenue $4,995

TOTAL REVENUE $2,568,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,711,522

Fundraising Expenses $42,026

Program Expenses $2,595,856

Other Expenses $1,400,700

TOTAL EXPENSES $3,112,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,568,424	$3,113,100	-0.2%
Expenses	$3,112,222	$4,244,778	-0.3%
Net Income	$-543,798	$-1,131,678	-0.5%

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

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

$320,128

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN HODAS	CHAIR	1.00	Officer Director	$0	$0	$0
KATRINA STEVENS	TREASURER	1.00	Officer Director	$0	$0	$0
ELYSE BURDEN	DIRECTOR	1.00	Director	$0	$0	$0
WINSTON DALEY	DIRECTOR	1.00	Director	$0	$0	$0
SUNIL GUNDERIA	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR PEREIRA JR	DIRECTOR	1.00	Director	$0	$0	$0
ERIN MOTE - EX-OFFICIO BOARD	MEMBER / EXECUTIVE DIRECTO	45.00	Officer	$245,000	$75,128	$320,128
TREAH HUTCHINGS - MD OF THE	SECTOR CAPACITY BUILDING PORTFOLIO	45.00	Highest	$101,521	$23,959	$125,480
CATHERINE COCHRAN	MANAGING DIR., NPSS SUPP.	45.00	Highest	$134,578	$4,627	$139,205

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
2025	$2,568,424	$3,112,222	$4,268,395	$-543,798
2024	$3,113,100	$4,244,778	$4,628,746	$-1,131,678
2023	$4,862,256	$4,210,732	$5,927,124	$651,524
2022	$5,723,231	$3,718,083	$5,320,526	$2,005,148
2021	$3,180,754	$3,449,535	$3,724,321	$-268,781
2020	$3,621,876	$2,654,622	$3,520,768	$967,254
2019	$2,064,452	$3,103,129	$2,261,098	$-1,038,677
2018	$5,073,517	$3,743,983	$3,368,271	$1,329,534