MEMPHIS, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE INNOVATION ACADEMY INC, founded in 2014, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $5.2M left a modest 6% surplus.
TO CREATE, ENHANCE AND SUSTAIN OPPORTUNITIES FOR THE CHILDREN AND FAMILIES OF MEMPHIS THROUGH THE COLLABORATIVE DESIGN, IMPLEMENTATION, AND INTEGRATION OF QUALITY EDUCATIONAL EXPERIENCES, CAREER AWARENESS AND SUPPORT SERVICES THAT LEAD TO ACADEMIC SUCCESS, FAMILY PRESERVATION, AND COMMUNITY PROSPERITY.
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 | $5,584,595 | $6,871,705 | -0.2% |
| Expenses | $5,235,944 | $6,023,343 | -0.1% |
| Net Income | $348,651 | $848,362 | -0.6% |
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 |
|---|---|---|---|---|---|---|
| NICOLE TAYLOR | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| OCTAVIA BROWNRIDGE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILEY BROWN CPA | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR BILL ADKINS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DR CHARLES INGRAM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY MANNING | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PAMELA M BROWN | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$141,359 | $0 | $141,359 |
| EFFIE JENKINS-SMITH | CHIEF ACADEMIC OFFICER | 40.00 |
Officer
|
$19,045 | $0 | $19,045 |
| VENITA MARTIN-ANDREWS | DIRECTOR OF FINANCE | 40.00 |
Officer
|
$90,766 | $0 | $90,766 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $5,584,595 | $5,235,944 | $5,194,220 | $348,651 |
| 2024 | $6,871,705 | $6,023,343 | $4,660,203 | $848,362 |
| 2023 | $5,651,930 | $5,014,256 | $4,065,155 | $637,674 |
| 2023 | $5,810,336 | $5,142,587 | $4,223,561 | $667,749 |
| 2022 | $5,375,258 | $4,664,213 | $3,617,030 | $711,045 |
| 2021 | $5,143,753 | $4,482,304 | $1,937,490 | $661,449 |
| 2020 | $4,355,623 | $4,798,587 | $1,954,909 | $-442,964 |
| 2018 | $4,519,119 | $4,079,673 | $1,945,934 | $439,446 |
Compare THE INNOVATION ACADEMY INC with other nonprofits in Tennessee and across the country.