INSPIRE INNOVATION LAB (EIN 470973679) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

CARRIE LEOPOLD

Phone

2184771370

Tax Period

2022-07-01 to 2023-06-30

INSPIRE INNOVATION LAB is a 501(c)(3) with EIN 470973679, based in MOORHEAD, MN. Founded in 2014, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $391,434 in total revenue and $383,244 in total expenses, with net assets of $17,126.

Mission

TO PROVIDE PROFESSIONAL DEVELOPMENT, STUDENT PROGRAMMING, AND INNOVATIVE LEARNING EXPERIENCES FOR TEACHERS, STUDENTS AND THE COMMUNITY IN AN EFFORT TO ACHIEVE WIDESPREAD EDUCATIONAL IMPACT WITH A FOCUS TOWARD THE EMPOWERMENT OF UNDERREPRESENTED GROUPS.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $56,846

Program Service Revenue $334,472

Investment Income $116

Other Revenue $0

TOTAL REVENUE $391,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,794

Fundraising Expenses $0

Program Expenses $360,141

Other Expenses $147,450

TOTAL EXPENSES $383,244

Year-over-Year Comparison

	2022	2021	Change
Revenue	$391,434	$289,326	+0.4%
Expenses	$383,244	$273,186	+0.4%
Net Income	$8,190	$16,140	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH BUFFALO	BOARD MEMBER	N/A	Director	$0	$0	$0
LILLIAN JONES	BOARD MEMBER	N/A	Director	$0	$0	$0
CARRIE LEOPOLD	PRES/BOARD C	N/A	Officer Director	$0	$0	$0
ALLEN RALSTON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PATRICIA SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
LATHA SWENSON	BOARD MEMBER	N/A	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	$391,434	$383,244	$38,316	$8,190
2022	$289,326	$273,186	$34,551	$16,140

INSPIRE INNOVATION LAB