INNOVATION COLLABORATIVE INC (EIN 471501676) - 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

2014

Legal Domicile

Principal Officer

EUGENE CONNELL

Phone

8144905295

Tax Period

2019-07-01 to 2020-06-30

INNOVATION COLLABORATIVE INC, founded in 2014, is a micro nonprofit that reported $17K in total revenue in fiscal year 2019. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $77K exceeded revenue, resulting in a 367% operating deficit.

Mission

FACILITATING, MEASURING AND COMMUNICATING OUTCOMES FOR THE IMPROVEMENT OF NORTHWESTERN PENNSYLVANIA'S ENTREPRENEURIAL ECO-SYSTEM.

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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 (2019)

Revenue Breakdown

Contributions & Grants $11,250

Program Service Revenue $5,253

Investment Income $2

Other Revenue $5

TOTAL REVENUE $16,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,281

Fundraising Expenses $0

Program Expenses $64,873

Other Expenses $50,818

TOTAL EXPENSES $77,099

Year-over-Year Comparison

	2019	2018	Change
Revenue	$16,510	$69,321	-0.8%
Expenses	$77,099	$112,361	-0.3%
Net Income	$-60,589	$-43,040	+0.4%

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

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

Total Directors

$52,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH ZIMMER	MANAGING DIRECTOR	40.00	Director	$52,800	$0	$52,800
EUGENE CONNELL	TREASURER	1.00	Officer Director	$0	$0	$0
CARL NICOLIA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHNATHAN D'SILVA	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS GRONER	BOARD MEMBER	1.00	Director	$0	$0	$0
BARB WEBER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICE DEGEORGE	BOARD MEMBER	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
2020	$16,510	$77,099	$2,354	$-60,589
2019	$69,321	$112,361	$64,067	$-43,040
2018	$249,174	$208,797	$105,841	$40,377

INNOVATION COLLABORATIVE INC