Innovation Fund Foundation Inc (EIN 471881242) - 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

Joy Hawkins

Phone

4044631160

Tax Period

2021-07-01 to 2021-12-31

Innovation Fund Foundation Inc, founded in 2013, is a small nonprofit that reported $391K in total revenue in fiscal year 2021. Revenue surged 502% from the prior year, signaling strong growth momentum. The organization ran a surplus of $385K, a strong 98% operating margin.

Mission

The Innovation Fund Foundation, Inc. supports the work of the Governor's Office of Student Achievement in planning, implementing or scaling innovative education programs. The Governor's Office of Student Achievement oversees and administers the Innovation Fund, which invests in innovative projects focused on the Governor's educatonal priority areas. The Innovation Fund Foundation, Inc. will support the Innovation Fund's work as well as the Governor's Honor Program GHP, a statewide residential summer program for gifted and talented high school students.

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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 (2021)

Revenue Breakdown

Contributions & Grants $124,572

Program Service Revenue $0

Investment Income $32

Other Revenue $266,422

TOTAL REVENUE $391,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,890

TOTAL EXPENSES $5,890

Year-over-Year Comparison

	2021	2020	Change
Revenue	$391,026	$64,902	+5.0%
Expenses	$5,890	$314,569	-1.0%
Net Income	$385,136	$-249,667	-2.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Dudgeon	Chairman	0.50	Officer Director	$0	$0	$0
Jodie Snow	Treasurer	0.50	Officer Director	$0	$0	$0
Ed Chang	Director	0.50	Director	$0	$0	$0
Jason Anavitarte	Director	0.50	Director	$0	$0	$0
Joy Hawkins	Secretary	0.50	Officer Director	$0	$0	$0
Jack Parish	Director	0.50	Director	$0	$0	$0
Rep Valencia Stovall	Director	0.50	Director	$0	$0	$0
Paula Weeks	Director	0.50	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
2021	$64,902	$314,569	$814,837	$-249,667
2021	$391,026	$5,890	No data	$385,136
2020	$30,477	$1,579,682	$1,286,451	$-1,549,205
2019	$654,263	$85,838	$2,121,466	$568,425
2018	$1,508,808	$3,519	$1,554,650	$1,505,289

Innovation Fund Foundation Inc