PURSUIT OF INNOVATION

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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

NANCY MWIROTSI

Phone

5155189371

Tax Period

2025-01-01 to 2025-12-31

PURSUIT OF INNOVATION, founded in 2014, is a small nonprofit in the Youth Development sector that reported $392K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $834K exceeded revenue, resulting in a 113% operating deficit.

Mission

We teach technology to underserved youth

Program Service Accomplishments

Program 1

Expenses: $570,810

Our mission is to challenge, inspire and teach technology skills to students with potential. Empowering refugee and underserved youth to achieve success, garner influence and gain stability in their

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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 (2025)

Revenue Breakdown

Contributions & Grants $392,001

Program Service Revenue $346

Investment Income $0

Other Revenue $0

TOTAL REVENUE $392,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $410,744

Fundraising Expenses $11,502

Program Expenses $570,810

Other Expenses $423,050

TOTAL EXPENSES $833,794

Year-over-Year Comparison

	2025	2024	Change
Revenue	$392,347	$343,716	+0.1%
Expenses	$833,794	$562,813	+0.5%
Net Income	$-441,447	$-219,097	+1.0%

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

N/A

Independent Members

N/A

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

$130,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY MWIROTSI	EXECUTIVE DIRECTOR	60.00	Director	$130,000	$0	$130,000

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	$392,347	$833,794	$166,416	$-441,447
2024	$343,716	$562,813	$297,815	$-219,097
2023	$771,468	$659,522	$467,117	$111,946
2022	$614,816	$495,874	$351,877	$118,942
2021	$194,430	$134,923	$135,712	$59,507