INNOVATE ABQ INC (EIN 472386705) - 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

CARLOS PEREA

Phone

5059251610

Tax Period

2019-07-01 to 2020-06-30

INNOVATE ABQ INC, founded in 2014, is a small nonprofit that reported $768K in total revenue in fiscal year 2019. Revenue surged 161% from the prior year, signaling strong growth momentum. Net assets of $7.5M represent 117 months of operating reserves.

Mission

TO DEVELOP AN INNOVATION DISTRICT LOCATED SYNERGISTICALLY BETWEEN THE UNIVERSITY OF NEW MEXICO AND DOWNTOWN ALBUQUERQUE, NM.

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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 $419,324

Program Service Revenue $137,362

Investment Income $0

Other Revenue $211,046

TOTAL REVENUE $767,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,922

Fundraising Expenses $0

Program Expenses $493,434

Other Expenses $472,237

TOTAL EXPENSES $759,159

Year-over-Year Comparison

	2019	2018	Change
Revenue	$767,732	$293,740	+1.6%
Expenses	$759,159	$886,331	-0.1%
Net Income	$8,573	$-592,591	-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

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

$150,000

Total Directors

$1,480,046

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLOS PEREA	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL BUEHLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WANETA TUTTLE	VICE CHAIR (THROUGH 7/30/19)	1.00	Officer Director	$0	$0	$0
CHUCK WELLBORN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD LARSON	DIRECTOR	1.00	Director	$0	$102,694	$640,449
GARNETT STOKES	DIRECTOR	1.00	Director	$0	$116,473	$591,864
TERESA COSTANTINIDIS	DIRECTOR	1.00	Director	$0	$80,351	$247,733
PAT VINCENT-COLLAWN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF APODACA	DIRECTOR (THROUGH 7/30/19)	1.00	Director	$0	$0	$0
JOHN SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
LONNIE C TALBERT	CHAIR	1.00	Director	$0	$0	$0
KATHARINE WINOGRAD	DIRECTOR (THROUGH 12/31/19)	1.00	Director	$0	$0	$0
TIM KELLER	DIRECTOR	1.00	Director	$0	$0	$0
TRACY HARTZLER	DIRECTOR	1.00	Director	$0	$0	$0
DAN LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FREISINGER PRESIDENT AND	EXECUTIVE DR. (THROUGH 6/30/20)	40.00	Officer	$150,000	$0	$150,000
KELLY WARD	DIRECTOR OF DEVELOPMENT & PLACEMAKING	40.00	Highest	$115,000	$0	$115,000

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
2020	$767,732	$759,159	$7,648,683	$8,573
2020	$196,882	$402,992	No data	$-206,110
2019	$293,740	$886,331	$7,599,754	$-592,591
2018	$839,079	$848,704	$8,182,900	$-9,625

INNOVATE ABQ INC