ALBUQUERQUE, NM
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
INNOVATE ABQ INC. IS A PUBLIC/PRIVATE PARTNERSHIP UNDER THE LEADERSHIP OF THE UNIVERSITY OF NEW MEXICO FOR THE DEVELOPMENT OF AN INNOVATION DISTRICT LOCATED SYNERGISTICALLY BETWEEN THE UNIVERSITY OF NEW MEXICO AND DOWNTOWN ALBUQUERQUE, NEW MEXICO. THE PROJECT INCLUDES PLANNING FOR AND DEVELOPMENT OF A CORE SITE IN DOWNTOWN ALBUQUERQUE WITHIN A LARGER SURROUNDING RESEARCH AND HIGH-TECHNOLOGY BUSINESS DISTRICT THAT WILL SERVE AS A CATALYST FOR A NEW INNOVATION ECONOMY IN NEW MEXICO. THE VISION FOR INNOVATE ABQ INC. IS THE CREATION OF AN INTEGRATED, HIGHLY CONNECTED TECHNOLOGY COMMUNITY THAT WILL FOSTER INNOVATION, TECHNOLOGICAL ADVANCEMENT, AND ENTREPRENEURIAL ACTIVITY. THE COMMUNITY MAY INCLUDE COMPATIBLE RESEARCH AND COMMERCIAL LABS, SCIENCE AND TECHNOLOGY COMPANIES, EDUCATIONAL PROGRAMS, BUSINESS SERVICES, SUPPORT SERVICES, COMMERCIAL AND RETAIL BUSINESSES, RESIDENTIAL LIVING SPACES, AND A BUSINESS INCUBATOR.
TO DEVELOP AN INNOVATION DISTRICT IN ALBUQUERQUE, NEW MEXICO.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare INNOVATE ABQ INC with other nonprofits in New Mexico and across the country.