INNOVATION EDUCATION (EIN 473886933) - 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

KAREN BARCUS

Phone

6617183699

Tax Period

2023-07-01 to 2024-06-30

INNOVATION EDUCATION, founded in 2014, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $221K, a strong 17% operating margin.

Mission

TO PROMOTE POSITIVE CHOICES FOR YOUNG ADULTS AND PROVIDE HIGH QUALITY EDUCATIONAL SERVICES AND SUPPORT TO THE PUBLIC

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,312,674

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,312,674

Expense Breakdown

Grants Paid $73,580

Salaries & Benefits $785,777

Fundraising Expenses $0

Program Expenses $1,088,961

Other Expenses $232,676

TOTAL EXPENSES $1,092,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,312,674	$1,248,855	+0.1%
Expenses	$1,092,033	$1,157,495	-0.1%
Net Income	$220,641	$91,360	+1.4%

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

N/A

Employees

102

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

$100,593

Total Directors

$151,592

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BARCUS	President	40.00	Officer Director	$100,593	$0	$100,593
RHONDA LEVINE	Director	40.00	Director	$43,619	$0	$43,619
LAURA KONISEK	Director	5.00	Director	$7,380	$0	$7,380

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	No data	No data	No data	No data
2024	$1,312,674	$1,092,033	$473,911	$220,641
2023	$1,248,855	$1,157,495	$253,270	$91,360
2022	$872,294	$757,927	$161,910	$114,367
2021	$261,884	$274,970	$153,404	$-13,086
2020	$542,896	$607,374	$60,629	$-64,478
2019	$743,442	$721,391	$125,107	$22,051

INNOVATION EDUCATION