IF INNOVATION FOUNDATION (EIN 475128821) - 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

2017

Legal Domicile

Principal Officer

LAURI FIRSTENBERG

Phone

3105631010

Tax Period

2024-01-01 to 2024-12-31

IF INNOVATION FOUNDATION, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $433K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $416K left a modest 4% surplus.

Mission

IF INNOVATION FOUNDATION IS DEDICATED TO THE PRODUCTION OF NEW WORKS OF ART STAGED

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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 (2024)

Revenue Breakdown

Contributions & Grants $433,286

Program Service Revenue $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $433,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $415,050

Other Expenses $415,672

TOTAL EXPENSES $415,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,295	$293,001	+0.5%
Expenses	$415,672	$291,581	+0.4%
Net Income	$17,623	$1,420	+11.4%

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

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
JB BOGULSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
LAURI FIRSTENBERG	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ELAINE SIR	TREASURER	2.00	Officer 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
2024	$433,295	$415,672	$24,334	$17,623
2023	$293,001	$291,581	$6,711	$1,420

IF INNOVATION FOUNDATION