CENTER FOR INNOVATION INC

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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

2015

Legal Domicile

Principal Officer

SUSAN RYAN

Phone

4102463806

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR INNOVATION INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 13% surplus.

Mission

CENTER FOR INNOVATION IS THE CATALYST FOR PERSON-DIRECTED LIVING AND EMPOWERED CULTURES IN THE COMMUNITY OF ONE'S CHOICE.

Program Service Accomplishments

Program 1

Expenses: $1,429,172 Revenue: $1,785,042

THROUGH THE PROVISION OF RESOURCES THAT INCLUDE EDUCATION, TECHNICAL ASSISTANCE, PEER NETWORK SUPPORT, ADVOCACY, RESEARCH DATA, AND A SMALL HOME CARE MODEL, WE SUPPORT THE EXPANSION OF FINANCIALLY...

THROUGH THE PROVISION OF RESOURCES THAT INCLUDE EDUCATION, TECHNICAL ASSISTANCE, PEER NETWORK SUPPORT, ADVOCACY, RESEARCH DATA, AND A SMALL HOME CARE MODEL, WE SUPPORT THE EXPANSION OF FINANCIALLY SUSTAINABLE CARE ENVIRONMENTS THAT PROVIDE QUALITY, PERSON DIRECTED CARE, LEAD BY AN EMPOWERED STAFF, WHERE THOSE TO WHOM THEIR CARE HAS BEEN ENTRUSTED, THEIR FAMILIES, AND THEIR CARE PARTNERS, ENGAGE IN MEANINGFUL RELATIONSHIPS BUILT ON EQUALITY, EMPOWERMENT, AND MUTUAL RESPECT.

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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 $620,500

Program Service Revenue $1,783,834

Investment Income $16,960

Other Revenue $1,208

TOTAL REVENUE $2,422,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,176,042

Fundraising Expenses $12,457

Program Expenses $1,429,172

Other Expenses $922,846

TOTAL EXPENSES $2,098,888

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,422,502	$1,400,301	+0.7%
Expenses	$2,098,888	$1,664,303	+0.3%
Net Income	$323,614	$-264,002	-2.2%

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

$343,755

Total Directors

Key Employees

$159,479

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE HOLLERAN	CHAIR	1.00	Officer Director	$0	$0	$0
JILL WILSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARVEL ADAMS	TREASURER	1.00	Officer Director	$0	$0	$0
MARGARET CALKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
DEBORAH REARDANZ	MEMBER	1.00	Director	$0	$0	$0
JEFF ASH	MEMBER	1.00	Director	$0	$0	$0
JOCELYN ELDERS	MEMBER	1.00	Director	$0	$0	$0
THOMAS GILMARTIN	MEMBER	1.00	Director	$0	$0	$0
DAN HERMAN	MEMBER	1.00	Director	$0	$0	$0
KARYN JONES	MEMBER	1.00	Director	$0	$0	$0
JESSICA LUH KIM	MEMBER	1.00	Director	$0	$0	$0
STEVE MCALILLY	MEMBER	1.00	Director	$0	$0	$0
LISA MCCRACKEN	MEMBER	1.00	Director	$0	$0	$0
DANNY O'BRIEN	MEMBER	1.00	Director	$0	$0	$0
JOHN PONTHIE	MEMBER	1.00	Director	$0	$0	$0
MATTHEW TRIMBLE	MEMBER	1.00	Director	$0	$0	$0
AUDREY WEINER	MEMBER	1.00	Director	$0	$0	$0
SUSAN RYAN	PRESIDENT & CEO	40.00	Officer	$192,643	$11,205	$203,848
COLLEEN KAMMAR	CHIEF FINANCIAL OFFICER	25.00	Officer	$139,907	$0	$139,907
MARLA HIEMSTRA DEVRIES	CHIEF LEARNING OFFICER	40.00	Key Emp	$151,713	$7,766	$159,479
CAROL DUMOND-STRYKER	PROJECT COACH	40.00	Highest	$104,562	$14,342	$118,904

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	No data	No data	No data	No data
2023	$2,422,502	$2,098,888	$1,441,791	$323,614
2022	$1,400,301	$1,664,303	$844,525	$-264,002
2021	$1,749,713	$1,728,285	$825,200	$21,428
2020	$1,567,697	$1,658,372	$1,016,619	$-90,675
2019	$1,466,715	$2,068,163	$905,393	$-601,448
2018	$1,636,414	$1,955,535	$1,575,266	$-319,121