INTERHAB INNOVATION FOUNDATION (EIN 480856309) - 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

1969

Legal Domicile

Principal Officer

MEGHAN SHREVE

Phone

7852355103

Tax Period

2024-01-01 to 2024-12-31

INTERHAB INNOVATION FOUNDATION, founded in 1969, is a small nonprofit that reported $184K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $438K exceeded revenue, resulting in a 138% operating deficit.

Mission

PROFESSIONAL ASSOCIATION TO ASSIST IN PROVIDING EDUCATIONAL TRAINING IN AREAS OF INTEREST & REPRESENTATION TO MEMBER/NON-MEMBER AGENCIES AND THEIR EMPLOYEES

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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 $179,441

Program Service Revenue $0

Investment Income $1,496

Other Revenue $3,250

TOTAL REVENUE $184,187

Expense Breakdown

Grants Paid $252,427

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $419,763

Other Expenses $185,756

TOTAL EXPENSES $438,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$184,187	$111,804	+0.6%
Expenses	$438,183	$117,000	+2.7%
Net Income	$-253,996	$-5,196	+47.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EILEEN DORAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON SPRATT	SECRETARY	1.00	Officer Director	$0	$0	$0
ED HENRY	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LOCK	TREASURER	1.00	Officer Director	$0	$0	$0
BILL CRAIG	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT FLETCHER	EXECUTIVE DIRECTOR	1.00	Officer	$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	$184,187	$438,183	No data	$-253,996
2023	$111,804	$117,000	$292,956	$-5,196
2021	$6,092	No data	$152,587	No data
2020	$23,887	$4,829	$118,922	$19,058
2019	$844,691	$1,152,333	$201,113	$-307,642
2018	$944,203	$923,316	$348,689	$20,887

INTERHAB INNOVATION FOUNDATION