NATIONAL INVENTORS HALL OF FAME SELECTION BOARD INC

EIN: 521088781 501(c)(3) Education

NORTH CANTON, OH

Total Revenue
$238,787
Total Expenses
$237,947
Total Assets
N/A
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
DC
Principal Officer
TAYLOR SMITH
Phone
3308496952
Tax Period
2023-01-01 to 2023-12-31

NATIONAL INVENTORS HALL OF FAME SELECTION BOARD INC, founded in 1977, is a small nonprofit in the Education sector that reported $239K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

A CATALYST FOR CHANGE THROUGH RECOGNIZING INVENTORS AND INVENTION, PROMOTING CREATIVITY, AND ADVANCING THE SPIRIT OF INNOVATION AND ENTREPRENEURSHIP

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $238,787
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $238,787

Expense Breakdown

Grants Paid $0
Salaries & Benefits $200,584
Fundraising Expenses $0
Program Expenses $237,072
Other Expenses $37,363
TOTAL EXPENSES $237,947

Year-over-Year Comparison

2023 2022 Change
Revenue $238,787 $296,561 -0.2%
Expenses $237,947 $296,916 -0.2%
Net Income $840 $-355 -3.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
6
$1,724,826
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL OISTER EX OFFICIO 1.0
Officer
$0 $227,960 $959,601
MONICA JONES PRESIDENT 1.0
Officer
$0 $74,158 $443,107
RINI PAIVA SECRETARY 6.0
Officer
$0 $11,105 $164,259
STEPHEN HAMROCK TREASURER 1.0
Officer
$0 $24,962 $157,859
RUSSELL D SLIFER CHAIRMAN 1.0
Officer Director
$0 $0 $0
FREDERICK E ALLEN VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
EDWARD W GRAY JR AMBASSADOR 1.0
Director
$0 $0 $0
W BERNARD CARLSON DIRECTOR 1.0
Director
$0 $0 $0
FRANCES LIGLER DIRECTOR 1.0
Director
$0 $0 $0
ERIC R FOSSUM DIRECTOR 1.0
Director
$0 $0 $0
DEBORAH COHN DIRECTOR 1.0
Director
$0 $0 $0
GEORGE ELLIOTT DIRECTOR 1.0
Director
$0 $0 $0
NOREEEN KRALL DIRECTOR 1.0
Director
$0 $0 $0
SANDRA NOWAK DIRECTOR 1.0
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 No data No data No data No data
2023 $238,787 $237,947 No data $840
2022 $296,561 $296,916 No data $-355
2021 $228,396 $227,081 No data $1,315
2020 $195,492 $194,912 No data $580
2019 $228,606 $227,922 No data $684
2018 $193,883 $194,007 No data $-124
Explore More Nonprofits
→Top 100 Nonprofits in Ohio →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NATIONAL INVENTORS HALL OF FAME SELECTION BOARD INC with other nonprofits in Ohio and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.