NATIONAL INVENTORS HALL OF FAME SE… - Form 990 Financial Data

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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

1977

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $237,072

THE NATIONAL INVENTORS HALL OF FAME SELECTION BOARD, INC. HONORS THE WOMEN AND MEN RESPONSIBLE FOR THE GREAT TECHNOLOGICAL ADVANCES THAT MAKE HUMAN, SOCIAL AND ECONOMIC PROGRESS POSSIBLE. THE...

THE NATIONAL INVENTORS HALL OF FAME SELECTION BOARD, INC. HONORS THE WOMEN AND MEN RESPONSIBLE FOR THE GREAT TECHNOLOGICAL ADVANCES THAT MAKE HUMAN, SOCIAL AND ECONOMIC PROGRESS POSSIBLE. THE NATIONAL INVENTORS HALL OF FAME SELECTION BOARD, INC. IS RESPONSIBLE FOR RESEARCHING AND DEVELOPING THE CONTENT FOR RECOGNIZING THESE INVENTORS.

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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 $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

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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

$1,724,826

Total Directors

Key Employees

Highest Compensated

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

NATIONAL INVENTORS HALL OF FAME SELECTION BOARD INC