BUSINESS INNOVATION FACTORY (EIN 522446909) - 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

2004

Legal Domicile

Principal Officer

Saul Kaplan

Phone

4012820536

Tax Period

2023-01-01 to 2023-12-31

BUSINESS INNOVATION FACTORY, founded in 2004, is a small nonprofit that reported $378K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $788K exceeded revenue, resulting in a 109% operating deficit.

Mission

Solving major problems in areas such as Healthcare, Education, and Citizen action.

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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 $791

Program Service Revenue $377,200

Investment Income $0

Other Revenue $0

TOTAL REVENUE $377,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,179

Fundraising Expenses $0

Program Expenses $706,465

Other Expenses $612,104

TOTAL EXPENSES $788,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$377,991	$281,247	+0.3%
Expenses	$788,283	$412,100	+0.9%
Net Income	$-410,292	$-130,853	+2.1%

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

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

$99,892

Total Directors

$99,892

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Saul Kaplan	Chief Catalyst	40	Officer Director Highest	$87,500	$12,392	$99,892
Donald Stanford	Treasurer	0	Officer	$0	$0	$0
Robert Taylolr	Secretary	0	Officer	$0	$0	$0
Mickey Ackerman	Director	0	Officer	$0	$0	$0
Lorne Adrian	Director	0	Officer	$0	$0	$0
Kare Anderson	Director	0	Officer	$0	$0	$0
Vala Afshar	Director	0	Officer	$0	$0	$0
Angela Blanchard	Director	0	Officer	$0	$0	$0
Irwin Kula	Director	0	Officer	$0	$0	$0
Bruce Linton	Director	0	Officer	$0	$0	$0
Deb Mills-Scofield	Director	0	Officer	$0	$0	$0
Barry Svigals	Director	0	Officer	$0	$0	$0
Alice Wilder	Director	0	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
2023	$377,991	$788,283	No data	$-410,292
2022	$281,247	$412,100	$410,292	$-130,853
2021	$652,006	$817,249	$560,020	$-165,243
2020	$215,487	$830,985	$959,999	$-615,498
2019	$322,475	$1,680,709	$1,406,225	$-1,358,234
2018	$1,165,661	$2,124,541	$2,745,880	$-958,880

BUSINESS INNOVATION FACTORY