WAKE FOREST INNOVATION QUARTER DEVELOPMENT CO

EIN: 562094067 Community Improvement

WINSTONSALEM, NC

Total Revenue
N/A
Total Expenses
$44,606
Total Assets
$383,075
Net Assets
$368,206
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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
1998
Legal Domicile
NC
Principal Officer
TERRY L HALES JR
Phone
3367164445
Tax Period
2020-07-01 to 2021-06-30

Mission

TO FOSTER THE DEVELOPMENT OF TECHNOLOGY THROUGH THE EDUCATION OF COMMUNITY LEADERS AND THE DEVELOPMENT OF A RESEARCH PARK.

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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%)

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Financial Overview (2020)

Revenue Breakdown

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

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $44,606
TOTAL EXPENSES $44,606

Year-over-Year Comparison

2020 2019 Change
Revenue N/A $10,826 -1.0%
Expenses $44,606 $29,953 +0.5%
Net Income N/A $-19,127 N/A
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
3
$1,569,474
Total Directors
3
$1,569,474
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J REID MORGAN DIRECTOR, SECRETARY 0.20
Officer Director
$0 $140,201 $800,053
TERRY L HALES JR DIRECTOR, PRESIDENT 0.20
Officer Director
$0 $137,670 $769,421
J MCLAIN WALLACE JR DIRECTOR, TREASURER 0.20
Officer 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
2021 No data $44,606 $383,075 No data
2021 No data $14,105 $354,101 No data
2020 $10,826 $29,953 $412,812 $-19,127
2019 No data $25,715 $431,939 No data
2018 No data $28,445 $457,654 No data
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