INTELLIGENT CHANGE INITIATIVES INC

EIN: 611304888 501(c)(3) Science & Technology

LEXINGTON, KY

Total Revenue
N/A
Total Expenses
$2,582
Total Assets
$259,522
Net Assets
$249,800
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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
1996
Legal Domicile
KY
Principal Officer
FT SAMUEL JR
Phone
8592463222
Tax Period
2018-10-01 to 2019-09-30

Mission

TO PROVIDE KENTUCKY SCIENCE & TECHNOLOGY CORP (KSTC) WITH A VEHICLE TO PURSUE AND UNDERTAKE PROJECTS (PRIMARILY IDEAFESTIVAL), WHICH STRENGTHEN THE CAPACITY OF PEOPLE AND ORGANIZATIONS TO APPLY SCIENCE AND TECHNOLOGY AND EFFECTIVELY COMPETE IN THE GLOBAL ECONOMY (CONSISTENT WITH KSTC'S EXEMPT FUNCTION).

Program Service Accomplishments

Program 1
Expenses: $2,207

IDEAFESTIVAL IS AN INTERNATIONAL EVENT THAT FOCUSES ON DISCUSSION AND PRESENTATIO N OF BIG IDEAS AND INNOVATION. SUPPORT FOR THIS EVENT WAS PROVIDED BY DELTA DENTAL, THE UNIVERSITY OF LOUISVILLE, THE...

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IDEAFESTIVAL IS AN INTERNATIONAL EVENT THAT FOCUSES ON DISCUSSION AND PRESENTATIO N OF BIG IDEAS AND INNOVATION. SUPPORT FOR THIS EVENT WAS PROVIDED BY DELTA DENTAL, THE UNIVERSITY OF LOUISVILLE, THE UNIVERSITY OF KENTUCKY, THE PAUL OGLE FOUNDATION, AMERICAN PRINTING, BROWN FORMAN, HUMANA, FEDERAL EXPRESS, THE AUGUSTA BROWN HOLLAND PHILANTHROPIC FOUNDATION, THE JAMES GRAHAM BROWN FOUNDATION, ART WITHOUT WALLS, THE C. E. & S. FOUNDATION, THE CLIFTON FOUNDATION, THE GHEENS FOUNDATION, KENTUCKY COUNCIL ON POSTSECONDARY EDUCATION, LOUISVILLE-JEFFERSON COUNTY METRO GOVERNMENT, AND VARIOUS INDIVIDUALS, BUSINESSES, UNIVERSITIES, COLLEGES AND ORGANIZATIONS. THE IDEAFESTIVAL WAS NOT HELD DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2019. DUE TO FUNDRAISING CONCERNS, THE BOARD OF DIRECTORS IS CONTEMPLATING THE VIABILITY OF FUTURE FESTIVALS.

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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 (2018)

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
Program Expenses $2,207
Other Expenses $2,582
TOTAL EXPENSES $2,582

Year-over-Year Comparison

2018 2017 Change
Revenue N/A $25,367 -1.0%
Expenses $2,582 $59,108 -1.0%
Net Income N/A $-33,741 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
5
Independent Members
4
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
4
$241,831
Total Directors
5
$241,831
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J RONALD GEOGHEGAN CHAIRMAN 1.00
Officer Director
$0 $0 $0
SAM BURCHETT VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
SUSAN WEISS SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
MARK KRISTY DIRECTOR 1.00
Director
$0 $0 $0
FT SAMUEL JR PRESIDENT 2.00
Officer Director
$0 $36,268 $241,831
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
2019 No data $2,582 $259,522 No data
2018 $25,367 $59,108 $258,810 $-33,741
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