Birmingham, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INNOVATION DEPOT INC, founded in 1985, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2017. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 6% surplus.
To incubate and accelerate tech & bio-focused, high growth businesses by providing teams with a proven blueprint for success, support in strategic areas, and access to an inclusive and supportive community. We add value by being a catalyst for growth to our members, partners, and community.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $5,731,968 | $1,182,427 | +3.8% |
| Expenses | $3,233,777 | $1,760,090 | +0.8% |
| Net Income | $2,498,191 | $-577,663 | -5.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Childs James | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Geisen Jonathan | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| McDonald John | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| McGlaun Scott | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Owen John | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Price Gene | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Simth Lee | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Watts Ray | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Wright Will | Vice Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Girvin Josh | Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Goodrich Bebe | Immediate Past Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Gillis Brooke | CEO | 40.00 |
Officer
|
$254,334 | $0 | $254,334 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $5,731,968 | $3,233,777 | $16,239,208 | $2,498,191 |
| 2022 | $2,997,256 | $3,442,568 | $15,060,564 | $-445,312 |
| 2022 | $1,192,427 | $1,668,584 | $14,266,683 | $-476,157 |
| 2022 | $1,182,427 | $1,760,090 | $14,237,950 | $-577,663 |
| 2021 | $3,165,143 | $3,466,264 | $15,832,125 | $-301,121 |
| 2020 | $3,144,705 | $3,112,895 | $15,861,384 | $31,810 |
| 2019 | $3,351,433 | $3,332,466 | $15,647,592 | $18,967 |
| 2018 | $3,462,796 | $3,266,921 | $15,945,504 | $195,875 |
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