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 $5.7M in total revenue in fiscal year 2023. Revenue surged 385% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 44% operating margin.
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.
Innovation Depot is a business incubation program operating in partnership with the University of Alabama at Birmingham. The program is housed in a 140,000 square foot facility that focuses on the...
Innovation Depot is a business incubation program operating in partnership with the University of Alabama at Birmingham. The program is housed in a 140,000 square foot facility that focuses on the development and growth of emerging biotech/life science, information technology, engineering technology, and business service companies. The program provides an opportunity for these businesses to develop, grow, and succeed by offering management assistance, identifying financing alternatives, and providing a business incubation center. Funding is provided by the Birmingham regional business community, the Community Foundation of Greater Birmingham, UAB, the city of Birmingham, and other private foundations.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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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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