I2E INC

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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

1997

Legal Domicile

Principal Officer

REX SMITHERMAN

Phone

4052352252

Tax Period

2023-07-01 to 2024-06-30

I2E INC, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $5.1M exceeded revenue, resulting in a 47% operating deficit.

Mission

OUR MISSION IS INVESTING IN ENTREPRENEURS TO BUILD SUCCESSFUL HIGH GROWTH COMPANIES IN OKLAHOMA.

Program Service Accomplishments

Program 1

Expenses: $1,298,248

THE ORGANIZATION MANAGES AND OPERATES THE OKLAHOMA TECHNOLOGY COMMERCIALIZATION CENTER ("OTCC"), A PROGRAM OF THE OKLAHOMA CENTER FOR THE ADVANCEMENT OF SCIENCE AND TECHNOLOGY ("OCAST") UNDER AN...

THE ORGANIZATION MANAGES AND OPERATES THE OKLAHOMA TECHNOLOGY COMMERCIALIZATION CENTER ("OTCC"), A PROGRAM OF THE OKLAHOMA CENTER FOR THE ADVANCEMENT OF SCIENCE AND TECHNOLOGY ("OCAST") UNDER AN ANNUAL CONTRACT. THE OTCC PROGRAM AND CONTRACT WERE ORGANIZED TO HELP SPUR ECONOMIC GROWTH IN THE STATE BY PROMOTING AND ASSISTING OKLAHOMA-BASED TECHNOLOGY COMPANIES. THE ORGANIZATION PERFORMS CERTAIN BUSINESS, RESEARCH, AND PLANNING SERVICES FOR SMALL COMPANIES IN THE AREAS OF MARKETING, DEVELOPMENT, AND FINANCE.

Program 2

Expenses: $199,256

THE ORGANIZATION ALSO OPERATES THE TECHNOLOGY BUSINESS FINANCE PROGRAM ("TBFP"), A PROGRAM OF OCAST, UNDER AN ANNUAL CONTRACT. TBFP'S PRIMARY MISSION IS TO PROVIDE EARLY STAGE, PROOF-OF-CONCEPT...

THE ORGANIZATION ALSO OPERATES THE TECHNOLOGY BUSINESS FINANCE PROGRAM ("TBFP"), A PROGRAM OF OCAST, UNDER AN ANNUAL CONTRACT. TBFP'S PRIMARY MISSION IS TO PROVIDE EARLY STAGE, PROOF-OF-CONCEPT FUNDING TO QUALIFIED OKLAHOMA COMPANIES THAT ARE COMMERCIALIZING NEW PRODUCTS, SERVICES AND PROCESSES FOR THE PURPOSE OF EXPANDING AND DIVERSIFYING THE STATE'S ECONOMY AND PROVIDING HIGHER QUALITY JOBS FOR THE STATE'S CITIZENS.UNDER THE TBFP PROGRAM, THE ORGANIZATION IS RESPONSIBLE FOR RECOMMENDING AND PROVIDING FINANCIAL AWARDS TO QUALIFIED RECIPIENTS AS DEFINED BY ITS CONTRACT WITH OCAST. UPON OCAST'S APPROVAL OF THE AWARD FINANCING AGREEMENTS, THE ORGANIZATION RECEIVES FUNDING FROM OCAST TO BE DISTRIBUTED TO AWARDEES. THE AWARDEES ARE REQUIRED TO REPAY THE FINANCIAL AWARDS IN ACCORDANCE WITH THE TERMS SET FORTH IN THE AWARD AGREEMENT.

Program 3

Expenses: $399,382

LOVE'S ENTREPRENEUR CUP BUSINESS PLAN COMPETITIONTHE BUSINESS PLAN COMPETITION IS FUNDED BY THE LOVE'S CORPORATION AND OTHER SPONSORS THROUGHOUT THE STATE OF OKLAHOMA. STUDENTS INVOLVED IN THE...

LOVE'S ENTREPRENEUR CUP BUSINESS PLAN COMPETITIONTHE BUSINESS PLAN COMPETITION IS FUNDED BY THE LOVE'S CORPORATION AND OTHER SPONSORS THROUGHOUT THE STATE OF OKLAHOMA. STUDENTS INVOLVED IN THE COMPETITION GAIN ACCESS TO NETWORKS OF SUCCESSFUL ENTREPRENEURS, LENDERS AND INVESTORS, TEAM-BUILDING OPPORTUNITIES, BUSINESS PLANNING SKILLS, AND MEDIA EXPOSURE. ONE OF THE GOALS OF THE COMPETITION IS TO ENCOURAGE THE DEVELOPMENT AND COMMERCIALIZATION OF IDEAS AND TECHNOLOGIES BEING DISCOVERED IN OUR UNIVERSITIES. THE DONALD W. REYNOLD'S FOUNDATION PREVIOUSLY SPONSORED THIS COMPETITION. THE REYNOLD'S FOUNDATION SPONSORSHIP ENDED IN FY16. BEGINNING IN FY17, THE LOVE'S CORPORATION AGREED TO BE A MAJOR SPONSOR OF THIS COMPETITION.

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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 $2,706,990

Program Service Revenue $1,424,894

Investment Income $-722,846

Other Revenue $25,000

TOTAL REVENUE $3,434,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,685,617

Fundraising Expenses $50,292

Program Expenses $4,448,256

Other Expenses $3,376,561

TOTAL EXPENSES $5,062,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,434,038	$6,662,200	-0.5%
Expenses	$5,062,178	$5,231,839	0.0%
Net Income	$-1,628,140	$1,430,361	-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

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

$884,421

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSE WASHINGTON-JONES	CHAIRMAN	1.00	Director	$0	$0	$0
MARK POOLE	VICE CHAIRMAN	1.00	Director	$0	$0	$0
HOWARD G BARNETT JR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BASCH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CROPPER	DIRECTOR	1.00	Director	$0	$0	$0
CARL EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP ELLER	DIRECTOR	1.00	Director	$0	$0	$0
TOM EVANS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY GILLENWATER	DIRECTOR	1.00	Director	$0	$0	$0
DANNY HILLIARD	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP KURTZ	DIRECTOR	1.00	Director	$0	$0	$0
DEVON LANEY	DIRECTOR	1.00	Director	$0	$0	$0
RICK MCCUNE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MCGRAIL	DIRECTOR	1.00	Director	$0	$0	$0
MARK NANCE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PITTS	DIRECTOR	1.00	Director	$0	$0	$0
RYAN POSEY	DIRECTOR	1.00	Director	$0	$0	$0
DARRYL SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG SHIMASAKI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SPANN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW S WEYRICH	DIRECTOR	1.00	Director	$0	$0	$0
ROY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DUANE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MEACHAM	CEO	2.50	Officer	$0	$19,630	$216,162
REX SMITHERMAN	PRESIDENT	40.00	Officer	$244,146	$18,739	$262,885
MARK LAUINGER	SVP CLIENT SERVICES	40.00	Officer	$188,728	$21,927	$210,655
JUDY BEECH	VP OF FINANCE	40.00	Officer	$182,714	$12,005	$194,719
MICHAEL LABRIE	SECRETARY	1.00	Officer	$0	$0	$0
RICHARD RAINEY	VENTURE ADVISOR	40.00	Highest	$133,479	$20,271	$153,750
SRIJITA GHOSH	VENTURE ADVISOR	40.00	Highest	$115,650	$10,226	$125,876
DARCY WILBORN	VP OF OPERATIONS	40.00	Highest	$137,508	$4,124	$141,632
JUSTIN WILSON	IMCI MANAGING DIRECTOR/PRESIDENT	6.00	Highest	$0	$25,697	$338,573

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
2025	No data	No data	No data	No data
2024	$3,434,038	$5,062,178	$24,548,957	$-1,628,140
2023	$6,662,200	$5,231,839	$28,827,448	$1,430,361
2022	$9,581,488	$6,490,463	$25,337,999	$3,091,025
2021	$5,344,576	$4,108,057	$27,869,803	$1,236,519
2020	$4,286,699	$3,147,699	$24,106,057	$1,139,000
2019	$4,293,057	$3,527,825	$26,468,552	$765,232