The Innovation Foundation Inc (EIN 800633175) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

Bradley A Keywell

Phone

3133802399

Tax Period

2024-01-01 to 2024-12-31

The Innovation Foundation Inc, founded in 2010, is a small nonprofit in the Education sector that reported $345K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $423K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO HONOR AND RECOGNIZE MODERN PHILOSOPHERS WHOSE WISDOM IS ROOTED IN LIVED EXPERIENCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $345,070

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $345,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,207

Fundraising Expenses $48,654

Program Expenses $342,147

Other Expenses $205,422

TOTAL EXPENSES $422,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$345,070	$296,566	+0.2%
Expenses	$422,629	$310,365	+0.4%
Net Income	$-77,559	$-13,799	+4.6%

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

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

Total Directors

$200,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Smith	Director	1.0	Director	$200,000	$0	$200,000
Bradley A Keywell	Chairman	1.0	Director	$0	$0	$0
Kim Keywell	Director	1.0	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
2024	$345,070	$422,629	$125,581	$-77,559
2023	$296,566	$310,364	$201,417	$-13,798
2022	$313,158	$262,329	$214,991	$50,829
2020	$787,864	$1,630,435	$651,354	$-842,571
2019	$3,585,958	$3,886,257	$1,582,291	$-300,299
2018	$3,671,842	$3,854,747	$1,717,749	$-182,905

The Innovation Foundation Inc