RUSSELL INNOVATION CENTER FOR ENTREPRENEURS INC (EIN 810727619) - 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

2015

Legal Domicile

Principal Officer

JAMES BAILEY

Phone

4045726725

Tax Period

2023-01-01 to 2023-12-31

RUSSELL INNOVATION CENTER FOR ENTREPRENEURS INC, founded in 2015, is a mid-sized nonprofit in the Community Improvement sector that reported $17.3M in total revenue in fiscal year 2023. Revenue surged 404% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.0M, a strong 46% operating margin.

Mission

TO EMPOWER ENTREPRENEURS AND INNOVATORS TO CREATE, INVENT, AND LEARN WHILE BEING ENGAGED AND MOTIVATED TO DEVELOP GAME-CHANGING NEW IDEAS TO PROMOTE ECONOMIC EMPOWERMENT.

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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 $16,041,261

Program Service Revenue $1,263,840

Investment Income $7,087

Other Revenue $0

TOTAL REVENUE $17,312,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,741,000

Fundraising Expenses $1,049,606

Program Expenses $6,508,661

Other Expenses $6,596,231

TOTAL EXPENSES $9,337,231

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,312,188	$3,437,415	+4.0%
Expenses	$9,337,231	$4,538,454	+1.1%
Net Income	$7,974,957	$-1,101,039	-8.2%

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

$197,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES BAILEY	President & CEO	40.00	Officer	$197,200	$0	$197,200
BURUNDA PRINCE	CHIEF OPERATING OFFICER	40.00		$170,000	$0	$170,000
H JEROME RUSSELL JR	Chairman	5.00	Officer Director	$0	$0	$0
SIG MOSLEY	Director	5.00	Director	$0	$0	$0
ANN CRAMER	Director	5.00	Director	$0	$0	$0
CYNTHIA DAY	Director	5.00	Director	$0	$0	$0
AL MCRAE	VICE CHAIR	5.00	Director	$0	$0	$0
DONATA RUSSELL ROSS	Secretary	5.00	Officer Director	$0	$0	$0
SYLVIA RUSSELL	Director	5.00	Director	$0	$0	$0
CARLA CHANEY	Director	5.00	Director	$0	$0	$0
ALFRED MCRAE	Director	5.00	Director	$0	$0	$0
ROBERT BENSON	Director	5.00	Director	$0	$0	$0
DALLAS SMITH	Director	5.00	Director	$0	$0	$0
VIVIAN GREENTREE	Director	5.00	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	No data	No data	No data	No data
2023	$17,312,188	$9,337,231	$25,514,686	$7,974,957
2022	$3,305,899	$4,423,665	$20,586,387	$-1,117,766
2022	$3,437,415	$4,538,454	$20,494,003	$-1,101,039
2021	$9,072,660	$3,164,739	$21,225,162	$5,907,921
2021	$8,383,806	$3,133,047	$20,265,730	$5,250,759
2020	$3,037,426	$1,897,651	$15,131,994	$1,139,775
2019	$3,242,626	$1,206,167	$14,178,622	$2,036,459
2018	$2,706,198	$784,610	$10,088,059	$1,921,588

RUSSELL INNOVATION CENTER FOR ENTREPRENEURS INC