GRAND INNOVATION INC

EIN: 811033237 501(c)(3)

DETROIT, MI

Total Revenue
$340,517
Total Expenses
$307,237
Total Assets
$52,102
Net Assets
$52,102
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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
2016
Legal Domicile
MI
Principal Officer
NICOLE S FARMER
Phone
3138870293
Tax Period
2019-01-01 to 2019-12-31

GRAND INNOVATION INC, founded in 2016, is a small nonprofit that reported $341K in total revenue in fiscal year 2019. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $307K left a modest 10% surplus.

Mission

Grand Innovations purpose is to be a full service planning and management entity serving small and midium-sized businesses, entrepreneurs and organizations with emphasis on underserved minority and women owned companies

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $265,000
Program Service Revenue $0
Investment Income $0
Other Revenue $75,517
TOTAL REVENUE $340,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,512
Fundraising Expenses $0
Program Expenses $307,237
Other Expenses $305,725
TOTAL EXPENSES $307,237

Year-over-Year Comparison

2019 2018 Change
Revenue $340,517 $672,725 -0.5%
Expenses $307,237 $708,255 -0.6%
Net Income $33,280 $-35,530 -1.9%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
6
$61,180
Key Employees
1
$61,180
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE FARMER EXECUTIVE DIRECTOR 060.00
Director Key Emp Highest
$61,180 $0 $61,180
PATRICE FIELDS BOARD OF DIRECTOR 003.00
Director
$0 $0 $0
GAIL PERRY MASON BOARD OF DIRECTOR 003.00
Director
$0 $0 $0
MARSHA LEMIUX BOARD OF DIRECTOR 003.00
Director
$0 $0 $0
ERIN BROCKMAN BOARD OF DIRECTOR 003.00
Director
$0 $0 $0
ROBERT PYLES BOARD OF DIRECTOR 003.00
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
2019 $340,517 $307,237 $52,102 $33,280
2018 $672,725 $708,255 $18,822 $-35,530
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