Current Innovation NFP (EIN 812620127) - 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

2016

Legal Domicile

Principal Officer

Alaina Harkness

Phone

3126800282

Tax Period

2024-01-01 to 2024-12-31

Current Innovation NFP, founded in 2016, is a community nonprofit in the Environment sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 198% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 26% operating margin.

Mission

Current's mission is to grow a circular blue economy, accelerate innovation, and solve persistent water challenges.

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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 $5,451,633

Program Service Revenue $391,400

Investment Income $25,256

Other Revenue $0

TOTAL REVENUE $5,868,289

Expense Breakdown

Grants Paid $1,905,628

Salaries & Benefits $1,294,477

Fundraising Expenses $83,334

Program Expenses $3,673,397

Other Expenses $1,118,888

TOTAL EXPENSES $4,318,993

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,868,289	$1,971,091	+2.0%
Expenses	$4,318,993	$1,596,425	+1.7%
Net Income	$1,549,296	$374,666	+3.1%

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

N/A

Volunteers

176

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

$290,286

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Venkat Atluri	Chair	2.00	Officer Director	$0	$0	$0
Thrupti Shivakumar	Treasurer	1.00	Officer Director	$0	$0	$0
Richard Assmus	Secretary	1.00	Officer Director	$0	$0	$0
Andrew Martin	Director	0.50	Director	$0	$0	$0
Andrew Richardson	Director	1.00	Director	$0	$0	$0
Brian Perkovich	Director	1.00	Director	$0	$0	$0
Eric Perreault	Director	0.50	Director	$0	$0	$0
Jay Walsh	Director	0.50	Director	$0	$0	$0
Joanna Groden	Director	0.50	Director	$0	$0	$0
MarySue Barrett	Director	0.50	Director	$0	$0	$0
Matthew Tirrell	Director	0.50	Director	$0	$0	$0
Michael Fassnacht	Director	1.00	Director	$0	$0	$0
Nadya Mason	Director	0.50	Director	$0	$0	$0
Paul K Kearns	Director	0.50	Director	$0	$0	$0
Randy Conner	Director	0.50	Director	$0	$0	$0
Steven Kloos	Director	2.00	Director	$0	$0	$0
Susan Martinis	Director	0.50	Director	$0	$0	$0
Alaina Harkness	CEO	40.00	Officer	$275,489	$14,797	$290,286
Brian Spangle	Operations Director	40.00	Highest	$121,737	$15,917	$137,654
Melissa Pierce	Technical Program Director	1.00	Highest	$115,838	$17,066	$132,904

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	$5,868,289	$4,318,993	$4,443,838	$1,549,296
2023	$1,971,091	$1,596,425	$2,015,198	$374,666
2022	$1,277,102	$1,367,900	$1,821,284	$-90,798
2021	$1,322,171	$946,884	$1,711,019	$375,287
2020	$812,912	$666,374	$1,320,854	$146,538
2019	$862,688	$801,547	$1,121,279	$61,141
2018	$1,004,378	$626,593	$1,077,255	$377,785

Current Innovation NFP