Chicago, IL
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
Current's mission is to grow an inclusive blue economy, accelerate innovation, and solve persistent water challenges.
Current is a Chicago-based water innovation hub that launched in 2016 to help realize the region's potential as the world's water innovation leader. As a cross-sector convenor of local and global...
Current is a Chicago-based water innovation hub that launched in 2016 to help realize the region's potential as the world's water innovation leader. As a cross-sector convenor of local and global water sector stakeholders, Current builds networks, organizes events, helps develop pilot projects, and serves as a conduit for both technology and innovation by monitoring and independently evaluating new ideas and technology in water management, and working with utilities, research institutions, businesses, and innovators to test new solutions. Current works to grow the blue economy by generating research and data to inform strategic priorities, driving collaborations among researchers, entrepreneurs, corporations, investors, utilities, and community partners. We work to keep water in focus as an economic development priority and create strategies to support education, workforce development, entrepreneurship, and investment. We host events and convenings to strengthen our networks.Current accelerates innovation by maintaining a sophisticated understanding of the state of the art in water technology, and identifying and supporting the development of promising technologies that solve persistent and emerging water challenges. We convene the capabilities of our Current Research Consortium to bridge advanced fundamental science and practical, outcome-based applied research. We also pursue research funding opportunities and cross-institutional partnerships to strengthen the research ecosystem, driving more financial resources and expertise to priority problems. Current helps solve pressing water challenges by identifying and independently assessing new technologies and building partnerships to help promising innovations go to scale. We do this by testing technologies and recommending the best solutions for others to try, or for us to pilot, to help improve water quality and management. Current maintains a database of promising water technologies that we have sourced and "de-risked" evaluated for their potential to be implemented at-cost and at-scale. We continue to receive and evaluate these new technologies and serve as a neutral recommendation engine for our major water utilities in the region. Across all of our work, Current demonstrates a commitment to addressing water challenges through solutions that advance an equitable water infrastructure: the technologies we identify and pilot help to ensure that all people have access to safe and clean water, and that water resources are resilient. We also foster the growth of a robust blue economy that provides training and career pathways for all. Finally, our outreach and education programs seek to engage youth communities that have long been absent from important water conversations. It is through these efforts hat we maximize the impact of our work in inventing, testing, and adopting promising new solutions that work for everyone.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare Current Innovation NFP with other nonprofits in Illinois and across the country.