INNOVATE BIRMINGHAM (EIN 815327975) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

MARTHA UNDERWOOD

Phone

2059198324

Tax Period

2022-01-01 to 2022-12-31

I AM BHAM INC, founded in 2017, is a small nonprofit in the Employment sector that reported $434K in total revenue in fiscal year 2018. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $114K, a strong 26% operating margin.

Mission

INNOVATE BIRMINGHAM IS A NONPROFIT ORGANIZATION WORKING TO PROMOTE ECONOMIC MOBILITY AND FILL THE TECH TALENT GAP IN CENTRAL ALABAMA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $343,232

Program Service Revenue $0

Investment Income $216

Other Revenue $107

TOTAL REVENUE $343,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $364,700

Fundraising Expenses $66,499

Program Expenses $414,412

Other Expenses $189,906

TOTAL EXPENSES $554,606

Year-over-Year Comparison

	2022	2021	Change
Revenue	$343,555	$951,171	-0.6%
Expenses	$554,606	$926,921	-0.4%
Net Income	$-211,051	$24,250	-9.7%

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

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

$79,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA UNDERWOOD	PRESIDENT	3.00	Officer Director	$0	$0	$0
DELPHINE CARTER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DONNIE GARVICH	DIRECTOR	3.00	Director	$0	$0	$0
CHRIS SIMS	DIRECTOR	3.00	Director	$0	$0	$0
EMILY WYKLE	DIRECTOR	3.00	Director	$0	$0	$0
BEN BRANCH	DIRECTOR	3.00	Director	$0	$0	$0
REBECCA DOBRINSKI	DIRECTOR	3.00	Director	$0	$0	$0
AMANDA STEWART RANEY	DIRECTOR	3.00	Director	$0	$0	$0
DENITA BEARDEN	DIRECTOR OF OPERATIONS	40.00	Officer	$66,113	$13,253	$79,366

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
2022	$343,555	$554,606	$219,808	$-211,051
2021	$951,171	$926,921	$325,514	$24,250
2020	$1,498,666	$1,331,112	$391,039	$167,554
2018	$434,264	$319,826	$127,006	$114,438

INNOVATE BIRMINGHAM