FERRIS WHEEL INNOVATION CENTER

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

BRANDEE COOKE-BROWN

Phone

8102134720

Tax Period

2024-01-01 to 2024-12-31

FERRIS WHEEL INNOVATION CENTER is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum.

Mission

HOUSED IN FLINT, MICHIGAN, WE ARE A NON-PROFIT WITH A MISSION TO RELIEVE THE INNOVATOR OF THE ENTREPRENEURIAL BURDEN. WE KNOW ENTREPRENEURSHIP CAN BE DIFFICULT, AND THAT'S WHY WE'RE HERE TO HELP. AS A COMMUNITY OF STUDENT PROFESSIONALS, LEAD BY A DYNAMIC LEADERSHIP TEAM, WE VET ENTREPRENEURIAL IDEAS TO PROVIDE A HELPING HAND IN BUSINESS DEVELOPMENT TO ANYONE REGARDLESS OF THEIR PRIOR EXPERIENCE OR BACKGROUND.

Program Service Accomplishments

Program 1

Expenses: $802,900 Revenue: $34,066

FERRIS WHEEL INNOVATION CENTER PROGRAM IS DESIGNED TO FOSTER INTEREST IN S.T.E.A.M. (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH) BY PROVIDING EXPERIMENTAL EDUCATION AND PRACTICAL TRAINING TO...

FERRIS WHEEL INNOVATION CENTER PROGRAM IS DESIGNED TO FOSTER INTEREST IN S.T.E.A.M. (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH) BY PROVIDING EXPERIMENTAL EDUCATION AND PRACTICAL TRAINING TO STUDENTS AS THEY ARE GUIDED IN AIDING INVENTORS, INNOVATORS AND ENTREPRENEURS IN BRINGING PRODUCTS FROM CONCEPT TO MARKET, AND TO PROMOTE ECONOMIC STABILITY IN FLINT, MICHIGAN THROUGH INNOVATION AND ENTREPRENEURISM.

🔒

Trantor Score

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,329,008

Program Service Revenue $34,066

Investment Income $27

Other Revenue $10,011

TOTAL REVENUE $1,373,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $731,992

Fundraising Expenses $27,735

Program Expenses $802,900

Other Expenses $716,553

TOTAL EXPENSES $1,448,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,373,112	$809,016	+0.7%
Expenses	$1,448,545	$1,169,896	+0.2%
Net Income	$-75,433	$-360,880	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

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

$188,011

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDEE COOKE-BROWN	EXECUTIVE DI	40.00	Officer	$78,661	$0	$78,661
JENNIFER HICKMOTT	DIRECTOR OF	40.00	Officer	$69,542	$0	$69,542
TAMASHA HARROLD	DIRECTOR OF	40.00	Officer	$39,808	$0	$39,808
CATHY GENTRY	DIRECTOR	1.00	Director	$0	$0	$0
PHIL HAGERMAN	DIRECTOR	1.00	Director	$0	$0	$0
DYLAN LUNA	DIRECTOR	1.00	Director	$0	$0	$0
MIA MCNEIL	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS RANKINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID OLLILA	PRESIDENT	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	$1,373,112	$1,448,545	$571,456	$-75,433
2023	$809,016	$1,169,896	$450,506	$-360,880
2022	$660,956	$881,777	$399,602	$-220,821
2021	$961,039	$840,683	$621,283	$120,356
2020	$691,537	$871,090	$627,719	$-179,553
2019	$982,320	$1,074,571	$778,077	$-92,251
2018	$589,656	$635,752	$902,820	$-46,096