WOMENS INNOVATION GROUP

EIN: 821032072 501(c)(3) Community Improvement

HOMEWOOD, IL

Total Revenue
$285,984
Total Expenses
$271,801
Total Assets
$117,507
Net Assets
$14,789
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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
2017
Legal Domicile
IL
Principal Officer
GAYLE NEWCOMB
Tax Period
2024-01-01 to 2024-12-31

WOMENS INNOVATION GROUP, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $286K in total revenue in fiscal year 2024. Expenses of $272K left a modest 5% surplus.

Mission

The Women's Innovation Group mission is to empower women business owners to internalize comprehensive business principles and create an environment that inspires collaboration and networking.The Women's Innovation Group empowers Proverb 31 woman to incorporate the principles of business, in a supportive environment that fosters productive business relationships and innovation. The following target areas are:WomenBusinessFamilyChildren

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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 (2024)

Revenue Breakdown

Contributions & Grants $285,984
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $285,984

Expense Breakdown

Grants Paid $0
Salaries & Benefits $104,349
Fundraising Expenses $7,584
Program Expenses $264,177
Other Expenses $167,452
TOTAL EXPENSES $271,801

Year-over-Year Comparison

2024 2023 Change
Revenue $285,984 N/A N/A
Expenses $271,801 N/A N/A
Net Income $14,183 N/A N/A
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
2
Independent Members
N/A
Employees
5
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
1
$0
Total Directors
1
$49,043
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAYLE NEWCOMB President 18.00
Director
$49,043 $0 $49,043
SHARON HODGES Treasurer 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
2024 $285,984 $271,801 $117,507 $14,183
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