Twin Cities Innovation Alliance (EIN 821701598) - 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

2017

Legal Domicile

Principal Officer

Marika Pfefferkorn

Phone

6122294328

Tax Period

2024-07-01 to 2025-06-30

Twin Cities Innovation Alliance, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $182K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $716K exceeded revenue, resulting in a 293% operating deficit.

Mission

TCIA delivers fiscal sponsorship to a growing number of charitable projects within the Twin Cities and beyond

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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 $2,500

Program Service Revenue $179,475

Investment Income $0

Other Revenue $0

TOTAL REVENUE $181,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,484

Fundraising Expenses $0

Program Expenses $275,455

Other Expenses $436,301

TOTAL EXPENSES $715,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$181,975	$458,009	-0.6%
Expenses	$715,785	$655,898	+0.1%
Net Income	$-533,810	$-197,889	+1.7%

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

N/A

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

Total Directors

$136,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIKA PFEFFERKORN	Founder Board Member	40.00	Director	$71,030	$0	$71,030
AASIM SHABAZZ	Founder Board Member	40.00	Director	$65,602	$0	$65,602
DAMOLA OBIGUNDE	Board Member	2.00	Director	$0	$0	$0
TALAYA TOLEFREE	Board Member	2.00	Director	$0	$0	$0
JONELLE ELLIS	Board Member	2.00	Director	$0	$0	$0
ISHMAEL ISREAL	Board Member	3.00	Director	$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	$181,975	$715,785	$200,030	$-533,810
2024	$458,009	$655,898	$758,095	$-197,889
2021	$676,167	$417,781	$949,477	$258,386
2020	$175,916	$138,225	$76,654	$37,691

Twin Cities Innovation Alliance