INNOVATION WORKS INC (EIN 823417166) - 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

A JAY NWACHU

Phone

4109211035

Tax Period

2023-07-01 to 2024-06-30

INNOVATION WORKS INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023.

Mission

REDUCE BALTIMORE'S NEIGHBORHOOD AND RACIAL WEALTH DIVIDE. TEACH MEMBERS OF DISINVESTED COMMUNITIES HOW TO BUILD AND OWN SUCCESSFUL SOCIAL ENTERPRISES THAT CREATE SUSTAINABLE NEIGHBORHOOD ECONOMIES AND RESULT IN BETTER FAMILY LIVING, MORE RESILIENT NEIGHBORHOODS AND A SAFER MORE VIBRANT CITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,429,584

Program Service Revenue $0

Investment Income $3,232

Other Revenue $0

TOTAL REVENUE $1,432,816

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $966,196

Fundraising Expenses $295,103

Program Expenses $698,133

Other Expenses $455,242

TOTAL EXPENSES $1,425,938

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,432,816	$1,417,211	+0.0%
Expenses	$1,425,938	$1,280,042	+0.1%
Net Income	$6,878	$137,169	-0.9%

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

106

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

$144,502

Total Directors

$144,502

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A JAY NWACHU	CEO	40.00	Officer Director	$144,502	$0	$144,502
DAN RIZZO	PRESIDENT	4.00	Officer Director	$0	$0	$0
DR FRANK LANCE	DIRECTOR	4.00	Director	$0	$0	$0
FRANCIS KNOTT	DIRECTOR	14.00	Director	$0	$0	$0
JIM PETERSON JR	DIRECTOR	4.00	Director	$0	$0	$0
NATASHA M DARTIGUE	DIRECTOR	4.00	Director	$0	$0	$0
NKENGE YASIN	DIRECTOR	4.00	Director	$0	$0	$0
PAMELA ROUSSOS	DIRECTOR	4.00	Director	$0	$0	$0
REV GREGORY CHISHOLM SJ	DIRECTOR	4.00	Director	$0	$0	$0
RUSSELL JOYNER	DIRECTOR	4.00	Director	$0	$0	$0
SABRINA DEPESTRE	DIRECTOR	4.00	Director	$0	$0	$0
STEPHEN ABRAMS	DIRECTOR	4.00	Director	$0	$0	$0
TERRENCE M SAWYER	DIRECTOR	4.00	Director	$0	$0	$0
TINA RODRIGUEZ	VICE - PRESIDENT	4.00	Officer Director	$0	$0	$0
NICK NAPOLITANO	TREASURER	4.00	Officer Director	$0	$0	$0
JOHN BUSSE	DIRECTOR	4.00	Director	$0	$0	$0
ANTHONY WATTERS JR	DIRECTOR	4.00	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	No data	No data	No data	No data
2024	$1,432,816	$1,425,938	$1,342,855	$6,878
2023	$1,417,211	$1,280,042	$1,335,001	$137,169
2022	$1,241,077	$965,386	$1,246,839	$275,691
2021	$867,783	$989,446	$838,851	$-121,663
2020	$847,250	$519,368	$666,946	$327,882
2019	$486,833	$380,008	$315,919	$106,825

INNOVATION WORKS INC