EDUINNOVATE FOUNDATION INC (EIN 823956167) - 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

2018

Legal Domicile

Principal Officer

JEFF MCMEANS

Phone

8608365272

Tax Period

2023-01-01 to 2023-12-31

EDUINNOVATE FOUNDATION INC, founded in 2018, is a micro nonprofit in the Education sector that reported $24K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $104K exceeded revenue, resulting in a 337% operating deficit.

Mission

TO STIMULATE INNOVATION AND SUPPORT EXCELLENCE IN EDUCATION BY PROVIDING FUNDING FOR PROJECTS AND PROGRAMS THAT ENHANCE THE EDUCATIONAL EXPERIENCE FOR PUBLIC SCHOOL STUDENTS

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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 $992

Program Service Revenue $0

Investment Income $22,740

Other Revenue $0

TOTAL REVENUE $23,732

Expense Breakdown

Grants Paid $70,802

Salaries & Benefits $10,000

Fundraising Expenses $0

Program Expenses $70,802

Other Expenses $22,967

TOTAL EXPENSES $103,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,732	$30,094	-0.2%
Expenses	$103,769	$52,433	+1.0%
Net Income	$-80,037	$-22,339	+2.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON MOSER	PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH WHELAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOSIE SCHNEIDER	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF MCMEANS	TREASURER	1.00	Officer Director	$0	$0	$0
TIM MCDONOUGH	MEMBER	1.00	Director	$0	$0	$0
JIM DESROCHER	MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$23,732	$103,769	$824,386	$-80,037
2022	$30,094	$52,433	$833,030	$-22,339
2021	$20,782	$37,662	$962,776	$-16,880
2020	$271,474	$21,489	$836,887	$249,985
2019	$100,288	$38,970	$644,537	$61,318
2018	$510,203	$1,116	$520,513	$509,087

EDUINNOVATE FOUNDATION INC