Boston-Thurmond Innovation Network

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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

Regina Hall

Phone

3367696253

Tax Period

2024-07-01 to 2025-06-30

Boston-Thurmond Innovation Network, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 60% operating margin.

Mission

To facilitate and support the vision of Boston-Thurmond residents for a strong and economically viable neighborhood that is fully integrated into the broader Winston-Salem community. The Network helps implement an intertwined approach to community revitalization, consistent with the Purpose Built Communities model.

Program Service Accomplishments

Program 1

Expenses: $889,443

In FY 24-25, we served approximately 460 residents at our office building through community programming including grand opening activities, community town halls, board meetings, and neighborhood...

In FY 24-25, we served approximately 460 residents at our office building through community programming including grand opening activities, community town halls, board meetings, and neighborhood association meetings. We conducted inspections and critical repairs of approximately 20K in the Boston-Thurmond neighborhood through our Safe Home Repair Program, preventing displacement of four families. We served approximately 524 in the Boston-Thurmond through digital literacy courses and distribution of laptop computers. We served 11 high school teenagers from 14-18 years old through our Summer Leadership by Design Camp, providing teens with technical skills in planning, architecture, and design. We served approximately 530 mothers through our Forsyth County Birth Stories initiative including sponsoring a community baby shower, and awarding over 20K in mini grants for programs designed to address equitable birth outcomes in the 27105 zip code. Participant satisfaction surveys have been highly favorable.

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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 $2,556,102

Program Service Revenue $0

Investment Income $3,624

Other Revenue $0

TOTAL REVENUE $2,559,726

Expense Breakdown

Grants Paid $1,695

Salaries & Benefits $199,745

Fundraising Expenses $0

Program Expenses $889,443

Other Expenses $814,069

TOTAL EXPENSES $1,015,509

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,559,726	$986,969	+1.6%
Expenses	$1,015,509	$962,565	+0.1%
Net Income	$1,544,217	$24,404	+62.3%

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

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

$81,660

Total Directors

$1,130

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Regina Hall	Executive Director	040.00	Officer	$80,530	$0	$80,530
Pat Caldwell	Resident Vice Chair	002.00	Officer Director	$1,130	$0	$1,130
Mark Tonnesen	Treasurer	002.00	Officer Director	$0	$0	$0
Claire Tuttle	Secretary	002.00	Officer Director	$0	$0	$0
Doug Smith	Vice Chair	002.00	Officer Director	$0	$0	$0
Dr Pamela Oliver	Chair	002.00	Officer Director	$0	$0	$0
Zina Johnson	Board Member	001.00	Director	$0	$0	$0
Dr Thomas Koontz	Board Member	001.00	Director	$0	$0	$0
Donald Flow	Board Member	001.00	Director	$0	$0	$0
Anna Reilly	Board Member	001.00	Director	$0	$0	$0
Eric Martin	Board Member	001.00	Director	$0	$0	$0
Dr Paula Wilkins	Board Member	001.00	Director	$0	$0	$0
Dothula Baron	Board Member	001.00	Director	$0	$0	$0
Ola Brown	Board Member	001.00	Director	$0	$0	$0
Dr Susan Wente	Board Member	001.00	Director	$0	$0	$0
David West	Board Member	001.00	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	$2,559,726	$1,015,509	$2,767,341	$1,544,217
2024	$986,969	$962,565	$1,148,765	$24,404
2023	$1,071,193	$566,252	$997,536	$504,941
2022	$472,256	$214,378	$496,969	$257,878
2021	$176,651	$25,176	$226,541	$151,475