FOUNDATION FOR INNOVATION IN EDUCATION (EIN 824640555) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Principal Officer

SHELLY MAES

Phone

5075372240

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR INNOVATION IN EDUCATION, founded in 2017, is a small nonprofit in the Education sector that reported $615K in total revenue in fiscal year 2024. Revenue surged 121% from the prior year, signaling strong growth momentum. Expenses of $573K left a modest 7% surplus.

Mission

THE FOUNDATION FOR INNOVATION IN EDUCATION WILL PROVIDE ON-GOING SUPPORT FOR DEVELOPING, IMPLEMENTING, AND SUSTAINING OF REGIONAL STUDENT ENRICHMENT PROGRAMS AND ACTIVITIES. IN ADDITION, THE FOUNDATION FOR INNOVATION IN EDUCATION WILL PROVIDE ON-GOING SUPPORT FOR DESIGNING AND IMPLEMENTING INNOVATIVE TEACHING PRACTICES IN THE REGION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $273,972

Program Service Revenue $16,500

Investment Income $324,958

Other Revenue $0

TOTAL REVENUE $615,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,019

Fundraising Expenses $0

Program Expenses $309,854

Other Expenses $541,057

TOTAL EXPENSES $573,076

Year-over-Year Comparison

	2024	2023	Change
Revenue	$615,430	$278,530	+1.2%
Expenses	$573,076	$188,124	+2.0%
Net Income	$42,354	$90,406	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MATT COLEMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BECKY FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN FRANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLA OLSON	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
NICOLE SWANSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM WALSH	CHAIR	1.00	Officer Director	$0	$0	$0
ANN WENDORFF	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELLY MAES	EXECUTIVE DI	12.50		$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	$615,430	$573,076	$11,923,455	$42,354
2024	$278,530	$188,124	$367,495	$90,406
2023	$275,696	$149,549	$277,089	$126,147

FOUNDATION FOR INNOVATION IN EDUCATION