INNOVATION DUPAGE (EIN 831137271) - 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

2018

Legal Domicile

Principal Officer

JOSEPH CASSIDY

Phone

6309422316

Tax Period

2024-07-01 to 2025-06-30

INNOVATION DUPAGE, founded in 2018, is a small nonprofit in the Human Services sector that reported $387K in total revenue in fiscal year 2019. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $437K exceeded revenue, resulting in a 13% operating deficit.

Mission

INNOVATION DUPAGE IS MADE POSSIBLE BY A NETWORK OF ACADEMIC, GOVERNMENTAL, AND BUSINESS PARTNERS. WE SHARE RESOURCES, TALENT, AND IDEAS AS WE SUPPORT OUR GROWING COMMUNITY OF LOCAL ENTREPRENEURS AND STARTUPS THROUGH EDUCATION, INCUBATION, ACCELERATION, AND COLLABORATION

🔒

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 $622,613

Program Service Revenue $195,896

Investment Income $17,384

Other Revenue $0

TOTAL REVENUE $835,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $476,410

Fundraising Expenses $87,917

Program Expenses $510,841

Other Expenses $283,657

TOTAL EXPENSES $760,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$835,893	$720,745	+0.2%
Expenses	$760,067	$606,994	+0.3%
Net Income	$75,826	$113,751	-0.3%

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

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

$127,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH CASSIDY	PRESIDENT	7.00	Officer Director	$0	$0	$0
DAVID VIRGILIO	TREASURER	5.00	Officer Director	$0	$0	$0
JAKE MICKLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
DR BOB CLARK	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH HANNAH	DIRECTOR	1.00	Director	$0	$0	$0
WALTER JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GAUTAM WADHWA	DIRECTOR	1.00	Director	$0	$0	$0
JANICE KAUSHAL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CUMPSTON	DIRECTOR	1.00	Director	$0	$0	$0
DAN FACCHINI	MANAGING DIRECTOR	40.00	Officer	$127,950	$0	$127,950

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	$835,893	$760,067	$289,064	$75,826
2024	$720,745	$606,994	$227,965	$113,751
2023	$522,777	$566,132	$83,128	$-43,355
2022	$585,911	$598,322	$148,017	$-12,411
2021	$511,905	$475,592	$179,878	$36,313
2020	$386,650	$437,030	$158,443	$-50,380

INNOVATION DUPAGE