PEORIA INNOVATION HUB NFP (EIN 833485414) - 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

2019

Legal Domicile

Principal Officer

DOUG CRUITT

Phone

3094729261

Tax Period

2023-10-01 to 2024-09-30

PEORIA INNOVATION HUB NFP, founded in 2019, is a community nonprofit that reported $8.6M in total revenue in fiscal year 2023. Revenue surged 721% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.1M, a strong 94% operating margin.

Mission

CONNECTING PEOPLE, IDEAS AND RESOURCES TO LAUNCH AND GROW NEW BUSINESSES IN THE GREATER PEORIA COMMUNITY.

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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 $8,513,696

Program Service Revenue $0

Investment Income $0

Other Revenue $63,944

TOTAL REVENUE $8,577,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $379,075

Other Expenses $512,536

TOTAL EXPENSES $512,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,577,640	$1,045,296	+7.2%
Expenses	$512,536	$372,604	+0.4%
Net Income	$8,065,104	$672,692	+11.0%

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
DOUG CRUITT	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
ROBERT SEHRING	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER SETTI	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE CONGER	FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN VOZENILKE MD	DIRECTOR	0.25	Director	$0	$0	$0
SHEILA QUIRK-BAILEY	DIRECTOR	0.25	Director	$0	$0	$0
JODY HOWARD	DIRECTOR	0.25	Director	$0	$0	$0
ANNA PALMER	DIRECTOR	0.25	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	$8,577,640	$512,536	$12,582,359	$8,065,104
2023	$1,045,296	$472,769	$3,812,990	$572,527
2022	$856,101	$372,604	$3,185,537	$483,497
2021	$2,272,571	$267,955	$3,105,126	$2,004,616

PEORIA INNOVATION HUB NFP