WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INNOVATION FOR EQUITY INC, founded in 2019, is a small nonprofit in the Education sector that reported $550K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $843K exceeded revenue, resulting in a 53% operating deficit.
INNOVATION FOR EQUITY CONNECTS AND CULTIVATES BLACK LEADERS ACROSS EDUCATION ECOSYSTEMS TO BUILD COLLECTIVE POWER AND ADVANCE INNOVATIVE SOLUTIONS, SHAPING A FUTURE WHERE BLACK LEARNERS OF ALL AGES THRIVE.
INNOVATION FOR EQUITY (IFE) CONVENES AND SUPPORTS INSPIRING LEADERS FROM ACROSS THE EDUCATION AND WORKFORCE SECTOR WHO ARE UNITED IN THEIR COMMITMENT TO DISRUPT THE STATUS QUO AND IMPROVE OUTCOMES...
INNOVATION FOR EQUITY (IFE) CONVENES AND SUPPORTS INSPIRING LEADERS FROM ACROSS THE EDUCATION AND WORKFORCE SECTOR WHO ARE UNITED IN THEIR COMMITMENT TO DISRUPT THE STATUS QUO AND IMPROVE OUTCOMES FOR BLACK LEARNERS OF ALL AGES. IFE'S SENIOR LEADERS FELLOWSHIP PROGRAM IS DESIGNED TO INCREASE THE PIPELINE OF PROXIMATE SENIOR LEADERS ACROSS THE EDUCATION ECOSYSTEM. SINCE 2019 IFE HAS HOSTED ANNUAL IN-PERSON AND VIRTUAL SUMMITS ALLOWING BLACK LEADERS AND ALLIES ACROSS THE EDUCATION ECOSYSTEM TO CONNECT, COLLABORATE, AND DISSEMINATE THOUGHT LEADERSHIP. IFE ALSO LEVERAGES RESEARCH TO IDENTIFY, CODIFY, AND SHARE WHAT IS DRIVING OUTCOMES FOR BLACK LEADERS. FINALLY, IFE HAS CREATED ANNUAL AWARDS FOR LEADERS THAT HAVE LEVERAGED INNOVATION TO IMPROVE OUTCOMES FOR BLACK LEARNERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $550,412 | $676,544 | -0.2% |
| Expenses | $842,792 | $970,935 | -0.1% |
| Net Income | $-292,380 | $-294,391 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MATTHEW MUGO FIELDS | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARGARET WRIGHT | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANGELIA DICKENS | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANNAH GARFIO | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LISA HERRING | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CRYSTAL SEWELL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| YSCAIRA JIMENEZ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLA PERLMAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANDRE BENNIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANGELA ROMANS | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$200,000 | $16,400 | $216,400 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $550,412 | $842,792 | $361,824 | $-292,380 |
| 2023 | $676,544 | $970,935 | $476,502 | $-294,391 |
| 2022 | $366,159 | $744,722 | $723,800 | $-378,563 |
| 2021 | $1,137,377 | $86,970 | $1,051,362 | $1,050,407 |
Compare INNOVATION FOR EQUITY INC with other nonprofits in District of Columbia and across the country.