INNOVATION FOR EQUITY INC (EIN 842709943) - 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

ANGELA ROMANS

Phone

4014197215

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

IFE IS A CONVENER OF EDUCATION AND WORKFORCE SECTOR LEADERS ACROSS THE COUNTRY.

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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 $511,012

Program Service Revenue $39,400

Investment Income $0

Other Revenue $0

TOTAL REVENUE $550,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $349,852

Fundraising Expenses $120,455

Program Expenses $530,154

Other Expenses $492,940

TOTAL EXPENSES $842,792

Year-over-Year Comparison

	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%

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

$216,400

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

INNOVATION FOR EQUITY INC