INNOVATION HUB BUILDING HOLDING CORPORATION (EIN 843721914) - 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

ALEX KURRELMEIER

Phone

8477219943

Tax Period

2023-01-01 to 2023-12-31

INNOVATION HUB BUILDING HOLDING CORPORATION, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 12% surplus.

Mission

IHBHC IS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS (QALICB) UNDER FEDERAL NEW MARKET TAX CREDIT (NMTC) PROVISIONS ENGAGED IN ACTIVE CONDUCT OF A QUALIFIED BUSINESS IN A LOW-INCOME COMMUNITY MEETING STANDARDS FOR GROSS INCOME, USE OF PROPERTY, AND SERVICES PERFORMED.

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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 $0

Program Service Revenue $1,595,232

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,595,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,400,980

TOTAL EXPENSES $1,400,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,595,232	$1,635,765	0.0%
Expenses	$1,400,980	$1,398,585	+0.0%
Net Income	$194,252	$237,180	-0.2%

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

N/A

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

$926,188

Total Directors

$926,188

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY C KREUGER	PRESIDENT	1.00	Officer Director	$0	$34,417	$441,272
ALEX KURRELMEIER	TREASURER	1.00	Officer Director	$0	$56,850	$243,850
ROBERT WHITT	SECRETARY	1.00	Officer Director	$0	$46,821	$241,066

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	No data	No data	No data	No data
2023	$1,595,232	$1,400,980	$25,277,829	$194,252
2022	$1,635,765	$1,398,585	$24,194,568	$237,180
2021	$409,460	$986,892	$24,168,141	$-577,432
2020	$40,000	$46,552	$23,810,262	$-6,552
2019	$2,032,151	$1,124,311	$24,072,639	$907,840

INNOVATION HUB BUILDING HOLDING CORPORATION