MATERIAL INNOVATION INSTITUTE

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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

JACQUELINE KRAVETTE

Phone

9292428512

Tax Period

2024-01-01 to 2024-12-31

MATERIAL INNOVATION INSTITUTE, founded in 2019, is a small nonprofit in the Environment sector that reported $232K in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $735K exceeded revenue, resulting in a 217% operating deficit.

Mission

TO ACCELERATE THE AVAILABILITY OF HIGH-QUALITY, HIGH-PERFORMANCE, ANIMAL-FREE, AND ENVIRONMENTALLY PREFERRED MATERIALS.

Program Service Accomplishments

Program 1

Expenses: $396,933 Revenue: $10,000

MATERIAL INNOVATION INSTITUTE (MII) WORKS TO IDENTIFY AND ASSIST COMPANIES AND TECHNOLOGIES IN BUILDING AND IMPROVING MATERIALS THAT CAN REPLACE ANIMAL-DERIVED MATERIALS (E.G., LEATHER, REPTILE SKIN, ETC.) IN THE FASHION, AUTOMOTIVE, AND HOME GOODS INDUSTRIES. MII ALSO WORKS TO IDENTIFY POTENTIAL RELATIONSHIPS BETWEEN INVESTORS AND COMPANIES AND TECHNOLOGY IN ORDER TO OBTAIN THE FUNDING NECESSARY TO MAKE ANIMAL-ALTERNATIVE MATERIALS MORE ACCESSIBLE AND ENGAGES IN CONTRACTS WITH BRANDS TO ASSIST IN INCREASING THEIR ALTERNATIVE MATERIAL CACHE AND ADDRESSING HOW THE MATERIALS CAN BE USED. MII'S COMMUNICATIONS DEPARTMENT EDUCATES COMPANIES AND INDIVIDUALS IN THE FASHION, HOME GOODS, AND AUTOMOTIVE INDUSTRIES, AS WELL AS EDUCATING THE PUBLIC.

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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 $221,785

Program Service Revenue $10,000

Investment Income $36

Other Revenue $0

TOTAL REVENUE $231,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,582

Fundraising Expenses $137,242

Program Expenses $396,933

Other Expenses $404,503

TOTAL EXPENSES $734,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,821	$1,163,908	-0.8%
Expenses	$734,725	$1,525,190	-0.5%
Net Income	$-502,904	$-361,282	+0.4%

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

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

$134,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY ROSENFELD	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH NOVOGRATZ	DIRECTOR (THRU MARCH)	2.00	Director	$0	$0	$0
JACQUELINE KRAVETTE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN BARTLETT	DIRECTOR	2.00	Director	$0	$0	$0
KIRSTY STEVENSON	DIRECTOR	3.00	Director	$0	$0	$0
LINNE CAUDELL	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
NAOMI SACHS	DIRECTOR (THRU MARCH)	2.00	Director	$0	$0	$0
NICOLE RAWLING	CHIEF EXECUTIVE OFFICER (THRU JULY)	50.00	Officer	$77,709	$4,900	$82,609
CORTNEY BUSCH	CHIEF OPERATING OFFICER (BEG JULY)	50.00	Officer	$49,457	$2,500	$51,957

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	$231,821	$734,725	$378,523	$-502,904
2023	$1,163,908	$1,525,190	$898,278	$-361,282
2022	$1,886,970	$1,360,112	$1,302,142	$526,858
2021	$978,671	$688,964	$825,464	$289,707
2020	$651,878	$196,692	$470,186	$455,186