NINETWELVE INSTITUTE INC (EIN 844615768) - 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

2020

Legal Domicile

Principal Officer

CHAD PITTMAN

Phone

3176953110

Tax Period

2023-01-01 to 2023-12-31

NINETWELVE INSTITUTE INC, founded in 2020, is a mid-sized nonprofit in the Science & Technology sector that reported $11.4M in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $18.4M exceeded revenue, resulting in a 61% operating deficit.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC AND EDUCATIONAL PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF THE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW). ITS PRIMARY FOCUS IS TO SUPPORT THE GOVERNMENT'S SCIENCE, TECHNOLOGY, AND ECONOMIC DEVELOPMENT OBJECTIVES BY CONNECTING THE ENTREPRENEURIAL, INNOVATION AND BUSINESS ACUMEN OF THE PRIVATE SECTOR WITH THE TECHNICAL RESEARCH CAPABILITIES OF ACADEMIC RESEARCHERS AND GOVERNMENT LABORATORIES TO DELIVER ADVANCED TECHNOLOGY FASTER, CHEAPER AND BETTER TO BENEFIT BOTH THE FEDERAL GOVERNMENT AND THE GENERAL 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 (2023)

Revenue Breakdown

Contributions & Grants $11,619,210

Program Service Revenue $234,980

Investment Income $-938,800

Other Revenue $490,000

TOTAL REVENUE $11,405,390

Expense Breakdown

Grants Paid $11,178,192

Salaries & Benefits $227,851

Fundraising Expenses $0

Program Expenses $17,734,723

Other Expenses $7,009,687

TOTAL EXPENSES $18,415,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,405,390	$20,357,890	-0.4%
Expenses	$18,415,730	$28,830,954	-0.4%
Net Income	$-7,010,340	$-8,473,064	-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

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
CHAD PITTMAN	PRINCIPAL OF	30.00	Officer	$0	$0	$0
ALISON FRENCH	BOARD MEMBER	1.00	Officer	$0	$0	$0
KATHLEEN SWANSON	SECRETARY	1.00	Officer	$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	No data	No data	No data	No data
2023	$11,405,390	$18,415,730	$12,082,591	$-7,010,340
2022	$22,978,939	$28,523,245	$19,260,418	$-5,544,306
2022	$20,338,865	$28,811,752	$17,361,650	$-8,472,887
2021	$14,294,145	$24,395,445	$22,814,631	$-10,101,300
2020	$8,265,861	$4,286,478	$9,328,690	$3,979,383

NINETWELVE INSTITUTE INC