Innovia Ignite Foundation

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

Shelly O'Quinn

Phone

5096242606

Tax Period

2023-07-01 to 2024-06-30

Innovia Ignite Foundation, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $171K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $706K exceeded revenue, resulting in a 313% operating deficit.

Mission

Ignite giving and generosity in the community to support the mission of Innovia Foundation and to hold property as needed for the Foundation.

Program Service Accomplishments

Program 1

Expenses: $700,508

The Foundation's purpose is to act as support for Innovia Foundation, igniting giving and generosity in the community, and to carry out charitable purposes that support the overall mission of Innovia...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $80,250

Program Service Revenue $0

Investment Income $-39,863

Other Revenue $130,614

TOTAL REVENUE $171,001

Expense Breakdown

Grants Paid $530,744

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $700,508

Other Expenses $175,264

TOTAL EXPENSES $706,008

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,001	$3,792,350	-1.0%
Expenses	$706,008	$929,897	-0.2%
Net Income	$-535,007	$2,862,453	-1.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$532,748

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Bibin	President	1.00	Officer Director	$0	$0	$0
Adam Gelhausen	Treasurer	1.00	Officer Director	$0	$0	$0
Shelley Bennet	Secretary	1.00	Officer Director	$0	$0	$0
Jeff Crandall	Director	1.00	Director	$0	$0	$0
Marcelo Morales	Director	1.00	Director	$0	$0	$0
Jim Black	Director	1.00	Director	$0	$0	$0
John Kragt	Director	1.00	Director	$0	$0	$0
Denise Stewart	Director	1.00	Director	$0	$0	$0
Carol Hunter	Director	1.00	Director	$0	$0	$0
Tim Welsh	Director	1.00	Director	$0	$0	$0
Shelly O'Quinn	Innovia CEO	0.20	Officer	$0	$33,633	$334,937
Lauren Autrey	Innovia CFOO	1.00	Officer	$0	$25,329	$197,811

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
2025	No data	No data	No data	No data
2024	$171,001	$706,008	$2,824,984	$-535,007
2023	$3,792,350	$929,897	$3,195,031	$2,862,453
2022	$4,370	$8,088	$320,298	$-3,718