INNOVATIVE SOULUTIONS

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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

2021

Legal Domicile

Principal Officer

FARJI SHAHEER

Phone

6122278443

Tax Period

2023-01-01 to 2023-12-31

INNOVATIVE SOULUTIONS, founded in 2021, is a small nonprofit in the Human Services sector that reported $553K in total revenue in fiscal year 2023. Revenue surged 345% from the prior year, signaling strong growth momentum. Expenses of $503K left a modest 9% surplus.

Mission

Provide alternative solutions for issues faced by communities and individuals struggling with violence, grief, trauma, mental health, racism and poverty.

Program Service Accomplishments

Program 1

Expenses: $477,523 Revenue: $553,172

HENNEPIN COUNTY HUMAN SERVICES HEALTH AND HUMAN SERVICES OFFICE OF NEIGHBORHOOD SAFETY VARIOUS CONTRIBUTIONS

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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 $553,172

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $553,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,504

Fundraising Expenses $0

Program Expenses $477,523

Other Expenses $401,487

TOTAL EXPENSES $502,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$553,172	$124,372	+3.4%
Expenses	$502,991	$74,926	+5.7%
Net Income	$50,181	$49,446	+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

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

$101,504

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Farji Shaheer	Executive Director	40.00	Director	$0	$0	$101,504
Antoine Lightfoot	Chairman	1.00	Director	$0	$0	$0
Jacob Brown	Co-Chairman	1.00	Director	$0	$0	$0
Miyana Shaheer	Executive Assistant	1.00	Director	$0	$0	$0
Melvyna Gaynor	Secretary	1.00	Director	$0	$0	$0
Adrienna Prosper	Treasurer	1.00	Director	$0	$0	$0
Vanessa Jenkins	Advisor	1.00	Director	$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	$553,172	$502,991	$111,098	$50,181