INNOVATE 120 INC

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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

ROBERT ABBOTT

Phone

6148864140

Tax Period

2024-01-01 to 2024-12-31

INNOVATE 120 INC, founded in 2020, is a small nonprofit that reported $244K in total revenue in fiscal year 2024. The organization ran a surplus of $58K, a strong 24% operating margin.

Mission

INNOVATE 120 INC IS ORGANIZED FOR CHARITABLE PURPOSES AND SUPPORTS ENTREPRENEURIAL PROGRAMS AND ENTREPRENEUR COACHING FOR STUDENTS AND RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $182,987 Revenue: $5,839

THE CORPORATION IS PROVIDING ENTREPRENEURIAL SUPPORT, PROGRAMS AND COACHING FOR STUDENTS AND RESIDENTS.

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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 $211,449

Program Service Revenue $5,839

Investment Income $0

Other Revenue $26,748

TOTAL REVENUE $244,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,987

Other Expenses $185,851

TOTAL EXPENSES $185,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,036	$242,018	+0.0%
Expenses	$185,851	$148,281	+0.3%
Net Income	$58,185	$93,737	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ABBOTT	PRESIDENT	N/A	Officer Director	$0	$0	$0
TIM COTTLE	DIRECTOR	N/A	Director	$0	$0	$0
NICOLAS HOCKENBERRY	DIRECTOR	N/A	Director	$0	$0	$0
STEVEN KAHLER	SECRETARY	N/A	Officer Director	$0	$0	$0
LINC KROEGER	DIRECTOR	N/A	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	$244,036	$185,851	$158,740	$58,185
2023	$242,018	$148,281	$129,154	$93,737
2022	$137,490	$116,359	$28,274	$21,131