OIL CITY, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INNOVATION INSTITUTE FOR TOMORROW INC, founded in 2020, is a small nonprofit in the Education sector that reported $331K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.
THE INNOVATION INSTITUTE FOR TOMORROW PROVIDES SUSTAINABLE, WORLD-CLASS STEM EDUCATION OPPORTUNITIES TO EVERY CHILD TO PERPARE THEM FOR 21ST CENTURY CAREERS. WITH A FOCUS ON EQUITY & ACCESS, THE INSTITUTE STRIVES TO TURN THE RUST BELT TO THE SMART BELT THROUGH ROBOTICS, AI & COMPUTER SCIENCE. THE INNOVATION INSTITUTE'S NETWORK OF PARTNERSHIPS IS COMPOSED OF K-12 SCHOOLS, COLLEGES & UNIVERSITIES, BUSINESS & INDUSTRY, GOVERNMENT, NONPROFITS, EDUCATIONAL ROBOTICS COMPANIES, WORKFORCE & ECONOMIC DEVELOPMENT AGENCIES.
ROBOTICS EDUCATION & COMPETITION (REC) AERIAL DRONE COMPETITION (RADC) - AS A PARTNERSHIP WITH FOR THE WIN (FTW) ROBOTICS & THE AERIAL DRONE COMPETITION (RAD), RADC DRONE COMPETITIONS ARE USED TO...
ROBOTICS EDUCATION & COMPETITION (REC) AERIAL DRONE COMPETITION (RADC) - AS A PARTNERSHIP WITH FOR THE WIN (FTW) ROBOTICS & THE AERIAL DRONE COMPETITION (RAD), RADC DRONE COMPETITIONS ARE USED TO EDUCATE & EXCITE THE NEXT GENERATION OF AEROSPACE ENGINEERS & PILOTS.VEX ROBOTICS - VEX ROBOTICS IS AN EDUCATIONAL ROBOTICS DEVELOPER THAT AIMS TO CREATE HANDS-ON STEM LEARNING EXPERIENCES FOR STUDENTS. THIS PLATFORM HAS BOTH A CIRRICULAR & COMPETITVE COMPONENT. AGRICULTURE WORKFORCE EDUCATION PROGRAM - THE INSTITUTE WORKS WITH FTW ROBOTICS TO CREATE AN AGRICULTURE & WORKFORCE EDUCATION PROJECT THAT NOT ONLY PROMOTES STEM EDUCATION IN SCHOOLS, BUT WILL ALSO HELP FARMERS IN RURAL PA.EDUCATOR & PROFESSIONAL DEVELOPMENT (PD)CREATING & PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO TRAIN & EMPOWER TEACHERS. THESE ACTIVITIES ARE CONDUCTED BY THE INSTITUTE'S STAFF AND BY THE EFFORTS OF POSTSECONDARY & INDUSTRY PARTNERS. THESE ACTIVIES INCLUDE THE FOLLOWING PROGRAMS: THE ROBOT DOCTOR - AN EIGHT-PART MINISERIES CREATED BY PUBLIC BROADCASTING SERVICE (PBS) AFFILIATE WQED, CARNEGIE MELLON UNIVERSITY (DR. MAX LICKACHEV & ROBOTWITS & THE INSTITUTE (PENNSYLVANIA (PA) RURAL ROBOTICS PROJECT).CSINPA BUILD/FLY/CODE - DEVLEOPED FOR PA GOVERNOR TOM WOLF'S PASMART INITIATIVE, IN PARTNERSHIP WITH PA TRAINING & TECHNICAL ASSISTANCE NETWORK (PATTAN), PARTICIPANTS BUILD DRONES FROM THE GROUND UP, EARN THEIR PILOT WINGS THROUGH THE SCIENCE OF FLIGHT, & UTILIZE BLOCK-BASED CODING TO MANIPULATE THE DRONE'S FLIGHT. PARTICIPANTS DEVELOP THEIR COMPUTER SCIENCE (CS) KNOWLEDGE & SKILLS, DESIGN & IMPLEMENT CS LEARNING EXPERIENCES WITH DONES IN THEIR CLASSES, & EXPLORE WAYS TO EXPAN CS OPPORT. PARTICIPANTS ARE GIVEN ACCESS TO DRONE CLASS-PACKS, WHICH ALLOW FOR 1:1 STUDENT ENGAGEMENT.AMBASSADORS SERVE AS LEADERS OF THEIR LOCAL EDUCATION AGENCY (LEA) TEAM & AS PEER MENTORS FOR ALL PROGRAM PARTICIPANTS. DRAWING ON THEIR OWN EFFORTS & EXPERIENCE WITH THE BUILD/FLY/CODE CURRICULUM, AMBASSADORS OFFER INSIGHT, ENCOURAGEMENT, & ASSISTANCE.EACH PART OF THE CURRICULUM IS MULTI-MODEL & CAN BE TAUGHT THROUGH IN-CLASS INSTRUCTION & REMOTE/DISTANCE LEARNING. THE CURRICULUM IS ALSO ALIGNED WITH PERTINENT STANDARDS, UNIVERSALLY DESIGNED & CULTURALLY RELEVANT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $330,633 | $378,688 | -0.1% |
| Expenses | $357,665 | $243,514 | +0.5% |
| Net Income | $-27,032 | $135,174 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JILL FOYS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RACHEL BURCIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ALBERT ABRAMOVIC | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM VONADA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW LAVERDE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES ROSEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDD PITTMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HAYDEN RIGO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY HEFFERNAN | PRESIDENT/CEO | 40.00 |
Officer
|
$91,000 | $0 | $91,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $330,633 | $357,665 | $117,543 | $-27,032 |
| 2022 | $378,688 | $243,514 | $144,030 | $135,174 |
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