FINNOVATION INSTITUTE (EIN 854329890) - 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

CONNIE RUTLEDGE

Phone

6125022262

Tax Period

2023-01-01 to 2023-12-31

FINNOVATION INSTITUTE, founded in 2020, is a micro nonprofit in the Education sector that reported $21K in total revenue in fiscal year 2023. Revenue surged 131% from the prior year, signaling strong growth momentum. Expenses of $840K exceeded revenue, resulting in a 3895% operating deficit.

Mission

TO PROVIDE EDUCATIONAL PROGRAMS AND TANGIBLE SUPPORT TO IMPACT-DRIVEN ENTREPRENEURS AND BUILD A VIBRANT AND INCLUSIVE COMMUNITY OF SUCCESSFUL SOCIAL BUSINESSES IN THE TWIN CITIES REGION, GENERATING MEANINGFUL SOCIAL AND ECONOMIC IMPACT IN OUR REGION AND BEYOND.

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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 $6,265

Program Service Revenue $0

Investment Income $14,768

Other Revenue $0

TOTAL REVENUE $21,033

Expense Breakdown

Grants Paid $477,000

Salaries & Benefits $0

Fundraising Expenses $8,295

Program Expenses $807,149

Other Expenses $363,330

TOTAL EXPENSES $840,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,033	$9,097	+1.3%
Expenses	$840,330	$788,074	+0.1%
Net Income	$-819,297	$-778,977	+0.1%

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

$92,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE RUTLEDGE	CEO	40.00	Officer	$0	$0	$92,000
JACQUELINE BERGLUND	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
RENAY DOSSMAN	BOARD MEMEBE	2.00	Director	$0	$0	$0
KARI NIEDFELDT-THOMAS	TREASURER	2.00	Officer 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	$21,033	$840,330	$637,028	$-819,297
2022	$9,097	$788,074	$1,451,826	$-778,977
2021	$2,577,302	$348,500	$2,238,793	$2,228,802

FINNOVATION INSTITUTE