HUNTSVILLE, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INSTITUTE FOR DIGITAL ENTERPRISE ADVANCEMENT, founded in 2021, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 11% operating deficit.
ENABLE AND ACCELERATE THE INCORPORATION OF DIGITAL ENGINEERING AND MANUFACTURING INTO THE WORKPLACE.
AUBURN UNIVERSITY IS THE PRIME CONTRACTOR FOR THE SYSTEMS ENGINEERING TECHNOLOGY PROGRAM DEVELOPMENT AND APPLICATION AGREEMENT FROM THE DOD. IDEA IS ONE OF 3 SUBCONTRACTORS ON THE EFFORT. FOR 2022...
AUBURN UNIVERSITY IS THE PRIME CONTRACTOR FOR THE SYSTEMS ENGINEERING TECHNOLOGY PROGRAM DEVELOPMENT AND APPLICATION AGREEMENT FROM THE DOD. IDEA IS ONE OF 3 SUBCONTRACTORS ON THE EFFORT. FOR 2022, IDEA INVOICED 9 PAYABLE MILESTONES FOR DEVELOPING THE CURRICULUM FOR A 2-YEAR ASSOCIATES DEGREE PATHFINDER PROGRAM OFFERED AT CALHOUN COMMUNITY COLLEGE. PROFESSIONAL EDUCATION COURSES WERE ALSO DEVELOPED AND OFFERED TO PRACTICING PROFESSIONALS.
IDEA PARTNERED WITH THE NATIONAL CENTER FOR DEFENSE AND MANUFACTURING AND MACHINING ORGANIZATION TO OFFER OUR PROFESSIONAL EDUCATION COURSES TO THE US ARMY THROUGH THE NCDMM IDIQ CONTRACT VEHICLE AND...
IDEA PARTNERED WITH THE NATIONAL CENTER FOR DEFENSE AND MANUFACTURING AND MACHINING ORGANIZATION TO OFFER OUR PROFESSIONAL EDUCATION COURSES TO THE US ARMY THROUGH THE NCDMM IDIQ CONTRACT VEHICLE AND OTHER COMPANIES THROUGH OPEN ENROLLMENT.
IDEA WAS CONTRACTED WITH DRAKE STATE COLLEGE TO OFFER A HIGH SCHOOL LEVEL BOOT CAMP FEATURING SYSTEMS ENGINEERING PRINCIPLES. TO CONTRACT FOR INSTRUCTION WAS PART OF A LARGER NASA MUREP GRANT.
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 | $1,223,689 | $1,125,959 | +0.1% |
| Expenses | $1,359,653 | $944,326 | +0.4% |
| Net Income | $-135,964 | $181,633 | -1.7% |
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 |
|---|---|---|---|---|---|---|
| CHRIS M CRUMBLY | PRESIDENT | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF LYNN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG PURDY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PAULETTE RISHER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID A SMITH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,223,689 | $1,359,653 | $115,021 | $-135,964 |
| 2022 | $1,125,959 | $944,326 | $393,621 | $181,633 |
| 2021 | $107,308 | $52,667 | $111,622 | $54,641 |
Compare INSTITUTE FOR DIGITAL ENTERPRISE ADVANCEMENT with other nonprofits in Alabama and across the country.