NATIONAL INSTITUTE OF INNOVATIONAN… - Form 990 Financial Data

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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

Phone

8888726448

Tax Period

2024-06-01 to 2025-05-31

NATIONAL INSTITUTE OF INNOVATIONAND TECHNOLOGY INC, founded in 2021, is a community nonprofit in the Science & Technology sector that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

IDENTIFY ROADBLOCKS TO INNOVATION IN STRATEGIC INDUSTRY SECTORS AND ENSURE THEY ARE ELIMINATED

Program Service Accomplishments

Program 1

Expenses: $2,545,793 Revenue: $2,581,251

IDENTIFIED ROADBLOCKS TO INNOVATION IN STRATEGIC INDUSTRY SECTORS AND WORKED TO ELIMINATE THESE ROADBLOCKS.

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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 $2,581,251

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,581,251

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,545,793

Other Expenses $2,529,291

TOTAL EXPENSES $2,564,291

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,581,251	$2,361,620	+0.1%
Expenses	$2,564,291	$2,961,651	-0.1%
Net Income	$16,960	$-600,031	-1.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES WESSNER	BOARD MEMBER	0.00	Director	$0	$0	$0
MELINDA WOODS	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHAEL RUSSO	PRESIDENT	40.00	Officer	$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
2025	$2,581,251	$2,564,291	$397,258	$16,960
2024	$2,361,620	$2,961,651	$311,456	$-600,031
2023	$3,480,247	$3,155,150	$834,852	$325,097
2021	$443,557	$383,239	$338,205	$60,318

NATIONAL INSTITUTE OF INNOVATIONAND TECHNOLOGY INC