NATIONAL INSTITUTE OF INNOVATIONAND TECHNOLOGY INC

EIN: 871012023 501(c)(3) Science & Technology

HANOVER, MD

Total Revenue
$2,581,251
Total Expenses
$2,564,291
Total Assets
$397,258
Net Assets
$-348,765
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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
MD
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

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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%)

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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

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Governance

Voting Members
3
Independent Members
2
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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