VIENNA, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INNOVATIONS FOR GOSPEL IMPACT INC, founded in 2022, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 722% from the prior year, signaling strong growth momentum.
IGI PROVIDES A SUSTAINED MESSAGE OF JESUS CHRIST WHILE SOLVING REAL WORLD PROBLEMS WITH AN INNOVATIVE APPROACH. WE FIND, FUEL, AND FUND LEADERS TO INNOVATE AND SCALE GOSPEL IMPACT. IGI ORIGINATED AS A PROGRAM OF BOOST OTHERS, A 501(C)(3) ORGANIZATION FORMED TO REACH OUT TO THE INDIGENT AND NEEDY MEETING BOTH SPIRITUAL AND PHYSICAL NEEDS. A NEW ENTITY FOR IGI WAS FORMED IN 2022 AS A WHOLLY CONTROLLED SUBSIDIARY OF BOOST OTHERS AND SUBSEQUENTLY SPUN OFF AS A SEPARATE, INDEPENDENT, ENTITY ON 1/1/24.
PARTNER WITH ESTABLISHED AND NEWLY FORMED ENTITIES AND ENTREPRENEURS ENGAGED IN SPREADING THE GOSPEL, DISCIPLESHIP, AND MEETING THE NEEDS OF THE UNDERSERVED. COMMUNITIES SERVED INCLUDE CHILDREN...
PARTNER WITH ESTABLISHED AND NEWLY FORMED ENTITIES AND ENTREPRENEURS ENGAGED IN SPREADING THE GOSPEL, DISCIPLESHIP, AND MEETING THE NEEDS OF THE UNDERSERVED. COMMUNITIES SERVED INCLUDE CHILDREN, FAMILIES LIVING IN EXTREME POVERTY, WOMEN AND GIRLS EXPLOITED BY SEX TRAFFICKING AND INDIVIDUALS OTHERWISE IMPOVERISHED AND NEGLECTED. THE ENTITY EMPLOYS A STRATEGY TO IDENTIFY ORGANIZATIONS WHICH ARE EFFECTIVE IN SERVING THESE COMMUNITIES, ASSISTING THEM WITH BUSINESS AND STRATEGIC DIRECTION, AND FUNDING WHERE APPROPRIATE.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,932,813 | $357,000 | +7.2% |
| Expenses | $3,216,013 | $80,376 | +39.0% |
| Net Income | $-283,200 | $276,624 | -2.0% |
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 |
|---|---|---|---|---|---|---|
| DOUG DUENKAL | PRESIDENT | 20.00 |
Officer
|
$36,000 | $0 | $36,000 |
| OSVALDO GRATACOS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CYRUS MADBONDO | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| PHIL NGUYEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| COURTNEY TOWNER-MORGAN | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JAMES PARK | SECRETARY | 1.00 |
Officer
|
$0 | $0 | $0 |
| DAVE SHULL | VICE CHAIRMA | 1.00 |
Officer
|
$0 | $0 | $0 |
| DALE SUTHERLAND | CHAIRMAN | 20.00 |
Officer
|
$0 | $0 | $0 |
| THOMAS WAITE | TREASURER | 10.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,932,813 | $3,216,013 | $2,219,370 | $-283,200 |
| 2023 | $357,000 | $80,376 | $306,361 | $276,624 |
Compare INNOVATIONS FOR GOSPEL IMPACT INC with other nonprofits in Virginia and across the country.