Innovia Foundation (EIN 910941053) - 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

1974

Legal Domicile

Principal Officer

Shelly O'Quinn

Phone

5096242606

Tax Period

2023-07-01 to 2024-06-30

Innovia Foundation, founded in 1974, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $35.1M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16.1M, a strong 46% operating margin.

Mission

To ignite generosity that transforms lives and communities.

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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 $32,575,572

Program Service Revenue $616,600

Investment Income $5,519,152

Other Revenue $-3,584,878

TOTAL REVENUE $35,126,446

Expense Breakdown

Grants Paid $12,183,346

Salaries & Benefits $2,790,100

Fundraising Expenses $321,350

Program Expenses $16,972,157

Other Expenses $4,045,150

TOTAL EXPENSES $19,018,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,126,446	$45,002,329	-0.2%
Expenses	$19,018,596	$13,733,721	+0.4%
Net Income	$16,107,850	$31,268,608	-0.5%

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

Volunteers

375

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

$886,981

Total Directors

$8,530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick Rasmussen	President	3.00	Officer Director	$0	$0	$0
Marcelo Morales	Vice-President	3.00	Officer Director	$0	$0	$0
Ryan Nipp	Secretary-Treasurer	3.00	Officer Director	$0	$0	$0
Tyler Lafferty	Director	2.00	Director	$0	$0	$0
Helo Hancock	Director	2.00	Director	$0	$0	$0
Margo Hill	Director	2.00	Director	$0	$0	$0
Scott Hutsell	Director	2.00	Director	$0	$0	$0
Robert Larson	Director	2.00	Director	$0	$0	$0
Kimberly Manning	Director (As of 7/23)	2.00	Director	$0	$0	$0
Jeff Philipps	Director	2.00	Director	$8,530	$0	$8,530
Jennifer Vigil	Director (As of 7/23)	2.00	Director	$0	$0	$0
Pat Wright	Director	2.00	Director	$0	$0	$0
Shelly O'Quinn	Chief Executive Officer	39.80	Officer	$301,304	$33,633	$334,937
Aaron McMurray	Chief Strategy Officer	40.00	Officer	$163,838	$34,896	$198,734
Lauren Autrey	Chief Financial & Operating Officer	39.00	Officer	$172,482	$25,329	$197,811
Molly Sanchez	Chief Community Investment Officer	40.00	Officer	$133,204	$22,295	$155,499
Ben Small	Executive Director of LaunchNW	40.00	Highest	$140,548	$34,458	$175,006
Erin Vincent Associate	Director of LaunchNW (Until 11/23)	40.00	Highest	$110,938	$25,249	$136,187
Matt Bumpus Director of Research	and Community Impact	40.00	Highest	$114,224	$19,991	$134,215

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	No data	No data	No data	No data
2024	$35,126,446	$19,018,596	$256,295,102	$16,107,850
2023	$45,002,329	$13,733,721	$216,731,958	$31,268,608
2022	$30,081,757	$14,195,053	$167,789,472	$15,886,704
2021	$52,076,243	$43,059,964	$187,470,222	$9,016,279
2020	$27,327,489	$13,688,853	$144,834,629	$13,638,636
2019	$13,526,637	$8,489,430	$136,023,236	$5,037,207

Innovia Foundation