SPOKANE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INNOVATE WASHINGTON FOUNDATION, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $944K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.
INNOVATE WASHINGTON FOUNDATION COLLABORATES, CONVENES AND CONNECTS INNOVATORS AND RESEARCHERS WITH ENTREPRENEURIAL AND FINANCIAL CAPITAL NEEDS TO PRODUCE WORLD-CLASS COMPANIES AND HIGH-VALUE JOBS THAT WILL FORM THE BACKBONE OF THE REGION'S FUTURE ECONOMY.
IGNITE NORTHWEST LEASES OUT SPACE IN THE SPOKANE TECHNOLOGY CENTER, A MULTI-PURPOSE FACILITY THAT IS PART OF THE LARGER TECHNOLOGY AND INNOVATION ECOSYSTEM IN SPOKANE SUPPORTING STARTUP COMPANIES.
THE TECHNOLOGY AND EMERGING GROWTH LOAN FUNDS HELP PROMISING STARTUPS EXPAND AND BRING INNOVATIVE PRODUCTS TO MARKET BY PROVIDING NON-DILUTIVE DEBT FINANCING TO COMPANIES THAT HAVE LIMITED ACCESS TO...
THE TECHNOLOGY AND EMERGING GROWTH LOAN FUNDS HELP PROMISING STARTUPS EXPAND AND BRING INNOVATIVE PRODUCTS TO MARKET BY PROVIDING NON-DILUTIVE DEBT FINANCING TO COMPANIES THAT HAVE LIMITED ACCESS TO CONVENTIONAL BANK FINANCING. THE FUNDS PROVIDE A BRIDGE TO CONVENTIONAL FINANCING, ECONOMIC SUCCESS AND JOB CREATION. LOANS RANGE FROM $100,000 TO $500,000.
IGNITE NORTHWEST ACCELERATES STARTUPS THROUGH A VARIETY OF PROGRAMS DESIGNED TO STIMULATE THE FORMATION OF NEW COMPANIES AND EVENTS FEATURING SUCCESSFUL ENTREPRENEURS, SUBJECT MATTER EXPERTS ON...
IGNITE NORTHWEST ACCELERATES STARTUPS THROUGH A VARIETY OF PROGRAMS DESIGNED TO STIMULATE THE FORMATION OF NEW COMPANIES AND EVENTS FEATURING SUCCESSFUL ENTREPRENEURS, SUBJECT MATTER EXPERTS ON TOPICS OF INTEREST TO EMERGING COMPANIES AND ANGEL, VENTURE AND PRIVATE EQUITY INVESTORS.
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 | $944,051 | $814,164 | +0.2% |
| Expenses | $1,079,172 | $1,136,223 | -0.1% |
| Net Income | $-135,121 | $-322,059 | -0.6% |
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 |
|---|---|---|---|---|---|---|
| THOMAS SIMPSON | CEO | 40.00 |
Officer
Director
|
$136,366 | $32,217 | $168,583 |
| RICHARD DENENNY | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SKYE HENDERSON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHELLY COLOMB | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TYLER LAFFERTY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD REPP | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| APRIL STOLTZ | CFO | 40.00 |
Officer
|
$122,628 | $40,085 | $162,713 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $944,051 | $1,079,172 | $8,589,866 | $-135,121 |
| 2023 | $814,164 | $1,136,223 | $8,526,138 | $-322,059 |
| 2022 | $1,197,636 | $1,090,314 | $8,489,904 | $107,322 |
| 2021 | $1,117,596 | $1,259,827 | $8,077,613 | $-142,231 |
| 2020 | $1,911,500 | $1,020,285 | $7,805,372 | $891,215 |
| 2019 | $660,002 | $886,359 | $6,754,258 | $-226,357 |
| 2018 | $713,902 | $1,348,458 | $6,874,165 | $-634,556 |
Compare INNOVATE WASHINGTON FOUNDATION with other nonprofits in Washington and across the country.