EVOLVE INNOVATION CENTER (EIN 920999043) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

BRYANT YOUNGBLOOD JR

Phone

3309427608

Tax Period

2024-01-01 to 2024-12-31

EVOLVE INNOVATION CENTER, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $263K in total revenue in fiscal year 2024. Revenue surged 150% from the prior year, signaling strong growth momentum.

Mission

OUR ORGANIZATION IS BUILT UPON THE FOUNDATION OF EVOLVING EDUCATION, FAMILIES AND COMMUNITIES. WE HAVE A MISSION TO TRANSFORM THE PERSPECTIVES OF THE INDIVIDUALS THAT WE ENCOUNTER THROUGHOUT OUR PROGRAMMING. RATHER IT BE A HIGH SCHOOL SENIOR WORKING TO EARN HIS CERTIFICATION AS A 3D PRINTING TECHNICIAN, A YOUNG MOTHER THAT IS YEARNING FOR ASSISTANCE AS SHE NAVIGATES THE STRUGGLES OF MOTHERHOOD, OR A FAMILY THAT HAS BEEN ON THE WAITLIST FOR AFFORDABLE HOUSING FOR THE PAST TWO YEARS. EVOLVE WILL BECOME A PART OF THAT SOLUTION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $261,337

Investment Income $0

Other Revenue $1,593

TOTAL REVENUE $262,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,487

Fundraising Expenses $0

Program Expenses $272,398

Other Expenses $129,911

TOTAL EXPENSES $272,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,930	$105,236	+1.5%
Expenses	$272,398	$83,354	+2.3%
Net Income	$-9,468	$21,882	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
BRYANT YOUNGBLOOD JR	EXECUTIVE DI	1.00	Officer	$0	$0	$0
KEITH LOGAN	BOARD MEMBER	1.00	Officer	$0	$0	$0
MANFRED MICHALSKI	BOARD MEMBER	1.00	Officer	$0	$0	$0
JODY PEDALINE	BOARD MEMBER	1.00	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
2024	$262,930	$272,398	$18,098	$-9,468

EVOLVE INNOVATION CENTER