ECONOMIC POLICY INNOVATION CENTER INC

EIN: 932029728 501(c)(3) Social Science

SPRINGFIELD, VA

Total Revenue
$1,600,299
Total Expenses
$353,536
Total Assets
$1,250,437
Net Assets
$1,246,763
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
DE
Principal Officer
DR PAUL WINFREE
Phone
7577842323
Tax Period
2023-06-16 to 2023-12-31

ECONOMIC POLICY INNOVATION CENTER INC, founded in 2023, is a community nonprofit in the Social Science sector that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $1.2M, a strong 78% operating margin.

Mission

ECONOMIC POLICY INNOVATION CENTER, INC.'S (EPIC) MISSION IS TO SUPPORT AND SPONSOR RESEARCH ON ECONOMIC ISSUES, AND TO DEVELOP PROPOSALS FOR IMPROVEMENT OF THE U.S. ECONOMY IN THE INTEREST OF THE CITIZENS AT LARGE. IN FURTHERANCE OF THIS MISSION, EPIC PUBLISHES AND DISTRIBUTES RESEARCH RESULTS AND OTHER EDUCATIONAL AND POLICY-ORIENTED CONTENT.

Program Service Accomplishments

Program 1
Expenses: $278,374

EPIC SUPPORTS A FREE AND OPEN SOCIETY THAT PROMOTES ECONOMIC ABUNDANCE AND OPPORTUNITY FOR ALL CITIZENS. EPIC DEVELOPS AND PROMOTES AN ECONOMIC POLICY AGENDA THAT ADVANCES A FREE AND PROSPEROUS...

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EPIC SUPPORTS A FREE AND OPEN SOCIETY THAT PROMOTES ECONOMIC ABUNDANCE AND OPPORTUNITY FOR ALL CITIZENS. EPIC DEVELOPS AND PROMOTES AN ECONOMIC POLICY AGENDA THAT ADVANCES A FREE AND PROSPEROUS AMERICA BY DELIVERING PRACTICAL POLICY SOLUTIONS, EDUCATING POLICYMAKERS, AND BUILDING BRIDGES WITH OTHER CONSTITUENCIES IN THE POLICY ECOSYSTEM. EPIC IS FOCUSED ON KEY ISSUE AREAS, INCLUDING THE ECONOMY WRIT LARGE; THE FEDERAL BUDGET (SPENDING, TAXES, AND DEBT); EDUCATION, WORKFORCE, AND RETIREMENT; AND SOCIAL PROGRAMS. EPIC PRODUCES AND DISTRIBUTES ORIGINAL RESEARCH, PROVIDES FEDERAL POLICYMAKERS WITH EDUCATIONAL RESOURCES, AND FOSTERS COOPERATION WITH OTHER ORGANIZATIONS THAT ALSO SEEK TO IMPROVE THE NATION'S FISCAL HEALTH.EPIC LOOKS AT LONG-TERM ECONOMIC QUESTIONS AND HOW TO SOLVE THEM - ASSESSING THE COUNTRY'S MOST PRESSING ECONOMIC CHALLENGES AND THEN PRESENTING SOLUTIONS TO THESE COMPLEX PROBLEMS. EPIC'S INNOVATIVE APPROACH PROMOTES A PRO-GROWTH AGENDA THAT ADVANCES FREEDOM AND MEANINGFUL REFORMS. EPIC LAUNCHED MID-YEAR 2023 AND IMMEDIATELY BEGAN PRODUCING RESEARCH ON IMPORTANT, TIMELY AREAS OF BUDGET AND ECONOMIC POLICY. THE EPIC TEAM'S ORIGINAL RESEARCH AND FINDINGS, WHITE PAPERS AND TESTIMONY, RESOURCES (I.E., "EPIC ANALYSIS"), AND ACCESSIBLE ADVICE DOCUMENTS (I.E., "EPIC EXPLAINERS") ARE ALL PUBLICLY AVAILABLE ON EPIC'S WEBSITE.DR. PAUL WINFREE AND THE EPIC TEAM RELEASED RESEARCH OUTLINING THE FUTURE ECONOMIC IMPACTS AND OPPORTUNITY COSTS OF THE COVID-19 PANDEMIC, THE VALUE OF APPRENTICESHIPS, AND THE SERIOUS IMPLICATIONS OF A MASSIVE FEDERAL DEBT. ADDITIONALLY, EPIC OFFERED PRACTICAL POLICY EDUCATION FOR LAWMAKERS GRAPPLING WITH HOW TO HANDLE OVERSIGHT OF PANDEMIC-RELATED APPROPRIATIONS.ADDITIONAL TOPICS COVERED IN EPIC'S RESEARCH IN 2023 INCLUDED THE ECONOMY OF THE FUTURE (AND CONSIDERATIONS FOR A CHANGING WORKFORCE AND ECONOMIC MOBILITY), MONETARY STABILITY AND THE GROWING ECONOMIC CONSEQUENCES OF HIGH FEDERAL DEBT, LABOR MARKET TRENDS, EXPANSION OF EMPLOYMENT OPPORTUNITIES, IMPROPER FEDERAL GOVERNMENT PAYMENTS, AND THE IMPLICATIONS OF INSOLVENCY FOR THE SOCIAL SECURITY TRUST FUND.EPIC ALSO FOUND SUCCESS IN REVIEWING DATA FROM THE CONGRESSIONAL BUDGET OFFICE - INCLUDING FISCAL YEAR 2023 OUTLAYS, REVENUES, DEFICIT, AND DEBT AND PROVIDED ANALYSIS OF THE RELEVANT INFORMATION IN A SERIES OF DOCUMENTS THAT HELPS POLICYMAKERS UNDERSTAND THE IMPLICATIONS OF THE GROWING FEDERAL DEBT.EPIC WILL CONTINUE TO GROW, EXPAND AREAS OF RESEARCH, AND DEVELOP EFFECTIVE POLICY SOLUTIONS, AND ENABLE A FREE AND PROSPEROUS AMERICA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,600,205
Program Service Revenue $0
Investment Income $0
Other Revenue $94
TOTAL REVENUE $1,600,299

Expense Breakdown

Grants Paid $0
Salaries & Benefits $218,313
Fundraising Expenses $12,141
Program Expenses $278,374
Other Expenses $135,223
TOTAL EXPENSES $353,536

Year-over-Year Comparison

2023 2022 Change
Revenue $1,600,299 N/A N/A
Expenses $353,536 N/A N/A
Net Income $1,246,763 N/A N/A
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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Governance

Voting Members
3
Independent Members
2
Employees
4
Volunteers
2

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
2
$151,500
Total Directors
3
$87,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR PAUL WINFREE PRESIDENT & CEO/DIRECTOR 40.00
Officer Director
$87,500 $0 $87,500
BRIAN HOOKS DIRECTOR 2.00
Director
$0 $0 $0
ART POPE DIRECTOR 1.00
Director
$0 $0 $0
BRITTANY MADNI EXECUTIVE VP, SECRETARY/TREASURER 40.00
Officer
$64,000 $0 $64,000
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 No data No data No data No data
2023 $1,600,299 $353,536 $1,250,437 $1,246,763
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