INNOVATE PASADENA (EIN 954825583) - 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

Phone

6267141424

Tax Period

2018-10-01 to 2019-09-30

INNOVATE PASADENA is a small nonprofit in the Community Improvement sector that reported $225K in total revenue in fiscal year 2018. Revenue decreased 16% compared to the prior year. Expenses of $302K exceeded revenue, resulting in a 34% operating deficit.

Mission

THE MISSION OF INNOVATE PASADENA IS TO ADVANCE GREATER PASADENA AS A CENTER FOR TECHNOLOGY AND DESIGN INNOVATION BY SUPPORTING COLLABORATION ACROSS AND WITHIN BUSINESS, ACADEMIA, AND THE BROADER COMMUNITY IN ORDER TO ATTRACT AND RETAIN COMPANIES, ENTREPRENEURS, AND CAPITAL.

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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 (2018)

Revenue Breakdown

Contributions & Grants $201,861

Program Service Revenue $23,289

Investment Income $21

Other Revenue $0

TOTAL REVENUE $225,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,822

Fundraising Expenses $9,781

Program Expenses $190,831

Other Expenses $89,261

TOTAL EXPENSES $302,083

Year-over-Year Comparison

	2018	2017	Change
Revenue	$225,171	$267,826	-0.2%
Expenses	$302,083	$408,326	-0.3%
Net Income	$-76,912	$-140,500	-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

N/A

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

$97,348

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GIARDELLO	Chairman	1.00	Officer Director	$0	$0	$0
MICHELLE GARRETT	Director	1.00	Director	$0	$0	$0
ROB MCCLINTON	Vice President	1.00	Director	$0	$0	$0
MARK BREITENBERG	Director	1.00	Officer Director	$0	$0	$0
ELIZABETH KUCHAR	President	20.00	Officer Director	$0	$0	$0
GENE CHUANG	Director	1.00	Director	$0	$0	$0
DANIEL TUDO	Director	1.00	Director	$0	$0	$0
CHRIS WADDEN	Director	1.00	Director	$0	$0	$0
BOB MALCHIONE	Director	1.00	Director	$0	$0	$0
DAVID BAILEY	Director	1.00	Director	$0	$0	$0
JEFF KETLNER	Director	1.00	Director	$0	$0	$0
JOHN SWEET	Director	1.00	Director	$0	$0	$0
LAWREN MARKLE	Director	1.00	Director	$0	$0	$0
AARON FYKE	Director	1.00	Director	$0	$0	$0
ISAAC GARCIA	Secretary	1.00	Director	$0	$0	$0
SALVATRICE CUMMO	Director	1.00	Director	$0	$0	$0
JERED GOLD	Director	1.00	Director	$0	$0	$0
ERIN BECK	Director	0.00	Director	$0	$0	$0
RAYMOND EALY	Director	1.00	Director	$0	$0	$0
GLADYS KONG	Director	1.00	Director	$0	$0	$0
AARON WHEELER	Treasurer	1.00	Director	$0	$0	$0
ALEX MALEKI	Director	1.00	Director	$0	$0	$0
JIM MCCARTHY	Director	1.00	Director	$0	$0	$0
BRAD SCHWARTZ	Director	1.00	Director	$0	$0	$0
CLAIRE RALPH	Director	1.00	Director	$0	$0	$0
PETRA WENNBERG CESARIO	Director	1.00	Director	$0	$0	$0
EVAN HITCHCOCK	Director	0.00	Director	$0	$0	$0
JOHN KEATLEY	Director	0.00	Director	$0	$0	$0
FRED FARINA	Director	1.00	Director	$0	$0	$0
ERIC HERRING	Director	40.00	Director	$97,348	$0	$97,348
JULIE-ANN PINA	Director	0.00	Director	$0	$0	$0
RAJ PURI	Director	0.00	Director	$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
2019	$225,171	$302,083	$39,808	$-76,912
2018	$267,826	$408,326	$114,274	$-140,500

INNOVATE PASADENA