Innovative Concepts
Fort Gratiot, Michigan
DHealth Score
34D
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Poor
💰
$125K
Total Revenue
📊
$147K
Total Expenses
🏦
$269K
Net Assets
📋
$214K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+14.6%
Year-over-year change (2022 → 2023)
Net Margin
-17.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.83
Net assets divided by total expenses
Liabilities-to-Assets
44.3%
Total liabilities as % of total assets
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $124,934↑15% | $147,008↑17% | $483,525↓6% | |
| 2022 | $109,027↓33% | $125,138↓27% | $513,370↓8% | — |
| 2021 | $161,835↑18% | $171,853↑25% | $555,846↓12% | — |
| 2020 | $136,823↑36% | $137,609↑17% | $633,308↓5% | — |
| 2019 | $100,473↑9% | $117,255↑7% | $669,233 | — |
| 2018 | $92,079↑2% | $109,279↓1% | $670,639↓3% | — |
| 2017 | $90,428↓2% | $110,898 | $688,233↓4% | — |
| 2016 | $91,945↓2% | $111,096↓73% | $713,446↓1% | — |
| 2015 | $93,611↑5% | $417,238↑298% | $719,198↓4% | — |
| 2014 | $88,901↓1% | $104,866↑4% | $751,986 | — |
| 2013 | $89,771↓4% | $100,830↓2% | $752,015↓4% | — |
| 2012 | $93,606↓7% | $102,887 | $787,388↓1% | — |
| 2011 | $100,590 | $102,381 | $798,098 | — |
Frequently Asked Questions
What does Innovative Concepts do?▼
Innovative Concepts is a unclassified nonprofit organization based in Michigan. It is classified under NTEE code Z99Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Innovative Concepts financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Innovative Concepts.
How much revenue does Innovative Concepts generate?▼
Innovative Concepts reports $97K in annual revenue and holds $383K in total assets, based on IRS filings.
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