CROSSROADS INCUBATOR CORPORATION

EIN: 141713435 501(c)(3)

GLOVERSVILLE, NY

Total Revenue
$184,164
Total Expenses
$7,822
Total Assets
N/A
Net Assets
N/A
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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

Formation Year
1988
Legal Domicile
NY
Principal Officer
RON OLINSKY
Phone
5187257700
Tax Period
2019-01-01 to 2019-12-31

CROSSROADS INCUBATOR CORPORATION, founded in 1988, is a small nonprofit that reported $184K in total revenue in fiscal year 2019. Revenue surged 6207% from the prior year, signaling strong growth momentum. The organization ran a surplus of $176K, a strong 96% operating margin.

Mission

TO ENHANCE EMPLOYMENT OPPORTUNITIES AND TO PROMOTE THE ECONOMIC WELL-BEING OF FULTON COUNTY, NEW YORK BY PROVIDING FACILITIES AND SUPPORT SERVICES TO NEW BUSINESSES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1
Other Revenue $184,163
TOTAL REVENUE $184,164

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $7,822
TOTAL EXPENSES $7,822

Year-over-Year Comparison

2019 2018 Change
Revenue $184,164 $2,920 +62.1%
Expenses $7,822 $13,672 -0.4%
Net Income $176,342 $-10,752 -17.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENT KIRCH DIRECTOR 1.00
Director
$0 $0 $0
RON OLINSKY CHAIR 1.00
Officer Director
$0 $0 $0
JIM SELMSER TREASURER/SE 1.00
Officer Director
$0 $0 $0
JACK WILSON DIRECTOR 1.00
Officer 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 $184,164 $7,822 No data $176,342
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