Louisville, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Hershey Center for Applied Research Inc, founded in 2006, is a small nonprofit that reported $270K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $490K exceeded revenue, resulting in a 81% operating deficit.
ORGANIZATION'S MISSION STATEMENT: HERSHEY CENTER FOR APPLIED RESEARCH, INC'S MISSION IS: 1. POSITION HERSHEY CENTER FOR APPLIED RESEARCH AS AN INTEGRAL PART OF THE COMMUNITY, DEDICATED TO THE PURPOSE OF BRINGING VITAL NEW LIFE SCIENCES AND TECHNOLOGY-BASED BUSINESSES TO THE SOUTH CENTRAL PENNSYLVANIA REGION IN ORDER TO PROMOTE ECONOMIC DEVELOPMENT, EMPLOYMENT, AND RETENTION OF A SKILLED AND EDUCATED LABOR FORCE. 2. FACILITATE THE CREATION OF NEW BUSINESS THROUGH THE TRANSFER OF TECHNOLOGY AND BUSINESS SKILLS AMONG UNIVERSITY, INDUSTRY, GOVERNMENT, AND NON-PROFIT INSTITUTIONS. 3. FURTHER STIMULATE ECONOMIC DEVELOPMENT BY SUPPORTING COMMUNITY EVENTS THROUGHOUT THE YEAR TO PROMOTE LOCAL BUSINESSES, LOCAL ARTISTS AND MUSICIANS THROUGH THE FARMERS MARKET & SUMMER CONCERT SERIES HELD WEEKLY FROM MAY THROUGH OCTOBER. 4. PROVIDE OPPORTUNITIES FOR SPACE TO HOUSE LIFE SCIENCES & TECHNOLOGY START UPS AND SPIN OUTS FROM THE UNIVERSITY AND THE COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $270,324 | $245,885 | +0.1% |
| Expenses | $490,296 | $454,322 | +0.1% |
| Net Income | $-219,972 | $-208,437 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Christian N Cummings | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Brian K Wood | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| James Berens | Director & Treasurer | 0.1 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $270,324 | $490,296 | $29,095 | $-219,972 |
| 2023 | $245,885 | $454,322 | $22,843 | $-208,437 |
| 2022 | $206,995 | $464,573 | $22,334 | $-257,578 |
| 2021 | $116,592 | $446,819 | $83,370 | $-330,227 |
| 2020 | $278,164 | $450,512 | $31,066 | $-172,348 |
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