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.
WE CONTINUE TO SUPPORT THE GROWTH OF THE LOCAL LIFE SCIENCE AND START UP COMMUNITIES BY PROVIDING FLEXIBLE SPACE FOR COMPANIES TO GROW. WE ALSO WORK WITH THE LOCAL COMMUNITY TO PROVIDE ACCESS TO THE...
WE CONTINUE TO SUPPORT THE GROWTH OF THE LOCAL LIFE SCIENCE AND START UP COMMUNITIES BY PROVIDING FLEXIBLE SPACE FOR COMPANIES TO GROW. WE ALSO WORK WITH THE LOCAL COMMUNITY TO PROVIDE ACCESS TO THE FARMER'S MARKET AND SUMMER CONCERT SERIES WHICH TAKES PLACE IN THE PARK.
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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