NOVACOMM

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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

2008

Legal Domicile

Principal Officer

JOHN MAJOR

Phone

8585464150

Tax Period

2023-07-01 to 2024-06-30

Mission

NOVACOMM'S MISSION IS TO CREATE JOBS AND EDUCATE SOUTHERN CALIFORNIA'S HIGH-TECH COMMUNITY AT LARGE, PRIMARILY THROUGH THE EVONEXUS INCUBATOR.

Program Service Accomplishments

Program 1

EVONEXUS IS A LEADING NON-PROFIT HIGH-TECH TRADE ORGANIZATION AND INCUBATOR WITH LOCATIONS IN SAN DIEGO, IRVINE AND SAN MATEO. OUR MISSION IS TO STIMULATE THE GROWTH OF NEW HIGH TECHNOLOGY COMPANIES IN OUR REGION. WE PROVIDE FULL SERVICES - FURNISHED OFFICE SPACE, DOMAIN EXPERTS AND MENTORS, AND THE OPPORTUNITY TO LEVERAGE OUR WIDE NETWORK OF BUSINESS AND VC CONTRACTS - TO START-UP COMPANIES STRIVING TO ACHIEVE SUSTAINABILITY. ADMITTED STARTUPS WILL PARTICIPATE IN THE PROGRAM UP TO 24 MONTHS.EVONEXUS' STATISTICS TO DATE:- ESTABLISHED OCTOBER 2009- 7,000+ APPLICATIONS RECEIVED, 267 COMPANIES IN OUR PORTFOLIO- $4.2B IN TOTAL FUNDING AND ACQUISITION OUTCOME BY COMPANIES. 85% OF COMPANIES RECEIVED FUNDING DURING INCUBATION. - 82% OF PORTFOLIO COMPANIES ARE STILL ACTIVE- 12 COMPANIES CURRENTLY INCUBATING- 54 ACQUISITIONS- 4,000+ JOBS CREATED

Program 2

MARKETLINK IS AN OPPORTUNITY FOR COMPANIES TO INITIATE AND DEVELOP STRATEGIC RELATIONSHIPS WITH LEADING MULTI-NATIONAL CORPORATIONS. THIS UNIQUE AND POWERFUL PROGRAM INTRODUCES PARTICIPATING...

MARKETLINK IS AN OPPORTUNITY FOR COMPANIES TO INITIATE AND DEVELOP STRATEGIC RELATIONSHIPS WITH LEADING MULTI-NATIONAL CORPORATIONS. THIS UNIQUE AND POWERFUL PROGRAM INTRODUCES PARTICIPATING COMPANIES TO TOP-LEVEL EXECUTIVES SEARCHING FOR NEW PRODUCTS AND TECHNOLOGIES, ALL AT NO COST TO THE APPLICANT. THE PROGRAM IS A HIGHLY EFFICIENT AND EFFECTIVE VEHICLE FOR CONNECTING INDUSTRY GIANTS WITH QUALITY COMPANIES DEVELOPING THE LATEST TECHNOLOGY AND PRODUCTS.MARKETLINK HAS CONNECTED INNOVATIVE COMPANIES WITH MULTI-NATIONAL CORPORATIONS SUCH AS VIASAT, CUBIC, HP, LG AND OTHERS IN A TARGETED AND EXTREMELY TIME-EFFICIENT MANNER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $588

TOTAL EXPENSES $588

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$588	$588	N/A
Net Income	N/A	$-588	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MAJOR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TOM HARTMAN	TREASURER	1.00	Officer Director	$0	$0	$0
WALTER DAVIS	BOARD MEMBER,OFFICER	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
2025	No data	No data	No data	No data
2024	No data	$588	$3,422	No data
2023	No data	$588	$3,422	No data
2022	$10,002	$49,202	$3,422	$-39,200
2021	$40,003	$658	$42,034	$39,345
2020	$55,005	$60,781	$2,101	$-5,776
2019	$72,509	$88,756	$8,289	$-16,247
2018	$20,001	$17,273	$24,032	$2,728