THE STARTUP ACCELERATOR INC (EIN 275088434) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

KEVIN PATTERSON

Phone

3172963465

Tax Period

2024-06-01 to 2025-05-31

THE STARTUP ACCELERATOR INC, founded in 2011, is a micro nonprofit that reported $93K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $179K exceeded revenue, resulting in a 92% operating deficit.

Mission

THE START-UP ACCELERATOR, DBA THE SPEAK EASY, IS A NON-PROFIT MEMBERSHIP BASED COWORKING ORGANIZATION WITH A MISSION TO CULTIVATE THE HEALTHIEST POSSIBLE ENTREPRENEURIAL ECOSYSTEM BY 1)CULTIVATING A COMMUNITY WHERE MEMBERS CAN CREATE, COLLABORATE, AND LEARN AND BY 2)BRINGING ESTABLISHED BUSINESSES AND ENTREPRENEURS TOGETHER FOR THE GOOD OF EVERYONE IN INDIANAPOLIS. THE PROGRAM SERVICE ACCOMPLISHMENTS ARE MEASURED BY COMMUNITY AND ECONOMIC IMPACT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $91,834

Program Service Revenue $15,609

Investment Income $-82,003

Other Revenue $67,550

TOTAL REVENUE $92,990

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,682

Fundraising Expenses $0

Program Expenses $98,115

Other Expenses $123,164

TOTAL EXPENSES $178,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,990	$193,465	-0.5%
Expenses	$178,846	$253,238	-0.3%
Net Income	$-85,856	$-59,773	+0.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$51,239

Total Directors

$50,020

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHELSEA MARBURGER	EXECUTIVE DIRECTOR	40.00	Officer Director	$50,020	$0	$50,020
JOE DURAN	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KRIS CASEY	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KEVIN PATTERSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SAM MAHER	NOARD MEMBER	1.00	Officer Director	$0	$0	$0
MEG HOVIOUS	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
NATALIA RODRIGUEZ-HILT	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
NEENAH JAIN	TREASURER	1.00	Officer Director	$0	$0	$0
BEN PIDGEON	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
NIDA ANSARI	TREASURER	1.00	Officer Director	$0	$0	$0
EMILY KRAWZAK	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JEFF WEITEKAMP	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
CODY VIBBERT	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
ASYAH VAN	SPECIAL EVENTS MANAGER	1.00	Officer	$1,219	$0	$1,219

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	$92,990	$178,846	$36,938	$-85,856
2024	$193,465	$253,238	$163,780	$-59,773
2023	$148,677	$253,270	$225,515	$-104,593
2022	$302,173	$160,740	$447,777	$141,433
2021	$179,098	$172,728	$387,411	$6,370
2020	$302,081	$228,522	$277,679	$73,559
2019	$217,147	$409,742	$170,706	$-192,595
2018	$481,873	$583,967	$371,741	$-102,094

THE STARTUP ACCELERATOR INC