Cultivate (EIN 320488937) - 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

2016

Legal Domicile

Principal Officer

Matthew B Yerkes

Phone

6145940046

Tax Period

2023-01-01 to 2023-12-31

Cultivate, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $247K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

To foster entrepreneurial growth by providing a work space, technology, and professional guidance for start-up companies.

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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 $222,387

Program Service Revenue $24,640

Investment Income $0

Other Revenue $0

TOTAL REVENUE $247,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,412

Fundraising Expenses $0

Program Expenses $241,824

Other Expenses $142,054

TOTAL EXPENSES $246,466

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,027	$316,516	-0.2%
Expenses	$246,466	$309,470	-0.2%
Net Income	$561	$7,046	-0.9%

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

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
Rick Hulse	Chairman-Trustee	2.00	Officer Director	$0	$0	$0
Matthew Yerkes	Executive Director	25.00	Officer Director	$0	$0	$0
Allen Houk	Trustee	1.00	Officer Director	$0	$0	$0
Lori Eisel	Trustee	1.00	Director	$0	$0	$0
Gary Ross	Trustee	1.00	Director	$0	$0	$0
Kristy Campbell	Trustee	1.00	Director	$0	$0	$0
Jason Hipsher	Trustee	1.00	Director	$0	$0	$0
Larry Pliskin	Trustee	1.00	Director	$0	$0	$0
Kyle Rausch	Trustee	1.00	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
2024	No data	No data	No data	No data
2023	$247,027	$246,466	$15,214	$561
2022	$316,516	$309,470	$20,955	$7,046
2021	$293,992	$285,044	$13,871	$8,948
2020	$260,811	$263,482	$2,247	$-2,671
2019	$150,327	$156,307	$1,402	$-5,980
2018	$106,451	$108,369	$4,075	$-1,918

Cultivate