MANSFIELD RICHLAND INCUBATOR INC

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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

1987

Principal Officer

BARB MILLER

Phone

4195251614

Tax Period

2023-01-01 to 2023-12-31

MANSFIELD RICHLAND INCUBATOR INC, founded in 1987, is a small nonprofit that reported $185K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $257K exceeded revenue, resulting in a 39% operating deficit.

Mission

ASSIST BUSINESS START-UPS AND EMERGING COMPANIES, OFFER COUNSELING, CUSTOMER REFERRAL, ACCESS TO CAPITAL, AND TRAINING OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $241,001

PROVIDE PROGRAMS THAT ENABLE NEW BUSINESSES TO AQUIRE NEEDED ASSISTANCE, SERVICES, FACILITIES, AND TRAINING IN BUSINESS OPERATIONS.

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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 $129,291

Program Service Revenue $46,443

Investment Income $9,604

Other Revenue $0

TOTAL REVENUE $185,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,603

Fundraising Expenses $1

Program Expenses $241,001

Other Expenses $85,699

TOTAL EXPENSES $257,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$185,338	$264,569	-0.3%
Expenses	$257,302	$213,117	+0.2%
Net Income	$-71,964	$51,452	-2.4%

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

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

$99,164

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARB MILLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON BIVENS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINA ROWLAND	TREASURER	1.00	Officer Director	$0	$0	$0
TIM BOWERSOCK	DIRECTOR	1.00	Director	$0	$0	$0
GARY CASSADY	DIRECTOR	1.00	Director	$0	$0	$0
JAY GOYAL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GRANT	VICE PRESIDE	1.00	Director	$0	$0	$0
CAMERON HARING	DIRECTOR	1.00	Director	$0	$0	$0
JODIE PERRY	DIRECTOR	1.00	Director	$0	$0	$0
MARK HESS	DIRECTOR	1.00	Director	$0	$0	$0
MATT MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JAY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
JACK STEWART	DIRECTOR	1.00	Director	$0	$0	$0
CURT WALTER	DIRECTOR	1.00	Director	$0	$0	$0
JAKE WARD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT COHEN	CEO	40.00	Director	$99,164	$0	$99,164

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	$185,338	$257,302	$529,682	$-71,964
2022	$264,569	$213,117	$595,236	$51,452
2021	$134,665	$199,609	$537,839	$-64,944
2020	$147,216	$199,964	$602,071	$-52,748
2019	$361,978	$511,857	$656,640	$-149,879
2018	$-1,483,114	$451,029	$794,357	$-1,934,143