NCPA INNOVATION CENTER (EIN 371841962) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

KURT PROCTOR

Phone

7036832885

Tax Period

2023-07-01 to 2024-06-30

NCPA INNOVATION CENTER, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2017. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROMOTE, FURTHER AND ADVANCE THE COMMON BUSINESS INTERESTS OF COMMUNITY PHARMACIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $55,000

Program Service Revenue $2,036,023

Investment Income $0

Other Revenue $20,000

TOTAL REVENUE $2,111,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,775,652

TOTAL EXPENSES $1,775,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,111,023	$2,180,147	0.0%
Expenses	$1,775,652	$1,852,827	0.0%
Net Income	$335,371	$327,320	+0.0%

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

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

$929,549

Total Directors

$987,799

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG HOEY	CHAIRMAN	2.00	Officer Director	$0	$36,838	$641,192
KURT PROCTOR	PRESIDENT	2.00	Officer Director	$0	$27,464	$288,357
JEFF KEY	TRUSTEE	2.00	Director	$0	$0	$0
PJ AGARWAL	TRUSTEE	2.00	Director	$0	$0	$0
TRIPP LOGAN	TRUSTEE	2.00	Director	$0	$0	$0
JEANINE SINGER	TRUSTEE	2.00	Director	$0	$0	$0
MIKE MCBRIDE	TRUSTEE	2.00	Director	$0	$0	$0
JOE MOOSE	TRUSTEE	2.00	Director	$0	$0	$0
MICHELE BELCHER	TRUSTEE	2.00	Director	$0	$0	$21,625
HUGH CHANCY	TRUSTEE	2.00	Director	$0	$0	$36,625
PAM SCHWEITZER	TRUSTEE	2.00	Director	$0	$0	$0
AMINA ABUBAKAR	TRUSTEE	2.00	Director	$0	$0	$0
JOHN FRAZETTE	TRUSTEE (START 10/23)	2.00	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
2025	No data	No data	No data	No data
2024	$2,111,023	$1,775,652	$751,688	$335,371
2023	$2,180,147	$1,852,827	$360,914	$327,320
2022	$1,907,224	$1,785,483	$544,982	$121,741
2021	$1,874,552	$1,582,547	$408,411	$292,005
2020	$1,622,552	$1,746,283	$111,173	$-123,731
2019	$1,905,720	$2,117,972	$180,557	$-212,252
2018	$1,525,228	$1,750,882	$90,217	$-225,654

NCPA INNOVATION CENTER