MISSOURI INNOVATION CENTER 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

1984

Legal Domicile

Principal Officer

QUINTEN MESSBARGER

Phone

5738840496

Tax Period

2023-07-01 to 2024-06-30

MISSOURI INNOVATION CENTER INC, founded in 1984, is a small nonprofit that reported $633K in total revenue in fiscal year 2023. Revenue surged 9582% from the prior year, signaling strong growth momentum. Expenses of $782K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO NURTURE ENTREPRENEURS AS THEY CREATE HIGH-GROWTH VENTURES IN MID MISSOURI THAT IMPROVE LIVES AND GROW THE ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $678,504 Revenue: $339,733

MIC'S MISSION IS TO NURTURE ENTREPRENEURS AS THEY CREATE HIGH-GROWTH VENTURES IN MID-MISSOURI THAT IMPROVE LIVES AND GROW THE ECONOMY. MIC OPERATES AND MANAGES A LIFE SCIENCE BUSINESS INCUBATOR AND COLLECTS RENTS FROM OUR CLIENT COMPANIES TO OFFSET THE COSTS OF RUNNING THE INCUBATOR SPACE. IN ADDITION TO OFFICE AND LABORATORY SPACE, WE OFFER BUSINESS INCUBATION SERVICES FOCUSED ON COACHING AND MENTORING ENTREPRENEURS. WE ASSIST WITH CUSTOMER DISCOVER, FEASIBILITY STUDIES, BUSINESS MODEL DEVELOPMENT, BUILDING MANAGEMENT TEAMS, ENTREPRENEURIAL FINANCE (SBIR/STTR GRANTS, ANGEL CAPITAL, VENTURE CAPITAL), AND MAKING CONNECTIONS TO UNIVERSITY, COMMUNITY AND STATE RESOURCES. CURRENTLY WE HAVE 15 RESIDENT CLIENTS AND SERVE AN ADDITIONAL 10 NON-RESIDENT CLIENTS.

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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 $279,942

Program Service Revenue $339,733

Investment Income $12,947

Other Revenue $0

TOTAL REVENUE $632,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $398,227

Fundraising Expenses $0

Program Expenses $678,504

Other Expenses $383,998

TOTAL EXPENSES $782,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$632,622	$6,534	+95.8%
Expenses	$782,225	N/A	N/A
Net Income	$-149,603	$6,534	-23.9%

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

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

$185,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF LASHLEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RANDA RAWLINS	VICE CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLYN HENRY	VICE CHAIR & SECRETARY (THRU 9/30/23)	1.00	Officer Director	$0	$0	$0
MARK GINGRICH	TREASURER	1.00	Officer Director	$0	$0	$0
JAY ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA BUFFALOE	DIRECTOR	1.00	Director	$0	$0	$0
BRANT BUKOWSKY	DIRECTOR (THRU 9/30/23)	1.00	Director	$0	$0	$0
STACEY BUTTON	EX OFFICIO	1.00	Director	$0	$0	$0
LEAH COHN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DAUBERT	DIRECTOR	1.00	Director	$0	$0	$0
PRAVEEN EDARA	DIRECTOR	1.00	Director	$0	$0	$0
EUGENE GERKE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GUTHRIE	EX OFFICIO	1.00	Director	$0	$0	$0
JOHN HALL	DIRECTOR	1.00	Director	$0	$0	$0
KIP KENDRICK	EX OFFICIO	1.00	Director	$0	$0	$0
NOAH MANRING	DIRECTOR (THRU 11/15/23)	1.00	Director	$0	$0	$0
MATT MCCORMICK	EX OFFICIO	1.00	Director	$0	$0	$0
BALAJI RAJAGOPALAN	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY RAYMOND	DIRECTOR (THRU 9/30/23)	1.00	Director	$0	$0	$0
SCOTT RECTOR	DIRECTOR (THRU 9/30/23)	1.00	Director	$0	$0	$0
TOM SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
QUINTEN MESSBARGER	PRESIDENT AND CEO	40.00	Officer	$150,000	$35,728	$185,728

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	$632,622	$782,225	$633,776	$-149,603
2023	$586,727	$697,693	$801,037	$-110,966
2022	$697,561	$645,818	$937,896	$51,743
2021	$657,090	$700,018	$915,936	$-42,928
2020	$754,413	$730,689	$911,115	$23,724
2019	$851,755	$797,507	$877,587	$54,248
2018	$945,123	$842,377	$791,512	$102,746