USCColumbia Technology Incubator

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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

Bill Kirkland

Phone

8039312544

Tax Period

2022-01-01 to 2022-12-31

USCColumbia Technology Incubator, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $922K in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

This organization is formed exclusively for educational and scientific purposes and to increase economic development in the Midlands Region of South Carolina.

Program Service Accomplishments

Program 1

Expenses: $1,002,774 Revenue: $343,900

Provide customized coaching, mentoring, informational seminars, strategic reviews, and intellectual property assessments. Handle urgent company business needs by arranging immediate access to a team of respected local, regional and national mentors and experts. Revenue includes government grants and other revenues that are all related to the program, but excludes rent as noted in b below.

Program 2

Expenses: $0 Revenue: $245,091

Occupancy rental income and expenses for organizations participating in the incubator program Income 245,091 Expenses 271,698

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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 (2022)

Revenue Breakdown

Contributions & Grants $604,140

Program Service Revenue $343,900

Investment Income $267

Other Revenue $-26,605

TOTAL REVENUE $921,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,421

Fundraising Expenses $0

Program Expenses $1,002,774

Other Expenses $1,075,164

TOTAL EXPENSES $1,128,585

Year-over-Year Comparison

	2022	2021	Change
Revenue	$921,702	$1,498,180	-0.4%
Expenses	$1,128,585	$1,232,912	-0.1%
Net Income	$-206,883	$265,268	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wm Kirkland	Chairman	4.00	Officer Director	$0	$0	$0
John F Denise	Treasurer	1.00	Officer Director	$0	$0	$0
Dr Dirk Brown	Board of Directors	1.00	Director	$0	$0	$0
David Zalesne	Board of Directors	1.00	Director	$0	$0	$0
Ryan Coleman	Board of Directors	1.00	Director	$0	$0	$0
Jeff Ruble	Board of Directors	1.00	Director	$0	$0	$0
Ravi Ravindra	Board of Directors	1.00	Director	$0	$0	$0
Pete Strom	Board of Directors	1.00	Director	$0	$0	$0
Chuck Whipple	Board of Directors	1.00	Director	$0	$0	$0
Susan Edwards Strom	Board of Directors	1.00	Director	$0	$0	$0
Daniel Rickenmann	Board of Directors	1.00	Director	$0	$0	$0
Lee MacIlwinen	Board of Directors	1.00	Director	$0	$0	$0
Timothy Davis	Board of Directors	1.00	Director	$0	$0	$0
Sarah Johnson	Board of Directors	1.00	Director	$0	$0	$0
Chad Hardaway	Executive Director	10.00	Officer	$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
2022	$921,702	$1,128,585	$573,025	$-206,883
2021	$1,498,180	$1,232,912	$748,327	$265,268
2019	$749,680	$689,547	$361,500	$60,133
2018	$788,462	$620,489	$291,005	$167,973