PENINSULA 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

DOUGLAS D STANLEY

Phone

7573256990

Tax Period

2021-10-01 to 2022-09-30

PENINSULA TECHNOLOGY INCUBATOR, founded in 2011, is a small nonprofit that reported $126K in total revenue in fiscal year 2021. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

THE PENINSULA TECHNOLOGY INCUBATOR (PTI) WAS COMMISSIONED BY THE CITY OF HAMPTON INDUSTRIAL DEVELOPMENT AUTHORITY (HAMPTON IDA) TO NURTURE THE START-UP AND GROWTH OF EMERGING TECHNOLOGY BUSINESSES IN THE HAMPTON ROADS AREA. THE ORGANIZATION PROVIDES STARTUPS WITH THE RESOURCES THEY NEED TO POSITION THEMSELVES AS THEY IMPLEMENT THEIR BUSINESS PLAN AND WORK TOWARDS RAISING CAPITAL.

Program Service Accomplishments

Program 1

Expenses: $95,001 Revenue: $20,856

HAMPTON IDA GRANT: PTI PROVIDES CLIENTS WITH OFFICE ACCOMMODATIONS, ACCESS TO LABORATORIES, AND BUSINESS CONSULTING SERVICES. PTI ASSISTS CLIENTS WITH BUSINESS PLANS, MARKETING DEVELOPMENT AND...

HAMPTON IDA GRANT: PTI PROVIDES CLIENTS WITH OFFICE ACCOMMODATIONS, ACCESS TO LABORATORIES, AND BUSINESS CONSULTING SERVICES. PTI ASSISTS CLIENTS WITH BUSINESS PLANS, MARKETING DEVELOPMENT AND CAPITALIZATION. IT HAS CATALYZED THE ORGANIZATION AND MANAGEMENT OF A REGIONAL ACCELERATOR, 757 ACCELERATE, PROVIDING ADDITIONAL BUSINESS AND ENTREPRENEURIAL SERVICES IN CONJUNCTION WITH PTI. PART OF THIS RELATIONSHIP PROVIDES FIRST STAGE INVESTORS TO PROVIDE SEED FUNDING AND EARLY STAGE FUNDING OF COMPANIES IN THE REGION THUS ENSURING THAT NASCENT BUSINESSES HAVE NEEDED CAPITAL TO FACILITATE THE DELICATE EARLY STAGES OF COMPANY GROWTH AND DEVELOPMENT. PTI ALSO SUPPORTS ENTREPRENEURIAL EDUCATION AND OUTREACH IN THE HAMPTON ROADS AREA. PTI ENGAGES WITH NIA'S RESEARCHERS AND GRADUATE STUDENTS, AS WELL AS UNDERGRADUATE AND K-12 STUDENTS TO ADVANCE THE TECHNOLOGY COMMERCIALIZATION OBJECTIVES OF BOTH NIA AND THE CITY OF HAMPTON. PTI DEVELOPS, ORGANIZES AND IMPLEMENTS BUSINESS TECHNOLOGY SHOWCASE EVENTS, BUSINESS PLAN COMPETITIONS AT FIVE LOCAL UNIVERSITIES AND COLLEGES, AND IS WORKING IN COLLABORATION WITH A NUMBER OF STEM PROGRAMS IN THE REGION.

Program 2

Expenses: $2,109

PTI TRANSFERRED ALL REMAINING ASSETS TO ITS SUPPORTED ORGANIZATION, NATIONAL INSTITUTE OF AEROSPACE ASSOCIATES, AND DISSOLVED.

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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 (2021)

Revenue Breakdown

Contributions & Grants $105,000

Program Service Revenue $20,856

Investment Income $2

Other Revenue $0

TOTAL REVENUE $125,858

Expense Breakdown

Grants Paid $2,109

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,110

Other Expenses $123,473

TOTAL EXPENSES $125,582

Year-over-Year Comparison

	2021	2020	Change
Revenue	$125,858	$247,491	-0.5%
Expenses	$125,582	$250,741	-0.5%
Net Income	$276	$-3,250	-1.1%

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

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

$1,183,721

Total Directors

$906,091

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS O STANLEY	DIRECTOR & PRESIDENT	1.00	Officer Director	$0	$51,566	$475,902
KARL L DREWS	DIRECTOR & SECRETARY TO 5/12/22	1.00	Officer Director	$0	$26,910	$196,642
DR BARRY L BURKS	DIRECTOR	1.00	Director	$0	$0	$5,000
CATHERINE HOPKINS	DIRECTOR & SECRETARY FROM 5/18/22	1.00	Officer Director	$0	$29,563	$228,547
KERRY L CHRISTIAN	TREASURER	1.00	Officer	$0	$24,800	$282,630

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
2022	$125,858	$125,582	No data	$276
2021	$247,491	$250,741	$25,391	$-3,250
2020	$264,809	$264,809	$94,419	No data
2019	$251,672	$246,235	$118,660	$5,437
2018	$257,434	$257,434	$90,845	No data