MHUB (EIN 463388438) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

HAVEN ALLEN

Phone

3122488701

Tax Period

2023-01-01 to 2023-12-31

MHUB, founded in 2013, is a mid-sized nonprofit in the Community Improvement sector that reported $18.8M in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.6M, a strong 51% operating margin.

Mission

MHUB IS THE NATION'S LARGEST AND FASTEST GROWING INNOVATION CENTER FOR HARDTECH AND MANUFACTURING. MHUB IS A COMMUNITY OF PRODUCT DESIGNERS, DEVELOPERS, ENTREPRENEURS, ENGINEERS, AND MANUFACTURERS TAKING BREAKTHROUGH PRODUCTS TO MARKET.

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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 $12,588,588

Program Service Revenue $5,927,270

Investment Income $201,197

Other Revenue $91,374

TOTAL REVENUE $18,808,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,903,605

Fundraising Expenses $348,467

Program Expenses $4,941,932

Other Expenses $5,291,432

TOTAL EXPENSES $9,195,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,808,429	$9,116,950	+1.1%
Expenses	$9,195,037	$8,178,780	+0.1%
Net Income	$9,613,392	$938,170	+9.2%

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

$936,054

Total Directors

$523,304

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAVEN ALLEN	CHIEF EXECUTIVE OFFICER & PRESIDENT	40.00	Officer Director	$272,543	$17,257	$289,800
MANAS MEHANDRU	CHIEF OPERATING OFFICER & TREASURER	49.00	Officer Director	$223,956	$9,548	$233,504
KEVIN WILLER	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
MEREDITH O'CONNOR	VICE CHAIRPERSON	0.20	Officer Director	$0	$0	$0
LAURA FERRIS ANDERSON	BOARD DIRECTOR	0.20	Director	$0	$0	$0
JACOB BABCOCK	BOARD DIRECTOR	0.20	Director	$0	$0	$0
JIAN CAO	BOARD DIRECTOR	0.20	Director	$0	$0	$0
MEGAN CLIFFORD	BOARD DIRECTOR	0.20	Director	$0	$0	$0
EDWARD COLEMAN	BOARD DIRECTOR	0.20	Director	$0	$0	$0
MICHON ELLIS	BOARD DIRECTOR	0.20	Director	$0	$0	$0
ERIN GUTHRIE	BOARD DIRECTOR	0.20	Director	$0	$0	$0
MARK KARASEK	BOARD DIRECTOR	0.20	Director	$0	$0	$0
STEVEN KASE	BOARD DIRECTOR	0.20	Director	$0	$0	$0
KAREN KERR	BOARD DIRECTOR	0.20	Director	$0	$0	$0
STEVE KOCH	BOARD DIRECTOR	0.20	Director	$0	$0	$0
USHMA KRIPLANI	BOARD DIRECTOR	0.20	Director	$0	$0	$0
JEFF MALEHORN	BOARD DIRECTOR	0.20	Director	$0	$0	$0
JEFFREY MARGOLIS	BOARD DIRECTOR	0.20	Director	$0	$0	$0
DON MCNEILL	BOARD DIRECTOR	0.20	Director	$0	$0	$0
COREY RYAN	BOARD DIRECTOR	0.20	Director	$0	$0	$0
THOMAS SIMEONE	BOARD DIRECTOR	0.20	Director	$0	$0	$0
NICOLE STEVENSON	BOARD DIRECTOR	0.20	Director	$0	$0	$0
NANCY SULLIVAN	BOARD DIRECTOR	0.20	Director	$0	$0	$0
MARK TEBBE	BOARD DIRECTOR	0.20	Director	$0	$0	$0
GARTH WALKER	BOARD DIRECTOR	0.20	Director	$0	$0	$0
ROBERT WEISSBOURD	BOARD DIRECTOR	0.20	Director	$0	$0	$0
NICOLE WOLTER	BOARD DIRECTOR	0.20	Director	$0	$0	$0
MELISSA LEDERER	CHIEF EXPERIENCE OFFICER & SECRETARY	45.00	Officer	$217,319	$14,330	$231,649
WILLIAM FIENUP	VP OF INNOVATION SERVICES & VICE PRESIDENT	40.00	Officer	$174,388	$6,713	$181,101
THIERRY VAN LANDEGEM	EXECUTIVE DIRECTOR	40.00	Highest	$175,630	$4,457	$180,087
ALLISON WINSTEL	CHIEF OF STAFF	40.00	Highest	$140,087	$7,265	$147,352
SHANNON MCGHEE	VP OF PROGRAMS AND ENGAGEMENT	40.00	Highest	$122,192	$5,653	$127,845
BINYOMIN BERLIN	DIRECTOR OF CORPORATE PARTNERSHIPS	40.00	Highest	$119,293	$0	$119,293

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	$18,808,429	$9,195,037	$49,982,089	$9,613,392
2022	$9,116,950	$8,178,780	$9,378,153	$938,170
2021	$6,781,086	$7,382,926	$5,077,327	$-601,840
2020	$5,944,206	$6,357,610	$2,471,913	$-413,404
2019	$4,253,679	$5,537,170	$2,619,108	$-1,283,491
2018	$3,601,090	$4,202,751	$2,032,432	$-601,661

MHUB