LAUNCH Terre Haute Inc DBA The Station (EIN 465697332) - 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

2016

Legal Domicile

Phone

8122442762

Tax Period

2024-01-01 to 2024-12-31

LAUNCH Terre Haute Inc DBA The Station, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $207K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $185K left a modest 11% surplus.

Mission

To provide collaborative workspace open to freelance workers, independent workers, independent contractors, entrepreneurs, and start up companies.

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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 (2024)

Revenue Breakdown

Contributions & Grants $154,596

Program Service Revenue $52,265

Investment Income $0

Other Revenue $0

TOTAL REVENUE $206,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,677

Other Expenses $184,968

TOTAL EXPENSES $184,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,861	$305,980	-0.3%
Expenses	$184,968	$252,323	-0.3%
Net Income	$21,893	$53,657	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eleanor Caldwell	Treasurer	1.00	Officer	$0	$0	$0
Sara Smith	Vice President	1.00	Officer	$0	$0	$0
David Templeton	Vice President	1.00	Officer	$0	$0	$0
Norm Lowry	President	1.00	Officer	$0	$0	$0
Donald Scott	Vice President	1.00	Officer	$0	$0	$0
John Collett	Vice President	1.00	Officer	$0	$0	$0
Sam Shanks	Vice President	1.00	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	$206,861	$184,968	$213,940	$21,893
2023	$305,980	$252,323	$167,060	$53,657
2018	$243,780	$188,950	$107,205	$54,830

LAUNCH Terre Haute Inc DBA The Station