BERKSHIRE INNOVATION CENTER INC (EIN 471691933) - 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

2014

Legal Domicile

Principal Officer

B STEPHEN BOYD

Phone

4134491100

Tax Period

2022-07-01 to 2023-06-30

BERKSHIRE INNOVATION CENTER INC, founded in 2014, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2022. Revenue surged 54% from the prior year, signaling strong growth momentum. Net assets of $11.4M represent 92 months of operating reserves.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE FACILITIES AND EDUCATIONAL PROGRAMS THAT ENABLE AND ACCELERATE INNOVATION AND GROWTH OF EXISTING AND STARTUP BUSINESSES IN THE BERKSHIRE COUNTY, MASSACHUSETTS AREA, PARTICULARLY SMALL TO MEDIUM SIZED MANUFACTURING COMPANIES, WITH THE OBJECTIVE OF SPURRING ECONOMIC GROWTH, DEVELOPING A SKILLED WORKFORCE, AND INCREASING JOBS AND INVESTMENTS IN THE REGION.

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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 $1,124,095

Program Service Revenue $321,028

Investment Income $0

Other Revenue $44,400

TOTAL REVENUE $1,489,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $542,656

Fundraising Expenses $0

Program Expenses $1,265,011

Other Expenses $1,020,023

TOTAL EXPENSES $1,562,679

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,489,523	$968,470	+0.5%
Expenses	$1,562,679	$1,186,822	+0.3%
Net Income	$-73,156	$-218,352	-0.7%

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

$144,622

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
B STEPHEN BOYD	PRESIDENT	8.00	Officer Director	$0	$0	$0
BRYON M SHERMAN	TREASURER	6.00	Officer Director	$0	$0	$0
DAVID VALICENTI	CLERK	0.50	Officer Director	$0	$0	$0
PETER STASIOWSKI	VICE PRESIDENT	0.50	Director	$0	$0	$0
JUSTIN MCKENNON	DIRECTOR	0.50	Director	$0	$0	$0
JAMES KUPERNIK	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE BIRGE	DIRECTOR	0.50	Director	$0	$0	$0
JAMES J BROSNAN	DIRECTOR	0.50	Director	$0	$0	$0
ASISH GHOSH	DIRECTOR	0.50	Director	$0	$0	$0
PHILIP DORE	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
ALAN LEBIHAN	DIRECTOR	0.50	Director	$0	$0	$0
GIOVANNA FESSENDEN	DIRECTOR	0.50	Director	$0	$0	$0
ELLEN KENNEDY	DIRECTOR	0.50	Director	$0	$0	$0
DAVID K ALLEN	DIRECTOR	0.50	Director	$0	$0	$0
PETER REINHART	DIRECTOR	0.50	Director	$0	$0	$0
DOUGLAS CRANE	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS ADJEI	DIRECTOR	0.50	Director	$0	$0	$0
ADRIAN DION	DIRECTOR	0.50	Director	$0	$0	$0
JULIE DIOP	DIRECTOR	0.50	Director	$0	$0	$0
BEN SOSNE	EXECUTIVE DIRECTOR	40.00	Officer	$144,622	$0	$144,622

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	No data	No data	No data	No data
2023	$1,489,523	$1,562,679	$12,612,867	$-73,156
2022	$968,470	$1,186,822	$12,529,840	$-218,352
2021	$929,131	$1,101,698	$12,909,447	$-172,567
2020	$6,424,153	$665,379	$13,340,795	$5,758,774
2019	$6,373,333	$118,225	$9,997,843	$6,255,108

BERKSHIRE INNOVATION CENTER INC