NORTHEAST ALABAMA BUSINESS INCUBATOR SYSTEM INC (EIN 631159586) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Phone

2568315215

Tax Period

2024-01-01 to 2024-12-31

NORTHEAST ALABAMA BUSINESS INCUBATOR SYSTEM INC, founded in 1998, is a micro nonprofit in the Community Improvement sector that reported $83K in total revenue in fiscal year 2018. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20K, a strong 24% operating margin.

Mission

AS A BUSINESS INCUBATOR OUR GOAL IS TO PROMOTE ENTREPRENEURSHIP AND INCREASE THE DEVELOPMENT OF SMALL BUSINESS IN CALHOUN COUNTY, ALABAMA. WE ACHIEVE THIS VIA MENTORING PROGRAMS,NETWORKING,PUBLICITY,REFERRALS TO PROFESSIONALS, SHARED ACCESS TO EQUIPMENT AND ONSITE ACCOMODATIONS.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,310

Program Service Revenue $0

Investment Income $14

Other Revenue $-884

TOTAL REVENUE $8,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,388

Other Expenses $30,384

TOTAL EXPENSES $30,384

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,440	$2,292	+2.7%
Expenses	$30,384	$34,915	-0.1%
Net Income	$-21,944	$-32,623	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BLUE	VICE CHAIR	2.00	Director	$0	$0	$0
JAMES W BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
BILL NEWMAN	DIRECTOR	2.00	Director	$0	$0	$0
DEBRA FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
PHIL WEBB	DIRECTOR	2.00	Director	$0	$0	$0
BILL JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
TERRY E SMILEY	DIRECTOR	2.00	Director	$0	$0	$0
LAURA PHILLIPS	DIRECTOR	0.00	Director	$0	$0	$0
DON HOPPER	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$0
LARRY DEASON	CHAIRMAN	2.00	Officer	$0	$0	$0
DICK ANDERSON	SECRETARY	2.00	Officer	$0	$0	$0
BRIAN ROSENBALM	TREASURER	2.00	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	$8,440	$30,384	$1,096,495	$-21,944
2023	$2,292	$34,915	$1,117,996	$-32,623
2022	$12,860	$21,155	$1,154,385	$-8,295
2021	$-36,348	$20,234	$1,164,144	$-56,582
2020	$220,851	$19,021	$1,224,294	$201,830
2019	$253,897	$40,506	$1,061,237	$213,391
2018	$82,597	$62,787	$840,837	$19,810

NORTHEAST ALABAMA BUSINESS INCUBATOR SYSTEM INC