CITY CENTER WACO CENTER INCUBATOR (EIN 742489885) - 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

1988

Legal Domicile

Principal Officer

EVERETT PHIPPS

Phone

2547320043

Tax Period

2023-10-01 to 2024-09-30

CITY CENTER WACO CENTER INCUBATOR, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $369K in total revenue in fiscal year 2023. Expenses of $436K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO SUPPORT POTENTIAL AND EXISTING BUSINESSES IN MCLENNAN AND SURROUNDING COUNTIES, ESPECIALLY IN DISADVANTAGED AREAS. TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT THROUGH INNOVATION, COORDINATION, AND COLLABORATION.

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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 $359,720

Program Service Revenue $0

Investment Income $8,779

Other Revenue $177

TOTAL REVENUE $368,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,232

Fundraising Expenses $0

Program Expenses $221,413

Other Expenses $204,465

TOTAL EXPENSES $435,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,676	$374,840	0.0%
Expenses	$435,697	$467,673	-0.1%
Net Income	$-67,021	$-92,833	-0.3%

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

$122,708

Total Directors

$122,708

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNADETTE HOOKHAM	DIRECTOR	1.00	Director	$0	$0	$0
EVERETT PHIPPS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREA KOSAR	DIRECTOR	1.00	Director	$0	$0	$0
BEN LACY	PRIOR PRESIDENT	1.00	Director	$0	$0	$0
CARLA DOTSON	DIRECTOR	1.00	Director	$0	$0	$0
DOMINIQUE BOLTS	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
WELDON GOODEN	DIRECTOR	1.00	Director	$0	$0	$0
CONCHA LOZANO	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE CHASE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BIBLE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CALAWAY	DIRECTOR	1.00	Director	$0	$0	$0
WILL JONES	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MCGOWAN	DIRECTOR	1.00	Director	$0	$0	$0
AFRICA TARVER	EXECUTIVE DIRECTOR	40.00	Officer Director	$122,708	$0	$122,708

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	$368,676	$435,697	$1,327,874	$-67,021
2023	$374,840	$467,673	$1,337,146	$-92,833
2022	$249,121	$512,785	$1,477,511	$-263,664
2021	$472,467	$462,608	$2,224,864	$9,859
2020	$828,279	$447,859	$2,325,902	$380,420
2019	$413,122	$441,179	$1,897,499	$-28,057
2018	$423,426	$392,278	$1,318,771	$31,148

CITY CENTER WACO CENTER INCUBATOR