CITY CENTER WACO CENTER INCUBATOR

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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

NONE

Program Service Accomplishments

Program 1

Expenses: $11,071

COMMUNITY ENGAGEMENT: PROVIDING PLANNING, ENGAGEMENT AND EDUCATION TO COMMUNITY GROUPS, NEIGHBORHOOD ASSOCIATIONS, RESIDENTS, SMALL BUSINESSES AND DEVELOPERS TO ENCOURAGE COMMUNITY-SERVING...

COMMUNITY ENGAGEMENT: PROVIDING PLANNING, ENGAGEMENT AND EDUCATION TO COMMUNITY GROUPS, NEIGHBORHOOD ASSOCIATIONS, RESIDENTS, SMALL BUSINESSES AND DEVELOPERS TO ENCOURAGE COMMUNITY-SERVING, AFFORDABLE AND EQUITABLE DEVELOPMENT OF BUSINESSES AND OTHER SERVICES

Program 2

Expenses: $115,135

COMMUNITY REDEVELOPMENT: ACQUISITION AND RENOVATION OF PROPERTY FOR DEVELOPMENT OF COMMUNITY RESOURCES INCLUDING AFFORDABLE HOUSING AND SMALL BUSINESS INCUBATION

Program 3

Expenses: $95,207

REJUVENATION OF DOWNTOWN AS A COMMUNITY GATHERING PLACE INCLUDING MAKING IT SAFER WITH LIGHTING AND SECURITY PATROLS, MORE APPEALING THROUGH REMOVAL OF GRAFFITI AND LANDSCAPING, PROVISION OF A...

REJUVENATION OF DOWNTOWN AS A COMMUNITY GATHERING PLACE INCLUDING MAKING IT SAFER WITH LIGHTING AND SECURITY PATROLS, MORE APPEALING THROUGH REMOVAL OF GRAFFITI AND LANDSCAPING, PROVISION OF A DOWNTOWN AREA SHUTTLE FROM PARKING AREAS TO THE COMMERCE AREAS, MARKETING AND SIGNAGE. THE ORGANIZATION ALSO PROVIDES ASSISTANCE TO THE DOWNTOWN AREA'S ANNUAL WINTER WONDERLAND, WHICH ATTRACTS THE PUBLIC TO THE DOWNTOWN AREA. THE ORGANIZATION HAD APPROXIMATELY 40 VOLUNTEERS CONTRIBUTING OVER 800 HOURS OF VOLUNTEER TIME ASSISTING CITY CENTER WACO DURING THE FISCAL YEAR.

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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