SOUTHERN TIER HIGH TECHNOLOGY INCUBATOR INC

EIN: 800821308 501(c)(3) Education

BINGHAMTON, NY

Total Revenue
$949,049
Total Expenses
$1,826,057
Total Assets
$10,601,124
Net Assets
$10,330,056
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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
2012
Legal Domicile
NY
Principal Officer
JAMES GODLESKI
Phone
6077773844
Tax Period
2024-07-01 to 2025-06-30

SOUTHERN TIER HIGH TECHNOLOGY INCUBATOR INC, founded in 2012, is a small nonprofit in the Education sector that reported $949K in total revenue in fiscal year 2024. Expenses of $1.8M exceeded revenue, resulting in a 92% operating deficit.

Mission

TO FURTHER AND SUPPORT THE EDUCATIONAL AND SCIENTIFIC PURPOSES OF THE STATE UNIVERSITY OF NEW YORK AT BINGHAMTON ("BINGHAMTON UNIVERSITY") BY CREATING A TECHNOLOGY INCUBATOR CENTER THAT WILL EXPAND THE UNIVERSITY'S RESEARCH AND DEVELOPMENT CAPABILITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $397,752
Program Service Revenue $526,919
Investment Income $0
Other Revenue $24,378
TOTAL REVENUE $949,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $207,575
Fundraising Expenses $0
Program Expenses $1,672,284
Other Expenses $1,618,482
TOTAL EXPENSES $1,826,057

Year-over-Year Comparison

2024 2023 Change
Revenue $949,049 $964,825 0.0%
Expenses $1,826,057 $1,885,263 0.0%
Net Income $-877,008 $-920,438 0.0%
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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
7

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
3
$0
Total Directors
8
$394,544
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETSY KOFFMAN PRESIDENT 0.50
Officer Director
$0 $0 $0
HARVEY STENGER DIRECTOR 0.50
Director
$0 $0 $0
MARYBETH CURTIN SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
HOWARD UNGER DIRECTOR 0.50
Director
$0 $0 $0
MARY O'MALLEY-TRUMBLE VICE-PRESIDENT 0.50
Officer Director
$0 $0 $0
TONY HAWKINS DIRECTOR 0.50
Director
$0 $0 $0
ALBERT NOCCIOLINO DIRECTOR 0.50
Director
$0 $0 $0
SHEILA DOYLE EXECUTIVE DIRECTOR 6.00
Director
$0 $52,412 $394,544
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 $949,049 $1,826,057 $10,601,124 $-877,008
2024 $964,825 $1,885,263 $11,481,525 $-920,438
2023 $785,543 $1,711,829 $12,310,507 $-926,286
2022 $638,015 $1,564,567 $13,192,240 $-926,552
2021 $412,743 $1,331,070 $14,006,474 $-918,327
2020 $460,864 $1,338,017 $14,910,720 $-877,153
2019 $865,020 $1,512,532 $15,791,268 $-647,512
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