CATAPULT LAKELAND INC (EIN 800945525) - 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

2013

Legal Domicile

Principal Officer

CHRISTIN STRAWBRIDGE

Phone

8636873788

Tax Period

2023-01-01 to 2023-12-31

CATAPULT LAKELAND INC, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Net assets of $12.2M represent 95 months of operating reserves.

Mission

PART 1, LINE 1 - DESCRIPTION OF ORGANIZATION MISSION: THROUGH EDUCATIONAL AND MENTORING PROGRAMS, CATAPULT, INC. PROVIDES AN ATMOSPHERE FOR EDUCATION, MENTORING, TRAINING, AND ACCELERATING INNOVATIVE IDEAS TO HELP ENTREPRENEURS LEARN HOW TO BUILD STRONGER, SUCCESSFUL BUSINESSES. CATAPULT PROVIDES EDUCATIONAL OPPORTUNITIES AND RESOURCES THAT ALLOW ENTREPRENEURS TO PITCH AND FLUSH OUT IDEAS TO CATAPULT THEIR BUSINESSES TO THE NEXT LEVEL, AS WELL AS IDENTIFY TECHNOLOGIES OR BUSINESS GAPS, AND PROVIDE VALUE-ADDED SOLUTIONS. CATAPULT IS A PLACE WHERE IDEAS CAN BE SHARED AND PROBLEMS CAN BE SOLVED IN AN ENTREPRENEURIAL CULTURE THAT ENCOURAGES AND FOSTERS INNOVATION FOR THE BETTERMENT OF THE LAKELAND COMMUNITY. THE WORKSPACE IS HOME BASE FOR ALL OF THE COWORKING, DESK, AND OFFICE MEMBERS. WHILE MEMBERSHIP RATES ARE RELATIVELY INEXPENSIVE, THIS SPACE IS DESIGNED TO BE MORE THAN CHEAP OFFICE SPACE. IT IS AN INTENTIONAL COMMUNITY TO SUPPORT FOUNDERS AS THEY GROW THEIR STARTUP. MAKERSPACE: COMPLE

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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 $949,580

Program Service Revenue $521,428

Investment Income $76,697

Other Revenue $1,500

TOTAL REVENUE $1,549,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $678,783

Fundraising Expenses $0

Program Expenses $1,353,952

Other Expenses $944,313

TOTAL EXPENSES $1,623,096

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,549,205	$1,506,846	+0.0%
Expenses	$1,623,096	$1,706,392	0.0%
Net Income	$-73,891	$-199,546	-0.6%

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

$92,980

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIN STRAWBRIDGE	PRESIDENT	60.00	Officer	$92,980	$0	$92,980
HOYT BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY BECK	TREASURER	3.00	Officer Director	$0	$0	$0
LEILA BLACKING	PAST CHAIRMA	1.00	Officer Director	$0	$0	$0
SYLVIA BLACKMON-ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HALLOCK JR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE MADDEN	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CALLIE NESLUND	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN PHILPOT	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN J SCRUGGS	DIRECTOR	3.00	Director	$0	$0	$0
ADAM WHELCHEL	DIRECTOR	1.00	Director	$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	No data	No data	No data	No data
2023	$1,549,205	$1,623,096	$12,207,944	$-73,891
2022	$1,506,846	$1,706,392	$12,299,274	$-199,546
2021	$908,790	$1,168,792	$12,484,632	$-260,002
2020	$2,793,681	$1,186,225	$12,740,349	$1,607,456
2019	$2,168,258	$1,080,643	$11,138,199	$1,087,615
2018	$4,350,076	$1,204,463	$10,048,988	$3,145,613

CATAPULT LAKELAND INC