SPRINGBOARD INCUBATORS INC (EIN 814200249) - 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

2016

Legal Domicile

Principal Officer

STEVEN LINDO

Phone

5164142000

Tax Period

2024-09-01 to 2025-08-31

SPRINGBOARD INCUBATORS INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $201K in total revenue in fiscal year 2024.

Mission

SPRINGBOARD'S MAIN MISSION IS TO BRIDGE THE DIGITAL DIVIDE, BUT MORE IMPORTANTLY THE KNOWLEDGE DIVIDE IN TECHNOLOGY FOR OUR REGION THROUGH EDUCATIONAL PROGRAMS AND WORKSHOPS. OUR FOCUS IS TO PREPARE INDIVIDUALS INTERESTED IN PURSUING CAREERS IN COMPUTER SCIENCE AND TECHNOLOGY BY PUTTING THEM THROUGH COURSES IN OUR WORKSHOPS AND LIFE ENRICHMENT PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,100

Program Service Revenue $189,908

Investment Income $0

Other Revenue $436

TOTAL REVENUE $201,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,304

Fundraising Expenses $19,458

Program Expenses $146,079

Other Expenses $98,300

TOTAL EXPENSES $215,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,444	$208,632	0.0%
Expenses	$215,604	$265,522	-0.2%
Net Income	$-14,160	$-56,890	-0.8%

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

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

$17,300

Total Directors

$17,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN LINDO	PRESIDENT/CEO	40.00	Officer Director	$8,650	$0	$8,650
MERTON A OWENS	VICE PRESIDENT/TREASURER	15.00	Officer Director	$0	$0	$0
JANICE LINDO	SECRETARY	15.00	Officer Director	$8,650	$0	$8,650

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	$201,444	$215,604	$51,175	$-14,160
2024	$208,632	$265,522	$99,353	$-56,890
2023	$253,430	$272,964	$199,890	$-19,534

SPRINGBOARD INCUBATORS INC