INCUBATOR KITCHEN COLLECTIVE (EIN 814918647) - 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

Principal Officer

RACHEL DESROCHERS

Phone

5132276537

Tax Period

2024-01-01 to 2024-12-31

INCUBATOR KITCHEN COLLECTIVE, founded in 2016, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $308K in total revenue in fiscal year 2024.

Mission

PROVIDE SHARED KITCHEN SPACES TO SUPPORT FOOD ENTREPRENEURS WITH AN AFFORDABLE & COMPREHENSIVE APPROACH. FOOD ENTREPRENEURS FIND BELOW- MARKET RATE LICENSED KITCHEN FACILITIES, FOOD-FOCUSED ENTREPRENEURIAL EDUCATION, AND A NETWORK OF MARKETS, INVESTORS, MENTORS AND A COMMUNITY OF PASSIONATE, LIKE-MINDED PEERS. DURING 2024 - HELD FOUR DIFFERENT LEARNING WORKSHOPS; HELPED OVER 35 COMPANIES LAUNCH OR GROW; AND PROVIDED A FOOD EDUCATION SERIES

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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 $68,700

Program Service Revenue $238,301

Investment Income $619

Other Revenue $0

TOTAL REVENUE $307,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,632

Fundraising Expenses $0

Program Expenses $252,755

Other Expenses $223,436

TOTAL EXPENSES $319,068

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,620	$302,886	+0.0%
Expenses	$319,068	$267,624	+0.2%
Net Income	$-11,448	$35,262	-1.3%

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

$54,546

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL DESROCHERS	EXECUTIVE DI	40.00	Officer	$54,546	$0	$54,546

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	$307,620	$319,068	$68,900	$-11,448
2023	$302,886	$267,624	$80,007	$35,262
2022	$294,794	$283,465	$44,888	$11,329
2021	$239,830	$244,840	$36,851	$-5,010
2020	$232,230	$205,353	$37,807	$26,877
2019	$183,332	$169,226	$17,261	$14,106
2018	$224,781	$227,075	$867	$-2,294

INCUBATOR KITCHEN COLLECTIVE