Hillman Accelerator (EIN 820863876) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

Candice Matthews Brackeen

Phone

5133248571

Tax Period

2024-01-01 to 2024-12-31

Hillman Accelerator, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 105% operating deficit.

Mission

LIGHTSHIP FOUNDATION PROVIDES SUPPORT FOR EARLY STAGE COMPANIES IN UNDERSERVED AREAS AND LED BY UNDERSERVED INDIVIDUALS TO OBTAIN FUNDING FOR THEIR DEVELOPING COMPANIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,003,197

Program Service Revenue $0

Investment Income $0

Other Revenue $339,796

TOTAL REVENUE $1,342,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,748,676

Other Expenses $2,748,676

TOTAL EXPENSES $2,748,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,342,993	$4,060,306	-0.7%
Expenses	$2,748,676	$3,962,922	-0.3%
Net Income	$-1,405,683	$97,384	-15.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

$552,717

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Candice Brackeen	CEO	40.00	Key Emp	$280,810	$0	$280,810
Raquel Robinson	Executive Director	40.00	Key Emp	$128,680	$0	$128,680
Alexis Alston	Program Lead	40.00	Key Emp	$143,227	$0	$143,227

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	$1,342,993	$2,748,676	$3,564,275	$-1,405,683
2023	$4,060,306	$3,962,922	$949,224	$97,384
2022	$2,251,630	$2,605,578	$859,679	$-353,948
2021	$1,083,095	$1,618,215	$1,121,943	$-535,120
2020	$1,778,189	$762,554	$1,413,141	$1,015,635
2019	$803,808	$727,593	$298,369	$76,215
2018	$617,734	$560,421	$281,992	$57,313

Hillman Accelerator