MILL RACE CENTER FOR ENTREPRENEUERSHIP AND INNOVATION (EIN 821919079) - 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

2018

Legal Domicile

Principal Officer

DANNY LAUDICK

Phone

3195536921

Tax Period

2021-01-01 to 2021-12-31

MILL RACE CENTER FOR ENTREPRENEUERSHIP AND INNOVATION, founded in 2018, is a small nonprofit in the Education sector that reported $104K in total revenue in fiscal year 2021. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $194K exceeded revenue, resulting in a 88% operating deficit.

Mission

TO SUPPORT ENTREPRENEUERS AND EARLY-STAGE COMPANIES IN THE CEDAR VALLEY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $67,181

Program Service Revenue $36,471

Investment Income $0

Other Revenue $0

TOTAL REVENUE $103,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,155

Fundraising Expenses $0

Program Expenses $147,457

Other Expenses $145,274

TOTAL EXPENSES $194,429

Year-over-Year Comparison

	2021	2020	Change
Revenue	$103,652	$392,651	-0.7%
Expenses	$194,429	$378,605	-0.5%
Net Income	$-90,777	$14,046	-7.5%

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

$45,649

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY LAUDICK	EXECUTIVE DIRECTOR	40.00	Officer	$41,596	$4,053	$45,649
KRIS HANSEN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
LAURA HAND	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RESHONDA YOUNG	TREASURER	2.00	Officer Director	$0	$0	$0
THERESE STEVENS	SECRETARY	2.00	Officer Director	$0	$0	$0
TRACE STEFFEN	DIRECTOR	2.00	Director	$0	$0	$0
MARK KITRELL	FORMER DIRECTOR	2.00	Director	$0	$0	$0
NICK EVENS	FORMER DIRECTOR	2.00	Officer 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
2021	$103,652	$194,429	$24,607	$-90,777
2020	$392,651	$378,605	$118,968	$14,046
2019	$359,768	$308,006	$104,964	$51,762
2018	$313,522	$264,632	$50,473	$48,890

MILL RACE CENTER FOR ENTREPRENEUERSHIP AND INNOVATION